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Why falling oil prices are now a net drag on the U.S. economyPresident Donald Trump touts falling oil prices as a boon to U.S. consumers. That’s true, but economists say the shale revolution, which has transformed the U.S. back into a major oil producer, means that declining crude prices are now a small headwind for the economy thanks to the impact on capital spending by shale producers.
Source: MarketWatch - 🏆 3. / 97 Read more »
Here’s why falling oil prices are now a net drag on the U.S. economyThanks to the shale revolution, plunging oil prices are a drag on U.S. economic growth, but the hit is uneven, notes one economist. Not How can you say falling oil prices are NOT good for the economy? It means less money being spent on oil over seas. That extra money is being spent at home. You are FakeNews The price of a gallon of gas goes up and oil companys make millions, the price of a gallon of milk goes up and farmers make nothing, not caring if the oil companies or investors get hurt.
Source: MarketWatch - 🏆 3. / 97 Read more »
Why Goldman’s commodities chief thinks oil will rise 10% plus this yearOur call of the day takes a gander at some assets that may be a bit overlooked right now, as investors keep a hard focus on stocks. Goldman’s top commodities researcher offers fresh insight into big commodities in our call of the day. Pump&dump
Source: MarketWatch - 🏆 3. / 97 Read more »