Oil prices could fall below zero

Box Ox

Well-Known Member
The can just keeps getting kicked down the road but eventually the piper will be paid.

Might be out of my own ignorance but I'm starting to get a little bit worried about whether or not I'll be able to count on the future growth of my retirement accounts. It's not just national debt that's a problem. Corporations are super loaded with it and so are former students. It's been easy money for the last several years. And that's kind of been brought to the forefront with this shutdown.


The Next Coronavirus Financial Crisis: Record Piles of Risky Corporate Debt

"Years of low interest rates and easy credit have allowed companies across the board to borrow big, building a record $10 trillion mountain of debt. Lenders expect the vast majority of that money to be repaid on time.

The epicenter of risk involves a subset of that total: $1.2 trillion in leveraged loans, junk-rated debt secured by corporate assets much like mortgages are backed by homes. The market has exploded, ballooning by almost 50%—or $400 billion—since the start of 2015, as investors desperate for the high interest payments these loans provided threw cash at borrowers.

Private-equity firms fueled a lot of the growth, borrowing billions at a time to buy brand names including Dell Technologies and Staples Inc. Smaller but relatively stable public companies like car supplier American Axle & Manufacturing Holdings and electrical supply maker Atkore International Group Inc. also took out leveraged loans to fund share buybacks and acquisitions."
 

DriveInDriveOut

Inordinately Right
Might be out of my own ignorance but I'm starting to get a little bit worried about whether or not I'll be able to count on the future growth of my retirement accounts. It's not just national debt that's a problem. Corporations are super loaded with it and so are former students. It's been easy money for the last several years. And that's kind of been brought to the forefront with this shutdown.


The Next Coronavirus Financial Crisis: Record Piles of Risky Corporate Debt

"Years of low interest rates and easy credit have allowed companies across the board to borrow big, building a record $10 trillion mountain of debt. Lenders expect the vast majority of that money to be repaid on time.

The epicenter of risk involves a subset of that total: $1.2 trillion in leveraged loans, junk-rated debt secured by corporate assets much like mortgages are backed by homes. The market has exploded, ballooning by almost 50%—or $400 billion—since the start of 2015, as investors desperate for the high interest payments these loans provided threw cash at borrowers.

Private-equity firms fueled a lot of the growth, borrowing billions at a time to buy brand names including Dell Technologies and Staples Inc. Smaller but relatively stable public companies like car supplier American Axle & Manufacturing Holdings and electrical supply maker Atkore International Group Inc. also took out leveraged loans to fund share buybacks and acquisitions."
Relax, the government has never seen a bailout they don't like. What could go wrong?
 

Babagounj

Strength through joy
Will they bring back Cash for Clunkers ?
To jump start the auto industry ?
My SUV is a 2002 and my truck is a 2008, I've been think of getting something newer.
 

detmaintainer

Detroit Maintenance Rat
The can just keeps getting kicked down the road but eventually the piper will be paid.

It never got paid when Germany lost world war 2. Their currency was hyper-inflated beyond belief. Yes they paid reparations that had nothing to do with their monetary policy. They took a reset and look at them know. The current capitalist system can't survive the next 50 years. No matter how much we don't like it socialism will come. Wealth is being concentrated in too few owners and automation/tecnology will make work for most a thing of the past. If you try to make Indias and Chinas standard of living like the U.S. the world will be depleted and burned up. Just think of the consumption of raw materials that would cause.
 

BrownFlush

Woke Racist Reigning Ban King
Might be out of my own ignorance but I'm starting to get a little bit worried about whether or not I'll be able to count on the future growth of my retirement accounts. It's not just national debt that's a problem. Corporations are super loaded with it and so are former students. It's been easy money for the last several years. And that's kind of been brought to the forefront with this shutdown.


The Next Coronavirus Financial Crisis: Record Piles of Risky Corporate Debt

"Years of low interest rates and easy credit have allowed companies across the board to borrow big, building a record $10 trillion mountain of debt. Lenders expect the vast majority of that money to be repaid on time.

The epicenter of risk involves a subset of that total: $1.2 trillion in leveraged loans, junk-rated debt secured by corporate assets much like mortgages are backed by homes. The market has exploded, ballooning by almost 50%—or $400 billion—since the start of 2015, as investors desperate for the high interest payments these loans provided threw cash at borrowers.

Private-equity firms fueled a lot of the growth, borrowing billions at a time to buy brand names including Dell Technologies and Staples Inc. Smaller but relatively stable public companies like car supplier American Axle & Manufacturing Holdings and electrical supply maker Atkore International Group Inc. also took out leveraged loans to fund share buybacks and acquisitions."
Answer: China
 

rod

Retired 22 years
I heard on the news today that there are places in the US where gas is below a buck a gallon but in California its STILL 3-4 bucks a gallon.
 
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