The US Geological Survey said Tuesday that it found what could be the largest deposit of untapped oil ever discovered in America. Based on a West Texas Intermediate crude oil price of $45 per barrel, those deposits are worth about $900 billion. Source: Business Insider
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Speaking in an interview in the February issue of “Gold Investor” — a magazine issued by the World Gold Council, Greenspan argued that imbalances in the economic strength of eurozone nations make the continued function of the single currency area a major concern. Source: Business Insider
Household debt in the U.S. totals a staggering $12.58 trillion, a level not seen since 2008, according to the New York Federal Reserve’s quarterly report released Thursday. The figure represents a $226 billion increase in household debt for the fourth quarter, the largest quarterly increase since 2013. Source: CNBC
The auto delinquency rate — or the rate of car buyers who were unable make loan payments on time — rose 13.4% year over year to 1.44% in Q4, TransUnion’s latest Industry Insights Report said. In the last three months of 2009 the delinquency rate was 1.59%. Source: Investor’s Business Daily