Powder keg
The world is obviously in a state of a large-scale financial crisis, and this is all one can hold back. In the last article, I suggested that it would be the spark Brexit that explode markets. In part, it's what happened, but I could not imagine what a massive pouring of liquidity will provide the ECB and the Bank of Japan's market. Obviously, the market save in all possible ways, all stall instantly pay off, the central banks of all the forces trying to keep the value of the assets afloat, otherwise the major banks, one after another begin to collapse like Lehman Brothers. The ECB and the Bank of Japan in a panic - and use all possible manipulations.
Fed in 2016 stopped the latest quantitative easing program (simply: the release of new money), and the only thing that can keep the markets afloat - it's just corporate profits. But the past two months only bring news about the mass reduction of profits in all top corporations, which kept the indices, the producer price index (Industrial PMI), as well as the industrial production index (US industrial production) has been declining for 9 consecutive months of growth instead.
Now only one sharp shock to powder magazine blew up.
What will it be? The collapse of Europe (Grexit, Italexit, Portoexit), a major terrorist attack, the US military action against China in the South China Sea, the bankruptcy of Deutsche Bank, may, bankruptcy major Japanese banks and generally unpredictable events like "9/11" can conspirological secret srezhessirovannoe world behind the scenes for the writing off of debts. Who knows?
One obvious now: the world is already in deep financial crisis and blow up banks and markets for them can one single event, the shock of which would cause a massive margin call and the subsequent closing of positions that can not kill the ECB and the Bank of Japan.
Now you can you can be sure of only one thing - the oil market leading the Central Bank no effect, in practice, can not render. Oil is living her life. Off the coast of Singapore (as a hub between the Middle East and China) have accumulated hitherto unprecedented number of supertankers facing months laid up and performing a single function - storage. These tankers are not going anywhere, as they do not toss money. But more about that another time.
