18.12.2015 - Petrodollars And Sovereign Wealth Funds
Discussion of sub-$50 crude oil on SWFs (Sovereign Wealth Funds) and the resulting reversal in flows to equity, bond, commodity, capital and asset markets. Brief discussion of ED, or "euro/dollar," liquidity. Brief discussion of the effects of a potential dollar melt up. Funded by oil revenues, mostly, it is estimated that sovereign wealth funds have amassed at least $7 trillion in assets, and quite likely significantly more than that.... That sets up a sort of petro-stock flow, operating in an almost direct manner exactly as the wrongly characterized petro-dollar is thought to...............................................Full Article: Source
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