Aramco discounts are STILL deep fuckery to the oil market, still screws Iran and Venezuela. The lack of screaming makes me thing VP & MBS are pulling a fast one on the underlying finance games that play in the totality of the Crude Curve (Contango Trade), and particularly in Brent, which is off of what US gas prices are mostly priced>
Nice to see another fren noticing it.
ICVCVVF
ere
Excess loans need to be laundered through BK. Overdue. Some companies will go bye-bye but the assets will just have a new name on the door.
Stupid banks that made the loans on overvaluation have the problems, and that's what's being protected. Includes the financing of the Contango Trade and its securitization.
My God… people need help. And God.
What do you own with an ETF*?
A bank promissory note. Only. It's a derivative that's only as good as the TBTF that makes the "Pinkie swear promise".
*Not designed for public consumption but for HFT and HF use in leveraged trades.