- Crude oil posting new lows, below $27, which is the lowest since 2003, and the DOW Jones index some 500 points lower (and other indices correspondingly lower) did not add much in the way of support today. Weakness in global economies with energy producing nations struggling to raise sufficient cash for their own domestic economies is an ongoing issue.
- One issue previously ignored is that some $730 billion exited the worlds emerging economies inn the last year. This record exodus leaves countries like Brazil, Egypt, China, Turkey and Russia with reduced funding ability going forward. Those who borrowed cheap US$ during the US QE programme may now be struggling to repay as the US$ rallies. This is introducing some concerns into European Banks as far as their non-performing loan portfolios are concerned! Watch this space!!!