So who is getting hit?
Oil Bust Contagion Spreads.
This trade has become blood-soaked.
Businesses get “crunched” in the Oil Patch, consumers lose it, indexes hit Financial Crisis levels.
Oil spills into the broader economy.
And it’s far from over.
At first, there was hope that only the oil patch would get hit.
Running out of cash.
Manufacturing is getting hit hard – and not just because of the oil bust.
“We don’t see the economy being as strong as portrayed in the national media.”