Gas economies are not real economies in a bear market for oil....ya think?
You can only have your cake and eat it too for so long but with Betty Crocker as her role model Janet Yellin has concluded that if you have to cook the books it is better to have them fully baked than half baked. Are we in the midst of the Frankenbubble? Hard to say but with cash vs GAAP the boys and girls at GAO are popping kishkas. They reckon we're basically bankrupt and it's only a matter of time. No biggie. The Mother of All Cramdowns awaits and the pitchforks will be pointing in all directions.