Is The World Mad? Brynjolfsson Says $15 Oil, Fed Tells Banks To Model Negative Rates

It’s a mad, mad world. Banks in Europe crumbling against familiar rumblings, this time tied to contingent contracts influenced by interest rates. The stock market, trading in a daily range on the S&P 500 from 1835 to 1865 continue to exhibit the need to flush. This comes as signs from the Fed propping up markets might be ending as the oil downtrend exhibits strong price persistence, perhaps heading to test a low near $26.50 on the March crude oil futures. The question is: how low can it go? One well known commodity player, John Brynjolfsson, makes a noticeable bear call, while talk of negative interest rates in the U.S. has markets buzzing along with banking...