Moody's Just Put Over Half A Trillion Dollars In Energy Debt On Downgrade Review

Moody's Just Put Over Half A Trillion Dollars In Energy Debt On Downgrade Review

One week ago, in the aftermath of the dramatic downgrade to junk of Asian commodity giant Noble Group, we showed readers the list of potential "fallen angel" companies, those "investment "grade companies (such as Freeport McMoRan whose CDS trades at near-default levels) who are about to be badly junked, focusing on the 18 or so US energy companies that are about to lose their investment grade rating.

Lottery Winner Murdered At Home By Masked Raiders

A young winner of the Georgia state lottery has been murdered at his home by armed robbers looking for his cash. Craigory Burch Jr, 20, was shot dead at his home by a gang of masked raiders after offering them his wallet and pleading for his life in front of his girlfriend and kids. Burch Jr had scooped almost half a million dollars in November’s Fatasy5 draw. The Mirror reports: On Thursday night, armed raiders broken into Burch’s home, where he was with his girlfriend and children, WALB reported.

Attention Finally Turns To Saudi Arabia's "Secret" US Treasury Holdings

Attention Finally Turns To Saudi Arabia's "Secret" US Treasury Holdings

In November of 2014, we announced the quiet death of the petrodollar.

The system which underwrote decades of dollar dominance and kept a perpetual bid under USD assets met an untimely demise when the Saudis moved to bankrupt the US shale complex by deliberately suppressing oil prices.

The implications, we said, would be far-reaching.

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