The shale industry has relied heavily on debt to finance its growth, with E&P companies raising about $300bn from bond issuance over the past 10 years. As crude prices started to slide last October, that source of capital was choked off. https://www.ft.com/content/0a18f0b0-1eab-11e9-b126-46fc3ad87c65 …
China’s Corp Debt has increased >100,000% in less than 20 years. But this is not just a China problem, it’s global, and not just in corp debt. When this implodes, central banks will print and #Gold and #Silver will explode higher. h/t @mike_maloney
Pretty stark chart from JPMorgan. The US stock market has grown by $13.7tn since the end of the financial crisis, helped in large part by nearly $5 TRILLION of buybacks. That’s bigger than the Fed’s entire QE programme.
India- 11 million #jobs#lost in 2018 https://bit.ly/2CVrhya
