Bloomberg Connects the First Two Dots!

In “Fed Bubble Bursts in $550 Billion of Enerby Debt: Credit Markets,” Bloomber writers Christine Idzelis and Craig Torres connect the first two dots of the fading oil “boom”: cheap money from the Fed and the borrowing that fueled exploration and production. For those who want to read the article: http://www.bloomberg.com/news/2014-12-11/fed-bubble-bursts-in-550-billion-of-energy-debt-credit-markets.html.

For those who want the rest of the dots connected, see SLL’s Oil Ushers in the Depression, and Oil Economics, Part 2.

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