Remember all that ‘mother of all sanctions’ stuff when the PMC was finally getting its war with Putin? Who recalls the ef Putin, eff Russia swagger and fronting off?

I do.

“ European energy companies are facing margin calls of a total of $1.5 trillion in the derivatives market and many would need policy support to cover them amid wild swings and skyrocketing gas and power prices, an executive at Norway’s energy major Equinor told Bloomberg on Tuesday. According to Helge Haugane, Equinor’s senior vice president for gas and power, the $1.5-trillion estimate is even “conservative”.

“Lehman Event” Looms For Europe As Energy Companies Face $1.5T In Margin Calls

Yessiree… the adults are back. To bad political time doesn’t keep pace with economic time. Looks like it will be to late for a course correction the current fanatics (now in the bosom of the Democratic Party) need to take to avoid this wall.

Not well thought out but ya gotta admire the unearned confidence of these Ivy league maniacs. And why not? It’s not like there’s ever any consequences for them. I don’t expect there will be for this mother if all cluster eff’s either.

Hope there’s no exposure for the US in this.

Last edited by chunkstyle; 09/08/22 05:31 AM.