Whiting Petroleum Corp. (NYSE:WLL), the largest oil producer in North Dakota, has announced that it will suspend all fracking in the state and cut its budget for this year by 80 percent in a move that sent its shares up 9 percent on Wednesday, back down to a record low on Thursday, and $4.02 Friday morning.

More Evidence That CalPERS Board (and Staff?) Does Not Understand Finance

Another foot-in-mouth moment at CalPERS, this time by the president of the board, Robert Feckner.

Wolf Richter: Sudden Death? Junk-Rated Companies Headed for Biggest “Refinancing Cliff” Ever – Moody’s

A refinancing bulge is coming awfully soon.

Has the Crash of the Global Financial Markets Begun?

Is “crash” the right word to describe the Mr. Market’s rattled nerves?

Satyajit Das: Age of Stagnation or Something Worse?

In The Age of Stagnation, author Satyajit Das has shifted from his usual wry detachment to a sense of foreboding.

Dean Baker Exposes How CBO Cooks Inflation Forecasts to Promote Deficit Scaremongering

Yet more funny forecasts from the CBO telling you why you can’t have nice things, like a better job market.

Wolf Richter: What the Heck is Going on in the Stock Market?

Even Moody’s which is always late to the party with its warnings – but when it does warn, it’s a good idea to pay attention – finally warned: “Don’t fall into the trap of believing all is well outside of oil & gas.”