Nope it is not interest rates, nope it is not Donald Trump, it is!

It is the CRUDE OIL crash, simple!

Jim Willie has good comments in the first 40 min of this pod cast.

Energy company …

– Debt is blowing up (See energy element of HYG).
– Hedging at oil $100 is coming to an end.
– Iran coming back to the market, more supply.
– Saudi still providing massive supply.
– Oil tankers holding oil parked in the ocean are coming in to harbor to unload
– US dollar strength supports lower oil prices
– World wide DEMAND slump for energy or deflation.
– More oil being sold outside the US Dollar
– The Oil futures can not be manipulated easily as folks actually request and get delivery