Blackout, When it Finally Rains in San Francisco by Wolf Richter • Dec 11, 2014 • 11 Comments My thoughts when the high-tech city just about shut down.
Eurozone Comes Back to Reality With a Crash by Don Quijones • Dec 11, 2014 • 2 Comments Any lingering hopes that the debt crisis was put to rest are brutally dashed. Investors are bailing out: Greek stocks down 20% in three days.
Avoid This “Hideously Expensive” Market by Bill Bonner • Dec 10, 2014 • Comments Off on Avoid This “Hideously Expensive” Market Driven by central bankers who are “wiser than God.” But it might get even more hideous before this story ends.
Retailer’s Subprime Explodes, Shares Crash 40%, Junk Bonds Fall into “Price Discovery” by Wolf Richter • Dec 10, 2014 • 4 Comments Subprime is merciless when it strikes back.
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.
Norway May Need to Build Post-Oil Economy Pronto by Oilprice.com • Dec 8, 2014 • 1 Comment New oil projects get scrapped amid falling production and plunging prices.
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.
Canada’s LNG Export Dreams Go to Heck by Oilprice.com • Dec 6, 2014 • 1 Comment Done in by the plunging price of oil.
