This Chart Shows Which Countries Get Mauled the Worst by the Oil Bust by Wolf Richter • Dec 9, 2014 • Comments Off on This Chart Shows Which Countries Get Mauled the Worst by the Oil Bust Oil busts can exact a terrible price, even in the American oil patch.
“Yes, it Was a Brutal Week for the Oil & Gas Loan Sector” by Wolf Richter • Dec 8, 2014 • Comments Off on “Yes, it Was a Brutal Week for the Oil & Gas Loan Sector” Junk debt explodes. Yields go exponential. Offshore drillers hit the worst.
Treasury Warns Congress (and Investors): This Financial Creature Could Sink the System by Wolf Richter • Dec 8, 2014 • 13 Comments Among those who’ll get to eat the losses: unsuspecting retail investors.
Oil and Gas Bloodbath Spreads to Junk Bonds, Leveraged Loans. Defaults Next by Wolf Richter • Dec 7, 2014 • 11 Comments Revenues, earnings plunge. Liquidity dries up. Stocks eviscerated.
S&P Wakes Up, Cuts Italy to One Notch Above Junk, Economy Sinks into Terrific Mess by Wolf Richter • Dec 5, 2014 • 3 Comments But no worries, the ECB’s desperate backdoor bailout keeps Italy afloat.
So the Japanese Government Bond Market Is Dead. And the Yen? by Wolf Richter • Dec 4, 2014 • 12 Comments In two years, 37% of Japan’s yen-denominated wealth has gone up in smoke.
Dreadful Chart of Russian Ruble vs Probability of Default by Wolf Richter • Dec 3, 2014 • 5 Comments The plunge in the price of oil and the impact of the sanctions are ransacking the Russian economy and finances.
Corporate Bond Bubble Comes Unglued at the Bottom, Investors Begin to Bleed by Wolf Richter • Dec 3, 2014 • 1 Comment A desperate feeding frenzy takes its course.
US Debt Jumps $181 billion in Two Months, hits $18 Trillion by Wolf Richter • Dec 2, 2014 • 8 Comments But hey, the volcano hasn’t erupted yet. So let’s just party on.
Oil War Pushes Venezuela Over Brink, Probability of Default Soars to 84% by Wolf Richter • Dec 2, 2014 • 5 Comments Out-of-money date is April. Fears that chaos will “lead to barbarity and people looting.”
