55 and 55 (Rubles and Oil)

[jone]

Brent Crude fell to $55/barrel this week on growing concerns regarding Greece.  At the same time, Rubles are trading at 55 to a US Dollar.  The high point of Rubles to the dollar was earlier this year at 61.  When I was in Russia in early May the Ruble was trading at 51 to the dollar.

While the numbers reflect differing parts of the world economy, it seemed a signal event when they have matched each other.  Kinda like that joke they were telling about Putin, in Russia.  That the price of oil, Putin's age and Rubles to the dollar were all going to meet at 61.  Well, Putin is now 62.  Oil is selling below 61 and the Rubles to dollar trade off is once again approaching Putin's age.

What a co-inky-dink.

[fathertime]

Brent Crude fell to $55/barrel this week on growing concerns regarding Greece.  At the same time, Rubles are trading at 55 to a US Dollar.  The high point of Rubles to the dollar was earlier this year at 61.  When I was in Russia in early May the Ruble was trading at 51 to the dollar.

While the numbers reflect differing parts of the world economy, it seemed a signal event when they have matched each other.  Kinda like that joke they were telling about Putin, in Russia.  That the price of oil, Putin's age and Rubles to the dollar were all going to meet at 61.  Well, Putin is now 62.  Oil is selling below 61 and the Rubles to dollar trade off is once again approaching Putin's age.

What a co-inky-dink.

Nothing seems to make sense...the oil price is low yet the gas price is still quite high, yet Chevron stock has sunk to a multi-year low they haven't seen since 2011...in a rising stock market...


Fathertime! 

[tfcrew]

Brent Crude fell to $55/barrel this week on growing concerns regarding Greece.

Pardon the pun but Greece is definitely tanking...

“Greece is de facto insolvent now,” said Mujtaba Rahman, the chief eurozone and Greece analyst at Eurasia Group, a political risk analysis firm based in New York. “They have not paid the I.M.F., they are barely paying domestic pensions and there is no framework to suggest Greece will have recourse to external financing quickly.”

http://www.nytimes.com/2015/07/02/business/a-bankrupt-greece-is-struggling-to-stay-afloat.html?_r=0

[Faux Pas]

Pardon the pun but Greece is definitely tanking...


http://www.nytimes.com/2015/07/02/business/a-bankrupt-greece-is-struggling-to-stay-afloat.html?_r=0

The IMF has lined of 88B in a credit line for Greece so they can pay the interest on the previous loan at the rate of 1.5 billion every 3 weeks. A debt impossible to ever repay (in currency)

Take a good look, this is what the US will be doing in a few short years, likely before then

[tfcrew]

Take a good look, this is what the US entire planet will be doing in a few short years, likely before then

[fathertime]

Take a good look, this is what the US will be doing in a few short years, likely before then

I've heard this before....


Ron Paul agrees with you:
http://www.youtube.com/watch?t=157&v=2UCSxN_UJYA


Fathertime!