war

CHART OF THE DAY: How To Protect Your Money In A War With Iran, And An Oil Spike

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CHART OF THE DAY: How To Protect Your Money In A War With Iran, And An Oil Spike  by Joe Weisenthal One of the big fears for the market is obviously an oil spike, possibly caused by a war with Iran.Such an event would probably be bad for stocks if oil surged but given the market and economic momentum, people arent inclined to just bet against the market on the chance of this geopolitical event.So heres an idea from Barclays Sreekala Kochugovindan. via CHART OF THE DAY: How To Protect Your Money In A War With Iran, And An Oil … Read more

Greece Steps Down And North Korea Takes The Stage

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Interactions with North Korea are a bit of an unknown under the new leadership of Kim Jong Un, but the fourth largest military in the world is stepping into the limelight as Greece leaves center stage.  Annual joint military drills between the US and South Korea take place this week and North Korea isn’t happy.  This could spell trouble should the  young dictator with something to prove back himself into a corner.. “The war drills are an unpardonable infringement upon the sovereignty and dignity” of North Korea, the official Korean Central News Agency said today in an editorial. “The army … Read more

With Iran Offline, Oil Could Jump 30%

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Despite our massive emergency oil reserves (see here), the IMF estimates a halt in Iran crude could produce a rather dramatic effect in the price of oil: “If Iran halts exports to countries without offsets from other sources it would likely trigger an “initial” oil price jump of 20 to 30 percent, or about $20 to $30 a barrel, the IMF said in its first public comment on a possible Iranian oil supply disruption.” “Financial sanctions against Tehran may be ‘tantamount to an oil embargo’ and would imply supply declines of about 1.5 million barrels per day from the world’s … Read more