{"id":12740,"date":"2015-09-28T07:45:42","date_gmt":"2015-09-28T12:45:42","guid":{"rendered":"http:\/\/olduvai.ca\/?p=12740"},"modified":"2015-09-28T07:45:42","modified_gmt":"2015-09-28T12:45:42","slug":"commodity-carnage-continues-amid-fears-of-glencore-liquidation","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=12740","title":{"rendered":"Commodity Carnage Continues Amid Fears Of Glencore Liquidation"},"content":{"rendered":"<h3 class=\"title\"><a href=\"http:\/\/www.zerohedge.com\/news\/2015-09-28\/commodity-carnage-continues-amid-fears-glencore-liquidation\" target=\"_blank\">Commodity Carnage Continues Amid Fears Of Glencore Liquidation<\/a><\/h3>\n<p>Despite a relatively unchanged US Dollar, commodities across the board are under significant (and seemingly coordinated) pressure this morning. It appears that the key selling began as Europe opened and the carnage in massive commodity group Glencore began to materialize.\u00a0<strong><em>Glencore CDS is now above 700bps (up 154bps today) and stocks down almost 30% today&#8230;<\/em><\/strong><\/p>\n<p><strong>Commodities being sold systemically<\/strong>\u00a0despite a lack of FX-driven impact&#8230;<\/p>\n<p><a href=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2015\/09-overflow\/20150928_comm1.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2015\/09-overflow\/20150928_comm1_0.jpg\" alt=\"\" width=\"600\" height=\"313\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p>And even more worrying,<strong>\u00a0Bank counterparty risk is re-soaring&#8230;<\/strong><\/p>\n<p><a href=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2015\/09-overflow\/20150928_comm3.jpg\"><img decoding=\"async\" src=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2015\/09-overflow\/20150928_comm3_0.jpg\" alt=\"\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p><em>Charts: Bloomberg<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Commodity Carnage Continues Amid Fears Of Glencore Liquidation Despite a relatively unchanged US Dollar, commodities across the board are under significant (and seemingly coordinated) pressure this morning. It appears that the key selling began as Europe opened and the carnage in massive commodity group Glencore began to materialize.\u00a0Glencore CDS is now above 700bps (up 154bps [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[63,1626,1851,9359,5869,9360,1123,690,2443,839,4318],"class_list":["post-12740","post","type-post","status-publish","format-standard","hentry","category-economics","tag-banks","tag-cds","tag-commodity-price-collapse","tag-counterpart-risk","tag-credit-market","tag-financial-credit","tag-glencore","tag-risk","tag-stock-markets","tag-us-dollar","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/12740","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12740"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/12740\/revisions"}],"predecessor-version":[{"id":12741,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/12740\/revisions\/12741"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12740"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12740"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12740"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}