„Visa Europe highlighted the significance of bitcoin and the blockchain as part of a retrospective on the past year in payments this week, suggesting that traditional finance will soon adopt the technology.“ „2015 has turned blockchain into something the industry has to live with. It is no longer a choice anymore. Recent news speculating about the identity of…
Via the FINANCIAL EXPRESS: „Big banks are investing in R&D on blockchain – the distributed consensus ledger technology that powers Bitcoin. Application of decentralized ledgers for purposes other than digital currencies is commonly referred to as “Bitcoin 2.0” (or sometimes more generally “crypto 2.0”). Distributed ledger technology can potentially revolutionize the way capital markets clear…
„The US E&P sector could be on the cusp of massive defaults and bankruptcies so staggering they pose a serious threat to the US economy. Without higher oil and gas prices — which few experts foresee in the near future — an over-leveraged, under-hedged US E&P industry faces a truly grim 2016. How bad could…
„However, the House of Saud has little choice but to keep pumping oil to pay for its wars and keep the internal peace. Yet more production drives down prices even further. And once the sanctions come off Iran, the oil glut will become worse. While it’s still immensely wealthy, there are lots of bills coming…
„We are heading straight into a massive deflationary inventory liquidation with mass defaults across the globe. This is what a negative SWAP spread is really telling us.“ Read More
„With Brent crude slumping below $45 a barrel from $115 1 1/2-years ago, Norway’s offshore fleet, the world’s second biggest after the U.S., of seismic surveyors, drilling rigs and supply ships is being hit by a drought of new contracts and a plunge in rates as oil explorers slash investments and put off drilling.“ Read…
Zero Hedge: So what’s the takeaway besides the fact that Brazil is, for lack of a better word, screwed (because we already knew that)? Well remember, Brazil is representative of the problems facing EM as a whole. Slumping commodity prices, currency carnage, FX pass through inflation, sensitivity to decelerating Chinese demand and to Beijing’s yuan…
“A de-peg of the Saudi riyal is our number one ‘black-swan’ event for oil in 2016,” said Bank of America Read More
