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The new wave of bad loans isn't of the same magnitude as the housing bust, but it reflects similar behaviors. Borrowers feasted on $237 billion of easy money without scrutinizing whether the loans could endure a drastic downturn.
Louisiana stands at the brink economic disaster. Without sharp and painful tax increases in the coming weeks, the government will cease to offer many of its vital services.
In the oil war, Saudi Arabia and the U.S. may both be on the losing side.
Behind the low price of a gallon of gas at the pump this summer lies a competition worth trillions of dollars and which is capable of swinging the geopolitical balance of power.