Bloomberg/Anna Shiryaevskaya/9-5-2022
“European energy trading is being strained by margin calls of at least $1.5 trillion, putting pressure on governments to provide more liquidity buffers, according to Norway’s Equinor ASA. Aside from fanning inflation, the biggest energy crisis in decades is sucking up capital to guarantee trades amid wild price swings.”
USAGOLD note: We would say that a $1.5 trillion margin call on an economy qualifies as a major problem. We find it odd that the reaction from Europe’s financial markets has been so subdued thus far……
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