China has got a immense sector of shadow banks. No one knows how large it really is. Probably there are some minor crashes in this shadow bank system what could lead to a big crash what will affect the whole world.
Just curious because I don't really know... what exactly are China's supposed "shadow banks", and how are they affecting the markets as of right now?
ote author=DeathProxyX link=topic=1325119.msg13529859#msg13529859 date=1452622378]
Will china act is a spark in the crash of 2016 and Brent crude is below the 2008 crisis price and expected to go to $15-$25? What are your views is it just some corrections in the market or things are going to get worse?
Brent is down only for damage Russia. Brent suold be near 50$
No my friend I completely disagree with you, crude is down because of the clash of Iran and Dubai due to nuclear deals and stuff and its been less than 36 hrs that all the major investments banks have said that they are bearish on crude oil, and this would prove to be true in the coming US oil inventory report in couple of days.
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Yeah, this has been going on for sometime now... I really haven't read much into it that much, but I remember reading somewhere the OPEC was over producing oil just to make ends meet/businesses to stay afloat. Now, it's truly biting everyone in OPEC in the ass.
But I'm wondering how can they survive now when the price of the barrel is more expensive than the oil itself? Doesn't seem like a very favorable trade for any of the OPEC members..