Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 8211. (Read 26710675 times)

Once you consider the dependence of the Saudi economy on oil production, the best complete measure of Aramco’s overheads is probably the price at which the country’s budget breaks even — and that’s a whopping $83.60 a barrel, which we haven't seen in more than five years. Russia’s fiscal breakeven is around half that at $42 a barrel, and after sharp improvements in recent years, commercial producers in America’s Permian basin are around the same level.

Of course, at current prices everyone’s losing. Brent dropped as low as $31 a barrel Monday, and should a prolonged price war set in, it could go lower still. That’s where we have to start thinking about all three players’ ability to endure pain.

Riyadh’s race-to-the-bottom strategy only worked in 1985 because it was the lowest-cost producer. Now, its bloated budget means that it’s one of the highest-cost and shakiest players. It remains embroiled in a costly and brutal military quagmire in Yemen, and on Friday arrested senior royals on the grounds they were plotting a coup.

More than four years after Prince Mohammed Bin Salman began the economic reforms that were intended to diversify the economy’s dependence on crude, the prospect of prices ever returning to fiscal breakeven levels looks even more remote. Even Saudi Aramco shares are now trading below their offer price.

Countries embarking on wars often expect they’ll be over in a few months, only to discover their opponents were stronger than they thought. Should this turn into a prolonged fight, Moscow is unlikely to be the first player to fold.

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Please note the logarithmic scale.

Now someone explain me:

• What's wrong with Italy? (More death than any other countries, considering Positives: i.e. fatality rate?
• What's wrong with Germany (Positives in line with other countries, no deaths)
• What's wrong with US/UK (Very few death considering the positives)

Fatality Rate computed for your convenience:





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Spanish Coronavirus Cases Jump to 999 from 589: Health Ministry
By Rodrigo Orihuela
(Bloomberg) -- Reported cases of coronavirus jumped to 999 as of Monday, up from 589 on March 8, according to the health ministry.
The main epicenters of the outbreak in Spain are the capital Madrid and the northern region of the Basque country, according to health ministry official Fernando Simon

https://www.cnbc.com/2020/03/09/coronavirus-latest-updates-china-skorea-impact-on-markets-and-economy.html

"Following the discharge of most patients, 11 of the 14 makeshift hospitals in Wuhan that were built for treatment of the new coronavirus have closed"

COVBULL-19 is fizzling out in China. Spring is here in a few days, and this little flu bug is running out of nursing home patients to take out. There are only so many 90 year olds with diabetes, high blood pressure, an respiratory problems, for this thing to take out.

Everyone will look back in a few years and marvel out how nocoiners freaked out about toilet paper.

ok

now we have real problems

pornhubs down

ok

now we have real problems

pornhubs down

Bitcoin still up about 8 percent since Coronavirus became a global news story on Dec. 31. Gold up a tiny bit more since then, and of course stocks down a lot since then.

Safe haven narrative isn't going anywhere.

Best part is when daddy finally runs and abandons his family.
Instant divorce reason, imho.

I read some opinion on titter today, that the dumps are caused by miners to buy rigs in advance to the halvening.
Would make quite some sense.