Oil plummets 30% [today alone] as OPEC deal failure sparks price war: cnbc.com/2020/03/08/oil… by @PippaStevens13 $OIL $WTI 
There you go! Say "good-bye" to the Fed-created shale energy bubble...say "hello" to a recession or even a depression. Read thread to learn more:
Can you imagine what this energy sector default rate chart is going to look like once crude oil's plunge is factored in?
What Citigroup, Bank of America, Merrill Lynch, Wachovia, Bear Stearns, and Lehman were to the 2007-2008 crash, energy companies are to 2020 (due their exposure to the toxic shale energy bubble that has officially just imploded):
Everyone called me crazy, but look at the list of bubbles I said would cause the coming recession/depression.
China, Hong Kong, tech startups, shale are absolutely imploding. The others are next.
I wrote this warning in June 2019, pre-coronavirus: forbes.com/sites/jessecol…
China, Hong Kong, tech startups, shale are absolutely imploding. The others are next.
I wrote this warning in June 2019, pre-coronavirus: forbes.com/sites/jessecol…
We were already likely in a recession before this oil plunge.
Now, a recession is basically guaranteed because this oil plunge is going to burst the shale energy bubble that was such an important driver of U.S. economic growth & job creation. Disaster.
Now, a recession is basically guaranteed because this oil plunge is going to burst the shale energy bubble that was such an important driver of U.S. economic growth & job creation. Disaster.
I feel completely helpless right now as everything implodes.
I tried warning - I warned my heart out.
Everyone thought I was crazy and attacked me and ignored me...and now what I warned about is coming true and is just getting started!
Listen, people!!!
I tried warning - I warned my heart out.
Everyone thought I was crazy and attacked me and ignored me...and now what I warned about is coming true and is just getting started!
Listen, people!!!
This isn't about coronavirus - it's about bubbles!
The bubbles were always slated to implode one way or another.
Coronavirus is just the trigger. If it wasn't coronavirus, it would be something else.
Don't get distracted by coronavirus - focus on the core, which is bubbles.
The bubbles were always slated to implode one way or another.
Coronavirus is just the trigger. If it wasn't coronavirus, it would be something else.
Don't get distracted by coronavirus - focus on the core, which is bubbles.
The central banks are probably loving coronavirus right now.
It provides the perfect excuse and cover for them so that people don't blame them for the economic crash that is due to the bursting of the bubbles that they've created.
Brilliant!
It provides the perfect excuse and cover for them so that people don't blame them for the economic crash that is due to the bursting of the bubbles that they've created.
Brilliant!
We were already heading toward a recession at 70 miles per hour last summer, long before coronavirus came along.
Everyone who dismissed and downplayed those recession warnings is an abject fool and did a tremendous disservice to society.
Everyone who dismissed and downplayed those recession warnings is an abject fool and did a tremendous disservice to society.
We're currently experiencing the largest spike in the Volatility Index since 2008.
That's a sign that something is breaking beneath the surface - "there's been a change."
That's a sign that something is breaking beneath the surface - "there's been a change."
As I wrote last spring, the yield curve was forecasting a massive volatility surge ahead: zerohedge.com/news/2019-06-1…
Well, it's happening!
$VIX $VXX
Well, it's happening!
$VIX $VXX
