Crude Breaks Through An Asian Sea Of Red To 27 Month High

Todo a punto para una crisis mucho peor que la asiática de los 90.
Y mientras por aquí siguen hablando de recuperación sin entender absolutamente nada.
Crude Breaks ThroughAnAsian Sea Of Red To 27 MonthHigh
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UPDATE 2: INR at 68.00 (-3.25% – biggest single-daydropsinceSept 1995) and WTI Crude at $112.00 — BNPParibasCuts India FY14 GDPEst. to 3.7% From 5.2%) — *INDIA RUPEE DROPS 19.2% THIS YEAR, SET FOR WORST LOSS SINCE ’91

UPDATE 1: Indian Rupee has blasted through 67.00 (down 1.75% on the day against the USD) to another new all-time low – a 15% devaluationinthelast 21 tradingdays!!!

Is it any wonder the Indian government is imposing gold capital controls? Gold in Rupees is surging back to near all-time highs…

World FX, Bond, and equity markets are a sea of red tonight as the plunge in the US markets’ day-session extends into AsiaPac. Led by the Philippines (downanotherstunning 5.4% tonight), equity markets in Thailand, India, and Japan are all struggling hard. Not to be outdone, bond spreads in the usual suspects of Indonesia, Thailand, India, and Taiwan are cracking wider. Most of the FX pressure is being focused tonight on Indonesia as the Rupiahcollapsesanother 1.4% (even as theIndianRupeeopensat 66.90 – a new all-time low). Modest JPY weakness is providing a small lift carry-wise to US futures (Treasuries are unch, gold and silver are modestly higher from the US close) but it is the oil complex that is getting smashed higher. WTIlasttraded $111.59 (itshighestsinceMay 2011) andBrentjustbroke $117 (the latter typically more critical for US gas prices)..

Asian Equity Markets are a sea of red…

with the Nikkei 225 down 600 points from its highs on Friday… (and 97.00 JPY appears to be the line in the sand that is being defended tononight – must watch!)

and Philippines Stocks are down over 16% in the last 10 days…

As crude prices just get greener and greener…

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