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Your article is from Q1/2015. Since then the energy sector has imploded in a catastrophic manner. Pretty amusing to think it is driving the US economy (directly
by npalli 10y ago
Your article is from Q1/2015. Since then the energy sector has imploded in a catastrophic manner. Pretty amusing to think it is driving the US economy (directly) right now. It is by far causing the biggest loss in jobs and profits. Look at the market cap by sectors right now.
https://eresearch.fidelity.com/eresearch/markets_sectors/sectors/sectors_in_market.jhtml https://eresearch.fidelity.com/eresearch/markets_sectors/sec...
Tech. is second only to finance. Given finance is going through it's own troubles, fully expect tech to take over the top sector of the economy in the next five years.
- novocaine 10y agoMarket cap != economic driver.
- amsheehan 10y agoMarket cap !!= economic drive either.
- jeanduluoz 10y agoHow do you think that normalized interest rates will affect your prediction?
- StanislavPetrov 10y agoThat depends on what you consider "normalized rates". There's a very good argument to be made that ~0% (if not less) is the new "normalized rate", given the massive debt bubbles that saturate every segment of the economy, both public and private.