https://www.macrotrends.net/1369/crude-oil-price-history-cha...We have capital.We have energy.We have labor.We have still have government. (for now)CheersQazulight
But of course investors are worried about whether earnings growth can continue in the future. Yes, the economy looks good now, but what about 6 months from now?There are many negatives. People thought the tax cut was a short term stimulus. What drives the economy after that? Meanwhile rising interest rates, inverting yield curve, trade battles pending with China, uncertainty in Europe over Brexit, and now changes in Germany (Angela Merkela retiring), and battles going on in France. Not to mention turmoil in Congress, threats to the President, and more chaos than order in the crystal ball.How do you write all that off and say it's irrelevant? That's a stretch of the imagination.
How do you write all that off and say it's irrelevant? That's a stretch of the imaginationCheck the chart for the DOW from 1939 to 1945.Can’t write it all off. However, none of the recent recessions started without a spike in oil prices. I am not beyond saying it is different this time.In fact the metric that gives me the most pause it that it takes over 3 dollars of additional debt to add 1 dollar to GDP. If this debt were building new awesome things like nuke plants, sewer systems and massive lakes and flood control systems that would an investment. More bombs and last years bombers - not so much.So, yes things are not perfect, but the inputs remain.CheersQazulight
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |