At my shop in the Okanagan, I've been running into skilled Alberta people looking for work. That never happened before.
Proven oil reserves in the world: >1.7 trillion barrels.
The market value of that oil declined by $100/barrel in the last18 months.
$170 trillion US$ that people were borrowing and lending on has disappeared.
Wikipedia: GDP of the world economy in 2014 = $77 trillion.
The lesser is moved by the greater. This has got to matter.
And from Zero Hedge: "Dallas Fed Quietly Suspends Energy Mark-To-Market On Default Contagion Fears".