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The price of oil went from $100 a barrel to $50 a barrel right before we saw the u3 unemployment level drop. Yes, it hasn't been removed but its grip has lessen
by willholloway 11y ago
The price of oil went from $100 a barrel to $50 a barrel right before we saw the u3 unemployment level drop. Yes, it hasn't been removed but its grip has lessened.
I think we will see the labor participation rate increase now that we are just starting to see some nascent pressure on wages to increase.
Solar isn't meaningfully boosting gdp now, but I'm following the trend to its logical conclusion.
Lower energy prices do fuel growth, and solar is poised to to lower electricity prices globally. Our future is one of abundance and prosperity.