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.
What is going on in this glorious housing market of ours?
“We are not panicking” – bank CEO.
The industry is drunk with its own enthusiasm.
And VCs are trying to bail out while they still can.
Betting against mathematical odds has won every time so far.
The “most reliable profit driver” has “abruptly turned sour.”
But the oil-price crash was supposed to goose consumer spending.
The toxic mix of financial engineering and an oil-price collapse.