Crude Last Six Months

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Credit Implosion Coming Up

A lot of leveraged drillers and crude suppliers dependent on prices above $50 will see a credit implosion.

That's just a start.

A Supply Shock and a Demand Shock are Coming Up.

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Deflationary Outcome

As noted previously, a Very Deflationary Outcome Has Begun.

Blame the Fed.

Deflation is not really about prices. It's about the value of debt on the books of banks that cannot be paid back by zombie corporations and individuals.

See the previous link for discussion.

Mike "Mish" Shedlock

Crude Dives to $30, a Whopping $20 Below Cost of Production

Crude futures opened down a massive 31% today. Prices have recovered a bit, but price is well below cost of production.

Yet Another Plunge in Crude: Down 7 Straight Weeks and Negative from Year Ago

Crude is down nearly another 7% today. It's down 33% since the September high and 13.5% from a year ago.

Crude Down Record 11th Day

Crude is down 22% since the early October high. Comments from Trump negated expectations that OPEC would cut production.

Energy Bloodbath Continues: Five Reasons Why Crude is Plunging

The price of Crude fell another 7% today. It's down 28% since October 3. What's going on?

Next Up: Global Synchronized Easing

Global economic tightening is a pipe dream. It hasn't happened yet, and likely won't.

Eight-Year Positive Cycle for Gold Starting Now

McClellan Financial says an eight-year cycle for gold is about to start and the next five years will likely be good ones

Consumer Credit Up 3.1%, Revolving Credit Unexpectedly Declines

After a blistering May, revolving credit fell 0.2% in June as overall credit continued its upward march.

Junk Bond Bubble in Pictures: Deflation Up Next

The widely discussed "everything bubble" is, in reality, a corporate junk bond bubble on steroids sponsored by the Fed.

Consumer Credit +7.5%, Revolving Credit +11.5%, Non-Revolving +6.25% YoY

Year-over-year expansion of consumer credit continues unabated. It's the only way people can "afford" to buy things.