What ratings agency Fitch and the Bank of Canada had warned about has come to pass.
Oil companies are dead-serious about slashing costs. A matter of survival.
It’s done “for ease of comparison,” the government says.
Instead of a home, let them buy toxic, rent-based, synthetic structured securities.
The “spillover effects” of overbroad anti-terror legislation.
Oil bust, sins committed & false promises made in good times sink Kern Country.
Alaska gets 90% of its budget from oil taxes, and now that budget is $3.5 billion short.
Financial engineering can only do so much.
The German connection.
A sense of unwelcome reality hits non-energy junk-rated companies.
The “Syriza Shock” – beginning of the end of unimpeded rule by elitist apparatchiks who dominate central banks and the economic policy machinery.
How is it possible for the average American to get poorer at a time that should have been the most productive and prosperous ever?
Time and money are running out for junk-rated energy companies.
Overriding dilemma: “Debts that can’t be repaid, won’t be repaid.”
Who gets the crumbs in the ironically named “sharing economy”?
Germany had a self-inflicted bad-hair day, you’d think. With a hilarious cartoon.
It signals the oil shock on the economy will be a lot worse than anyone expected.
Soaring US crude oil inventories.
The ECB’s QE is fraudulent credit – really dangerous, toxic stuff.
BHP Billiton, perhaps unwittingly, explains the irony: despite oil glut, collapsed prices, layoffs… US oil production will continue to soar.
It sends users’ personal private data to corporate data gatherers.
The Atlanta Fed begins to fret.
Unprecedented since the return of democracy.
“Social cohesion is at risk.”
A watertight means for multinational corporations to trump national legislatures.
They don’t want to be the next Cyprus.
Yet, it’s just the beginning of the Great American Oil Bust.
Years of wondrous Wall-Street engineering dissolve in reality.
One of Argentina’s most vibrant industries on the verge of ruin.
French Megabank: the ECB is “a prisoner of financial markets’ expectations.”