{"id":2744,"date":"2014-12-10T15:05:22","date_gmt":"2014-12-10T20:05:22","guid":{"rendered":"http:\/\/olduvai.ca\/?p=2744"},"modified":"2014-12-10T15:05:22","modified_gmt":"2014-12-10T20:05:22","slug":"and-on-the-seventh-day-god-shorted-his-people-the-automatic-earth","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=2744","title":{"rendered":"And On The Seventh Day God Shorted His People – The Automatic Earth"},"content":{"rendered":"

And On The Seventh Day God Shorted His People – The Automatic Earth<\/a>.<\/p>\n

And on the Seventh Day, God sold his shares? What do you think, is He short the market? Short oil? Oil does look up a tad, but then the dollar lost about a percent vs the euro, so that definitely feels like a headfake from where I\u2019m sitting. The dollar lost more vs the euro than oil gained against the dollar. Gold and silver have somewhat more solid looking gains, but that\u2019s against the same feverish buck, so what does it really mean? We\u2019ll have to wait and see.<\/p>\n

Now, be honest, who\u2019s getting nervous yet? WTI oil yesterday fell 4.5% and tumbled through $63. $63, brother, you remember when it was $80 and you were thinking wow, that\u2019s a long way down? That\u2019s when you took that suit to the cleaners, and that feels like just yesterday, don\u2019t it, and here we are, it\u2019s down another 20%+. Anyone worried about their Christmas bonuses yet? New Year\u2019s?<\/p>\n

The central-bank-propped-up stock exchanges didn\u2019t even like what they saw anymore either yesterday, let alone today. Greece down -13%, Shanghai -5.4%, Argentina -7.1%, Europe on average -2.5%. And that\u2019s on a weak dollar day\u2026 Think we\u2019ll have a lot of those days? Think God is short the greenback?<\/p>\n

Is oil going to break the whole facade? What do YOU think? You think that maybe we\u2019ve had enough of this charade? Is this the one God, let alone the Yellens and Draghis on this planet can\u2019t manipulate from their comfy seats? The Fed can buy Exxon and Conoco, and Draghi can try and support Shell and BP, or maybe the Bank of England should, but oil is a global thing, it\u2019s not like Treasuries or Greek debt that you can just buy a $1 trillion handful of every week or so.<\/p>\n

<\/p>\n

…click on the above link to read the rest of the article…<\/span><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

And On The Seventh Day God Shorted His People – The Automatic Earth. And on the Seventh Day, God sold his shares? What do you think, is He short the market? Short oil? Oil does look up a tad, but then the dollar lost about a percent vs the euro, so that definitely feels like […]<\/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":[2,3],"tags":[91,124,588,592,1775,1451],"class_list":["post-2744","post","type-post","status-publish","format-standard","hentry","category-economics","category-energy-2","tag-brent-crude","tag-central-banks","tag-oil","tag-oil-price","tag-oil-price-collapse","tag-west-texas-intermediate"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2744","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=2744"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2744\/revisions"}],"predecessor-version":[{"id":2745,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2744\/revisions\/2745"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2744"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2744"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2744"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}