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Chap. 11 Bankruptcies Spike 107% from Year Ago
Chap. 11 Bankruptcies Spike 107% from Year Ago What caused the biggest jump since the Financial Crisis? New Chapter 11 bankruptcies in the US more than doubled in December 2017 from a year ago to 699 filings. That jump of 362 filings from December 2016 was the largest year-over-year jump since the Financial Crisis. This […]
“The Retail Bubble Has Now Burst”: A Record 8,640 Stores Are Closing In 2017
“The Retail Bubble Has Now Burst”: A Record 8,640 Stores Are Closing In 2017 “Thousands of new doors opened and rents soared. This created a bubble, and like housing, that bubble has now burst.” – Richard Hayne, Urban Outfitters CEO, March 2017 The devastation in the US retail sector is […]
Chinese Bankruptcies Surge More Than 50% In Q1; Worse To Come
Chinese Bankruptcies Surge More Than 50% In Q1; Worse To Come Two months ago, when looking at the soaring number of bond issuance cancellations and postponements as calculated by BofA, we commented that it was only a matter of time before the long overdue tide of corporate defaults, held by for so many years by the Chinese […]
Oil Bankruptcies Hit Highest Level Since Crisis And There’s “More To Come”, Fed Warns
Oil Bankruptcies Hit Highest Level Since Crisis And There’s “More To Come”, Fed Warns “Two things become clear in an analysis of the financial health of US hydrocarbon production: 1) the sector is not at all homogenous, exhibiting a range of financial health; 2) some of the sector indeed looks exposed to distress [and] lifelines […]
Wall Street Losing Millions From Bad Energy Loans
Wall Street Losing Millions From Bad Energy Loans Oil companies continue to get burned by low oil prices, but the pain is bleeding over into the financial industry. Major banks are suffering huge losses from both directly backing some struggling oil companies, but also from buying high-yield debt that is now going sour. The Wall […]
Global Shale Fail: Oil Majors Leaving Fracking Fields Across Europe, Asia
Global Shale Fail: Oil Majors Leaving Fracking Fields Across Europe, Asia With some analysts predicting the global price of oil to see another drop, many oil majors have deployed their parachutes and jumped from thehydraulic fracturing (“fracking”) projects rapidly nose-diving across the world. As The Wall Street Journal recently reported, the unconvetional shale oil and gas boom is […]
Wall Street Banks Hit by Oil & Gas Defaults, Bankruptcies
Wall Street Banks Hit by Oil & Gas Defaults, Bankruptcies The fracking boom has been cash-flow negative for oil and gas drillers from the very beginning. The steep decline rates of fracked wells force producers to drill more wells just to keep production and revenues flat, even at high oil prices. They fund this drilling […]
BREAKING BAD (DEBT) – EPISODE THREE
BREAKING BAD (DEBT) – EPISODE THREE In Part One of this three part article I laid out the groundwork of how the Federal Reserve is responsible for the excessive level of debt in our society and how it has warped the thinking of the American people, while creating a tremendous level of mal-investment. In Part Two I focused on […]
