A friend just told me there is $600 billion in energy BBB rated debt. And $2 trillion in BBB minus. Might energy debt be the catalyst for a crisis after all?
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Energy is like 10% of BBB universe.
Apperently the MBS market of 08 was also this size ish.
But oil =! Banking. So I don't expect a run on the banks.
Consumer spending in Texas prop won't increase go if the price stays at 30 USD and employment takes a hit.
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Most of the fracking loans are due soon
I wonder if there is someone....who intentionally have targeted this achilles heal.....
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