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Ted Murphy

So how do we invest in this index? Assuming we believe that the drop is caused by temporary hoarding of oil?

DCM

Are the letters of credit issueing again?

The Index is not a cause, it is an effect. Moreover, as this continues, pileup of goods is causing shippers to back fill the supply line causing massive dislocation and shut downs...collateral damage to the credit freeze.

What we really need is a world credit index based on credit availability and not a fictitious credit rate.

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