January 19, 2018
I got inspired this week and wrote a couple of pieces that might be of interest to you.
First, the stock market has been on a roll for some time. A correction is inevitable at some point. When that occurs everybody will get nervous and chatter about an impending recession will arise. The first piece assures you that a recession is not in store this year or for the next several years.
Second, a government shutdown may occur at the end of the day today. While annoying it will not significantly alter the economic outlook. This is unlike what happens when the government shuts down because the U.S. Treasury is bumping up against the debt ceiling. That is worrisome. This is not.
Third, read the piece on gasoline prices. Crude prices have reached $63 per gallon. But the Intentional Energy Agency as well as OPEC members warn that at this price we could see an explosion of production by U.S. producers which could trigger a drop in oil prices like we saw in 2014. OPEC finance ministers are meeting in Oman over the weekend. Pay attention to what they decide.
Stephen Slifer
NumberNomics’
Charleston, S.C.
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