Reports that the Dallas Fed has requested banks to go easy on shale oil debtors and avoid ‘mark to market’ pricing of loans is bad enough but it is now apparent that for some of lower grades (high sulphur) such as North Dakota Sour producers are not only being asked to give the oil away…

The previous story we republished from Zero Hedge alerts to the possibility that debts in the oil shale industry in the US are about to explode and that marking to market the value of these debts is to be avoided, thereby fooling the market as to values. This is a development of this story Leading…

Assuming this story is true (and I have absolutely NO reason to doubt the integrity of Zerohedge.com) then what we are witnessing is the last decietful stand to avoid the coming rout in the US Shale Oil industry where bollions of debt has been incurred by shale oil frackers but more pressingly on top of…

As we’ve been warning for quite a while (too long for my taste): the world’s grand experiment with debt has come to an end. And it’s now unraveling.Just in the two weeks since the s Source: The Deflation Monster Has Arrived | Peak Prosperity

Leading news site for global finance, economics, market, and political analysis. Source: Black Friday | Zero Hedge