, Columnist
Energy Debt Fuels Broader Malaise
The carnage could be just the start as central banks grapple with economic funk.
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This will most likely go down as the year of the Great Energy Debt Crisis, a spiral that exacerbated an economic funk that roiled the world.
Companies are starting to go bankrupt. Banks are preparing for losses tied to oil and gas loans. And bond markets have all but closed to energy companies, especially the lowest-ranked ones.