Peak What? Christmastime in Hell? Part 1

Summary

• A multi part examination of the interrelationship of Oil, Energy, Commodities, BRIC's, Emerging Markets.  
• Bonds, Dollar Denominated Debt, Forex Reserves, Reverse Repo, Dollar Swaps, HQLA, Monetary Aggregates, Market Liquidity.
• Syndicated Lending, CDO's, CLO's, Carry Trades, Leveraged Loans, Offshore Dollar Banking and Off Balance Sheet Obligations.

In Part 1, we examine:

• Pre and Post Lehman Brothers Failure
• Indicators of Market Liquidity
• LIBOR, Eurodollar, TED Spread, COTS

While Dancing with the Devil, we touched upon how oil producing nations are dependent upon oil revenues to balance their budgets and how oil related debt could cause market stress.  While taking a magical mystery tour through the land of Oz, we noted in Parts 1, 2, 3, 4, 5, and 6  how amongst other things, central bank narrative, policies and dollar hegemony could effect energy producing and emerging market economies.

Before we jump into a veritable plethora of related topics, we need to review some fundamentals in the context of recent history to better understand the how, who, what, where and why. So, get ready for a real go round and hopefully we won't wind up having a real Christmastime in Hell.

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