Business

Crude is contained...

But Reuters summed it up nicely...

China carnaged overnight...

Authored by Gerald O'Driscoll, former vice president at The Dallas Fed, posteed op-ed at The Wall Street Journal,

Are we headed for another global financial crisis? The market convulsions of the past week reflected a continuation of a market selloff that began on the first trading day of 2016. Investors have reasons to be fearful—but not terrified.

Based on 43 large sell-offs in the world's major equity markets, Morgan Stanley gauges how the current market slide compares to bear markets and bull corrections through history. While they have tended to last about 190 business days, with drawdowns around 30%, the current environment is considerably weaker than the typical bear market beginning...

The Bear Necessities – What’s the ‘Typical’ Sell-Off Environment?

Much has been said, and many charts shown demonstrating how collapsing oil prices equate with a recessionary (and, according to at least one Dallas Fed respondent, "depressionary") hit for the US energy space and manufacturing sector first, and subsequently, contagion for US banks various other investors in the US shale space, and ultimately the broader economy.

Perhaps too much.

So in an attempt to simply some of the confusion, here are just four charts which, in our opinion, are among the scariest for energy investors.

Last weekend we explained how as a result of the dying Petrodollar and the plunging price of oil, emerging markets and Sovereign Wealth Funds such as the ones listed below...

... are forced to liquidate tens of billions in equities around the globe in what has become a largely indiscriminate liquidation wave.