Crude oil is $86 today.... beginning of the end?

Cars are being financed with sub prime loans. Housing sales only survived because investment companies were buying them for rentals and there are still foreclosures pending from 2008. The banks couldn't take them all at one time and they learned that letting someone live in them for free was better than having it sit empty. Don't get complacent. Prepare for the worst. The government kept the financial house of cards from collapsing with the cash infusion but all it did was put it off and the next one is going to be bad. As for the oil price plunge everyone keeps saying "The Saudi's" but if you look into it, a lot of the fracking was made possible by investment money that had no where to go and artificially made it profitable for a while but the bills are coming due.

 

Sub prime car Loans? Tesla sold 10000 cars last year starting at 80000. You don't get sub prime loans on those. My car isn't a suB prime loan. I know a few people who have bought houses. Not everyone is doing bad.

I just bought two trucks and freight is good

The cash stayed with wall street. If it was loaned out then yes, inflation would go nuts.

The oilfield is still going. The bigger companies are doing ok. The amount of lay offs versus the total number of oilfield workers is small. I have a few friends still working the oilfield

The rest of the world is slowing down so just like after world War ii we may be the last man standing

The ones suffering now are the ones that had hundreds of thousands in debt living paycheck to paycheck. Those that were living beyond their means are the ones in big trouble

 

Some more good news.

[h=1]The "Revolver Raid" Arrives: A Wave Of Shale Bankruptcies Has Just Been Unleashed[/h]http://www.zerohedge.com/news/2015-04-02/revolver-raid-arrives-wave-shale-bankruptcies-about-be-unleashed

 

Some more good news.

The "Revolver Raid" Arrives: A Wave Of Shale Bankruptcies Has Just Been Unleashed

http://www.zerohedge.com/news/2015-...es-wave-shale-bankruptcies-about-be-unleashed

 

Thanks for sharing. Also with Iran coming online it will make for interesting times, or shall I say price points in the near future.

 

I started saving as much as I could about three months ago.

 

I have a friend that works for MBI. Some nights they are out pulling weeds at the disposals.

The original post called it. I think we can call it bust.

everyone knew it would happen eventually but no one saw OPEC causing it.

It was fun while it lasted

 

More good news. http://www.bloomberg.com/news/artic...king-companies-will-be-dead-or-sold-this-year

 

Wait some time and you will see flatbed rates go down too.