I hadn't really appreciated the negative oil price impact on investing in future production. China of course has kept the lockdown scares a recent memory, and until that risk falls that's another reason to keep expecting strong performance from energy plays.
Is the credit card debt really an increase? Surely not yet. Adjusted for inflation current credit card debt is not much different from Q4 2019 so I don't think this is evidence yet of a collapse in disposable income (although I do think thats coming). I remember, although this is for the UK, realising in 2007 that many young coworkers were carrying 30K USD equivalent on their credit cards and thinking nothing of it.
I hadn't really appreciated the negative oil price impact on investing in future production. China of course has kept the lockdown scares a recent memory, and until that risk falls that's another reason to keep expecting strong performance from energy plays.
Is the credit card debt really an increase? Surely not yet. Adjusted for inflation current credit card debt is not much different from Q4 2019 so I don't think this is evidence yet of a collapse in disposable income (although I do think thats coming). I remember, although this is for the UK, realising in 2007 that many young coworkers were carrying 30K USD equivalent on their credit cards and thinking nothing of it.