Two black swans swim in a lake of a park in Shenyang. Photo: AFP
Pepe Escobar, Asia Times: How black swans are shaping planet panic
A case can be made that the current financial panic will only subside when the ultimate black swan – Covid-19 – is contained.
Is the planet under the spell of a pair of black swans – a Wall Street meltdown, caused by an alleged oil war between Russia and the House of Saud, plus the uncontrolled spread of Covid-19 – leading to an all-out “cross-asset pandemonium” as billed by Nomura?
Or, as German analyst Peter Spengler suggests, whatever the averted climax in the Strait of Hormuz has not brought about so far “might now come through market forces”?
Let’s start with what really happened after five hours of relatively polite discussions last Friday in Vienna. What turned into a de facto OPEC+ meltdown was quite the game-changing plot twist.
Read more ....
Commentaries, Analysis, And Editorials -- March 10, 2020
The Great Oil War of 2020 Has Begun. Can Russia Win? -- Nikolas K. Gvosdev, National Interest
Can U.S. Shale Survive The Oil Price War? -- Julianne Geiger, OilPrice.com
The Most Important Coronavirus Question -- Alex Berezow, RCW
No health emergency but virus hits politics in EU’s heart -- Lorne Cook and Samuel Petrequin, AP
What if the rest of Europe follows Italy's coronavirus fate? -- Simone Tagliapietra, The Guardian
Who will save the world from a coronavirus recession? -- Al Jazeera
AP Explains: The oil market meltdown and its global impact -- David McHugh, AP
Oil price collapse beyond any government’s control -- Christian Le Miere, Asia Times
Afghanistan plunges into a new crisis, what next? -- Shereena Qazi, Al Jazeera
Afghanistan's endless political disarray imperils US-Taliban deal -- Wesley Rahn and Waslat Hasrat-Nazimi, DW
US-Taliban deal: Can peace finally come to Afghanistan? -- Al Jazeera
The Fall Of Idlib, No Safe Place Left In Syria -- Tom Rollins, World Crunch
Is Europe on the Cusp of Another Migration Crisis? -- Adriano Bosoni & Emily Hawthorne, RCW
On American Grand Strategy -- Alex J. Beckstrand, RCD
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