A lot of conflict within the game and between the teams most of the conflict i would say over the years from morning there most of them is me. Close one you know the childrens children this could be just the state of california alone makes 6000000000 clues you have to presume cope with just to get some point in your life where. You dont care anymore nobody cares about you so you dont care mind anything. Actually as a financial survival stacey lets learn. Lets say im the. Grease of the fight. Thank you for. The story thats right. Hello and welcome to cross talk were all Things Considered im Peter Lavelle with the coronavirus now officially declared a pandemic the world faces the additional burden of an Oil Market Collapse this comes at a time when demand for crude was already low some are calling this the ultimate perfect storm how this all ends is anyones guess. Crosschecking crude carnage im joined by my guest was me in beirut hes a professor of economics and International Affairs in
Youre going to see everybody from every walk of life used this summer how i ive heard radio promotion sometimes tawdry despicable so whatever the human imagination can provide thats what youll see. And that brings you up to date and i will be back with more for you in about 30 minutes time in the meantime. And stay with us. Hello and welcome to cross talk were all Things Considered im Peter Lavelle with the coronavirus now officially declared a pandemic the world faces the additional burden of an Oil Market Collapse this comes at a time when demand for crude was already low some are calling this the ultimate perfect storm how this all ends is anyones guess. Cross sucking crude carnage im joined by my guest was me in beirut hes a professor of economics and International Affairs in irvine we have pai and he is an independent economic and geo political analyst as well as a former commodities trader and in toronto we Cross Alexandre Bruno he is an analyst at gulf state analytics sorry gent
All across the world whats the whats the gambit go ahead. Well thank you yeah the timing the gambit of the gambit as well as a separate thing all this turmoil and black swans concurrently happening around the world really kind of begs certain geo political questions in my opinion you have coronavirus more or less announced really kind of command saying on new years eve and then the rollout is fairly rapid and. In a sense the attention being kind of collapsing of as you said already low Energy Demand but as a demand especially within chinas collapsing then you have the announcement of the pandemic and the timing then of opec really saudi arabia and to a certain extent now u. A. E. You know just insisting on the pullback which would in turn affect the desired medium term desired from russia to capture more of the Global Market share within the energy space and at some point there was a budding of heads russia i sensed saw through you know a certain coordination issues you had unofficial
About 800 points on the dow. Youre still looking at a loss of greater than 5 a huge story today the crude oil crush as the saudis initiate a price war. We should think about it in terms of the speed and velocity of decline the s p the is down about 17 . We hear about the news with are the russians and saudi arabia. The problem i have is you have a very healthy patient being the market now it appears to be in intensive care we dont seem to have any doctors around to treat them in intense iive care negative rates are present in the uk, first time ever. We are battling here in the United States with the potential for negative rates the missing link in all of this which is what we saw in 2008 was a global coordinated effort. There does not seem to be a globally coordinating effort to address that i think thats what the market is riding against. Liz young, what do you see . Lets start with the globally coordinated effort i think theres been an effort from Central Banks thats been reasonably
Since 1980 sevens a black monday crash caused by investor fears over handling of the 1000 crisis. Taylor is here next hour with the latest updates but 1st. Prices are battering the world economy. Ways and the issues next day with. Hello and welcome to cross talk were all things are considered im Peter Lavelle with the coronavirus now officially declared a pandemic the world faces the additional burden of an Oil Market Collapse this comes at a time when demand for crude was already low some are calling this the ultimate perfect storm. Ends is anyones guess. Crude carnage im joined by my guess was me in beirut hes a professor of economics and International Affairs in irvine we have pai and he is an independent economic and political analyst as well as a former commodities trader and in toronto we Cross Alexandre Bruno he is an analyst at gulf state analytics sorry gentlemen crosslike rules in effect that means you can jump in anytime you want and i always appreciate pilot may go to you 1