Business

By Simon Jacques

Noble Group’s "Collateral Margin Call"

The downgrade of Noble Group by Moody’s depicts an aggressive financial risk and a vulnerable business risk profile

I) the first-order problem is Macro.

One year ago, when oil was trading in the mid-$50s, and when MarketWatch released an article saying "Now’s time to consider energy stocks: Goldman Sachs, Morgan Stanley" (from December 15), we took the other side and on January 29 we explained why "Either Oil Soars Back To $88, Or Energy Stocks Have To Tumble By Over 40%."

Via The Financial Repression Authority,

Prepare to be taxed.

Behind the veneer of “all is well” being promoted by both world Governments and the Mainstream Media, the political elite have begun implementing legislation that will permit them to freeze accounts and use your savings to prop up insolvent banks.

This is not conspiracy theory or some kind of doom and gloom. It’s basic fact.

Authored by Carmen Reinhart, originally posted at Project Syndicate,