It’s Different this Time?
NEVER
Analysts: 2019 Oil Demand Growth Could Be Lowest In Years
While OPEC and Russia are busy calibrating a possible extension to their production cuts, analysts and traders have turned their attention away from oil supply concerns and are focused again on faltering economic growth and a downbeat outlook on oil demand growth.
DYI: Anyone who believes that the
business cycle has been repealed by some government edict or has been
subjugated to nonexistence through masterful strokes of genius at the Federal
Reserve all have been proven wrong.
What
we have today is another debt laden economy ready to pop once again. The FIRE economy [Finance, Insurance, and
Real Estate] has been driven to insane levels making it impossible for old
school pensions or 401k type of plans to fashion any possible reasonable returns
to fashion a retirement with any possible degree of certainty. Insurance is suffering the same fate with interest
rates so low [and zero projected stock returns] premiums have leaped locking
out working class or lower middle class from insurance protection. Real estate whether rental or purchasing is
so high many Millennials [along with the newly minted Cyber generation] are
locked out of household formation remaining living with their parents. Add on criminal behavior of the medical
industrial complex AND the student loan debacle you end up with a consumption
and investment capital starved economy.
Once
again we’re coming to another reset moment when the debt is too great and the
house of cards come tumbling down. This
is not just happening here in the States but world wide and has lowered the
price of oil to reflect reduced world wide economic growth. When the increase in debt stalls and then
rolls over in decline we will once again be in recession. Be prepared.
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