$550 Billion Energy Junk Bond Bubble Busts; "Whac-A-Mole" Distortions in Multiple Markets
MishTalk
DECEMBER 11, 2014
Energy investment added to GDP since 2010, with $550 billion in bond and loan offerings. Since early 2010, energy producers have raised $550 billion of new bonds and loans as the Federal Reserve held borrowing costs near zero, according to Deutsche Bank AG. CJES), postponed financings this month as sentiment soured.
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