As if the virus isnt worst enough to deal the world a fatal blow, here comes the proverbial line "nail on the coffin" that sets the global economy tumbling to the abyss. Whether we're gonna recover...GOD HELP US!

Oil Futures in last night trading crash-dived to the lowest never experienced since 1946, the last time oil was under 10 dollars a barrel. It looks like its a prelude to the "everything bubble" Mike Mahoney calls it.

Actually, the crash was triggered by the CVirus which sent almost all countries infected with it, to initiate quarantines and lockdown on almost all economic activities. Of course, the curtailment of movements of people and business activities impacted on oil consumption. 

With less demand, supply's got to suffer. This glut in the market is nowhere to be stored. This is the problem that precipitated the crash. I have known that shutting down production is much costlier than continuing, Besides, too many people are dependent on their living on oil, Hence, the lesser evil to keep pumping. The end result was oil nosedived to -40$ per barrel. 

What are its ramifications? I think your guess is as good as mine.  I however warn anyone to protect their wealth because of this impending catastrophic meltdown. I believe we are gonna go back to the time when everything was simple then. 

But it seems i gonna like it better,,,,SIMPLE LIFE!