Wall street having trouble getting rid of a pile of bad loans?

Now where have I heard that before?

Yes just before the last GFC!

Some people never ever learn the lessons of history do they?

One would've thought the prudent would have given a new round of similarly financed derivatives, a miss this time?

I mean we found out to our chagrin; that house prices can and do fall! Ditto massively overpriced energy stocks!

Perhaps if Wall Street focused on investing in tangibles, like say, new nuts and bolts thorium reactors that pump out absolutely essential energy to a captive market, the results for some could have been quite different.

Ditto an economy tying to stagger upright, having just picked itself off of the floor!
Rhrosty.

I read another article in this vein recently.
A lot of the financing has used products like the CDS, Credit Default Swaps
of US housing crash fame.
The writer suggested it had all the odour of the housing crash.
The opinion does seem to be that prices will start rising in the second
half of this year. However around the same time production will start falling.
Due to the need to keep drilling just to keep output constant the
fall in rig count of 40 % last month and probably 50% this month just
means that a substantial fall in US oil production is almost certain.
If the financiers refuse to get involved again then the collapse
will be very significant.

The debt linked from oil and gas has gone from one trillion dollars in 2006 to $2.5 trillion today. With oil prices at $47.50, a major part of that is underwater. Conventional oil peaked around 2006, the shale Ponzi scheme has been exposed.

Expect prices to dramatically increase in the not too distant future, but only if the global economy manages to maintain momentum.

The global economy is also basically bankrupt with debts, particularly derivatives out of control ($600 Trillion).

Hold on its going to get rough!

Indeed Geoff. I just listened to an advert on oilprice.com.
I thought it was a oil industry info site previously, but this advert
is pushing investing in Bakken & Texas tight gas & oil wells and how
you can make $Millions.

It is completely opposite of most articles that they publish.
Someone must be getting desperate.