$550 Billion Energy Junk Bond Bubble Busts; "Whac-A-Mole" Distortions in Multiple Markets
MishTalk
DECEMBER 11, 2014
Energy production is extremely capital intense, and often accompanied by negative free cash flow. The Fed is responsible of course, by holding interest rates at record lows, stimulating all sorts of speculative investments. CJES), postponed financings this month as sentiment soured. Junk bonds of Energy XXI Ltd.
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