from Phoenix Capital Research, via Contra Corner:
The Oil story is being misinterpreted by many investors.
When it comes to Oil, OPEC matters, as does Oil Shale, production cuts, geopolitical risk, etc. However, the reality is that all of these are minor issues against the MAIN STORY: the $9 TRILLION US Dollar carry trade.
Drilling for Oil, producing Oil, transporting Oil… all of these are extremely expensive processes. Which means… unless you have hundreds of millions (if not billions) of Dollars in cash lying around… you’re going to have to borrow money.
Read More @ Davidstockmanscontracorner.com
hat tip: fz
Read more about Mind The Global Dollar Short — It’s A $9 TRILLION Time Bomb
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