Hi guys.
I've put a few of my opinions on shale in this post on the SXY threads. Most is what I've discussed before but it contains a little more on the subject of the threat that US junk bonds represent to all markets going forward. In my opinion that threat is becoming real and present with CCC (or below) junk just starting to trade on a 15% yield.
Eshmun
http://hotcopper.com.au/threads/love-hate.2643165/page-74?post_id=16500262#.VljwX_-hftQ
US shale oil hitting the skids, page-90
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