Goldman Sachs says the only other commodity 'looking as precarious as oil' is livestock

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The forecast comes at a time when the coronavirus pandemic has prompted many countries across the globe to effectively shut down.

tumbling into negative territoryBoth major oil benchmarks have registered modest gains in recent weeks. However, Brent crude futures and U.S. West Texas Intermediate futures are still down more than 50% on the start of 2020.

As a result, Currie said that he believes the only other commodity market "looking as precarious as oil" was livestock. The restrictions, which vary but broadly include school closures, bans on public gatherings and social distancing, have forced many restaurants to close their doors.

 

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Goldman is already in the beef trade. It goes down they make money. It goes up they make money. I wonder how successful shadow banks could be without shorting and destroying businesses.

Everyone should foster a cow for now, and while they're at it, take a barrel of oil too which can be used as a coffee table.

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