Safe haven buying in US bonds and metals signal fears that the globe is on the verge of a downward deflationary spiral.
OPEC decision to start a price war in oil is having far reaching consequences across the global economy.
A funny thing happened on the way to the OPEC meeting.
For oil this week it is all about OPEC and how they can balance the conflicting short term needs of the cartel and their long term viability.
Trilby says that if crude keeps falling than the price at the pump will keep dropping.
Short term and long term demand fears sink oil, making the charts look a little sick.
Oil prices broke hard after the Saudi-led coalition in Yemen ended its "Operation Decisive Storm" in favor of what they are calling "Operation Renewal of Hope" that will focus on trying to find a political solution to the threat from Yemen.