Time and money are running out for junk-rated companies.
US oil rig count swoons.
Germany had a self-inflicted bad-hair day, you’d think. With a hilarious cartoon.
Soaring US crude oil inventories.
BHP Billiton, perhaps unwittingly, explains the irony: despite oil glut, collapsed prices, layoffs… US oil production will continue to soar.
The Atlanta Fed begins to fret.
“Social cohesion is at risk.”
Yet, it’s just the beginning of the Great American Oil Bust.
Years of wondrous Wall-Street engineering dissolve in reality.
French Megabank: the ECB is “a prisoner of financial markets’ expectations.”