“Though it’s premature to predict impending doom for the current recovery”: Moody’s
This trade has become blood-soaked.
Balance sheet deterioration “increasingly alarming”: Goldman
A Vicious Circle.
Now spilling from junk-rated energy companies to other sectors.
It’s a good deal for everyone. Until it isn’t.
Worst one-day hit since the Financial Crisis.
All eyes are now on Chesapeake.
A year that “makes false prophets” of those who assumed there’d be no shocks.