At 1600bps, the extra yield investors are demanding to take on US energy credit risk has never been higher. However, if a new report from Deloitte proves true, this is far from enough as they forecast roughly a third of oil producers are at high risk of slipping into bankruptcy this year as low commodity prices crimp their access to cash and ability to cut debt.

Record high US Energy credit risk...

The Russian air force regularly monitors Luftwaffe Tornados conducting reconnaissance in Syrian airspace, according to a Lieutenant-General of the German Air Force, saying that both sides act professionally to prevent incidents. Russia Today reports: Russian pilots take no aggressive actions towards their German colleagues, such as intercepting them or attempting to force them out of the operations area, Joachim Wundrak told Rheinische Post daily.

A 50-year-old man from Illinois who was diagnosed with “incurable inoperable” lung and pericardial heart sac cancer, was told by his doctors he had about a year to live with the aid of chemotherapy. Darren Miller began looking desperately for a cure beyond chemotherapy, which left him with “blisters on his mouth, blood hands and feet” according to his Facebook page. Then he found and decided to supplement the treatments with cannabis oil. Activist post reports: As you may or may not know, the survival rate of lung cancer is incredibly grim.

Kenneth Pollack and Barbara Walter make an especially absurd claim in an op-ed this morning:

Submitted by Lance Roberts via RealInvestmentAdvice.com,

Individuals are consistently promised that investing in the financial markets is the only way to financial success. After all, it’s so easy. Financial pundits across the country state the one simply buys a basket of mutual funds and they will make 8, 10 or 12% a year.

On a nominal basis, it is true that if one bought an index and held it for 20-years, they would have made money. Unfortunately, for most, it has not worked out that way.