We must learn who is gold, and who is gold plated
-
US Industrial Downturn: What If Oil and Inventory Join It?
Revised estimates from the Federal Reserve are beginning to suggest another area for concern in the US economy. There hadn’t really been all that much supply side capex activity taking place to begin with. Despite the idea of an economic boom in 2017, businesses across the whole economy just hadn’t been building like there was one nor in anticipation of one. The only place where there was a truly robust trend was the oil patch. Since the last crash a few years ago, Euro$ #3, the oil sector rebounded and quickly. Leading the way was WTI up from its chaotic low point in February 2016. It’s arguable where the ... (full story)