I maintain that, following the production capacity utilization rate, the peak of the American business cycle has passed. This may be consistent with an unemployment rate which fell again.
The downturn in the energy sector, after the falling price of oil, spreads to the rest of the economy through a lower momentum in investment in the mining sector.
This does not suggest a recession but a shift in US activity that will be amplified by the uncertainty coming from the political campaign after the caucus of July.
The downturn in the energy sector, after the falling price of oil, spreads to the rest of the economy through a lower momentum in investment in the mining sector.
This does not suggest a recession but a shift in US activity that will be amplified by the uncertainty coming from the political campaign after the caucus of July.
