Debt and Fracking at Low Oil & Gas Prices: Wave of Defaults, “Outright Liquidations” Next by Wolf Richter • Jan 25, 2015 • 3 Comments Time and money are running out for junk-rated energy companies.
Germany: ‘Got Gold?’ – Draghi: ‘Try Some Bananas’ by Wolf Richter • Jan 23, 2015 • 1 Comment Germany had a self-inflicted bad-hair day, you’d think. With a hilarious cartoon.
Why the Great American Oil Bust Will Be Long & Painful by Wolf Richter • Jan 22, 2015 • 11 Comments BHP Billiton, perhaps unwittingly, explains the irony: despite oil glut, collapsed prices, layoffs… US oil production will continue to soar.
Manufacturing Hit by Oil-Price Plunge? Southeast Worst Since Financial Crisis by Wolf Richter • Jan 21, 2015 • 10 Comments The Atlanta Fed begins to fret.
Look Who’s Dragging Down the Global Economy Though No One Is Allowed to Say it by Wolf Richter • Jan 20, 2015 • 12 Comments “Social cohesion is at risk.”
How Wall Street Drove the Oil & Gas Drilling Boom That’s Turning into a Disaster by Wolf Richter • Jan 13, 2015 • 13 Comments “We are not panicking” – bank CEO.
This Is Just the Beginning of the Great American Oil Bust by Wolf Richter • Jan 12, 2015 • 13 Comments Last time this happened, the stock market crashed. “Going to be a painful period of time,” said Texas Gov. Rick Perry.
Subprime Spikes Auto Sales, Delinquencies Soar, Industry in Total Denial, Fallout to Hit Main Street by Wolf Richter • Jan 9, 2015 • 8 Comments The industry is drunk with its own enthusiasm.
Oil-Bust Bloodletting: Projects Cancelled, Layoffs Ripple to Other Areas, Default Hits Private-Equity and Pension Funds by Wolf Richter • Jan 7, 2015 • 10 Comments The “most reliable profit driver” has “abruptly turned sour.”
Consumer Companies Issue Most Negative Guidance Ever, Despite Lower Gasoline Prices by Wolf Richter • Jan 6, 2015 • 16 Comments But the oil-price crash was supposed to goose consumer spending.
