Published on the Doomstead Diner on January 18, 2016
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Discuss this Rant at the Diner TV Table inside the Diner
Events are moving so fast now that I need to disrupt my regularly scheduled Collapse Rants for a SPECIAL BULLETIN.
It's ON LIKE DONKEY KONG now!
Global markets are in complete turmoil and the bottom is nowhere in sight. Oil prices have collapsed below the $30 handle to around $28 on the futures market this morning. The Saudi market is now in uber-bear territory, off 50% from its peak.
Will the PPT be able to step up to the plate today and halt the PANIC RUN? What rabbit can they pull out of the Hat this time?
What TBTF entity will be the first to Cry Uncle and roll over and die?
It's a full on clusterfuck to start the week here, and the cracks in the dyke are getting bigger pretty fast.
Fasten your seatbelts Diners, because it looks like the Titanic has hit the Iceberg.