March 11, 2012

Energy Sector Recession?

(hat tip to Steven Hansen at Seeking Alpha)


http://static.seekingalpha.com/uploads/2012/3/11/saupload_z-weekly1.png


Not a particularly healthy economic outlook even with the recent job growth. Energy sector heading toward recession because of high costs?? Will that drag the rest of the economy with it? Read more here.


"...If energy is removed from consumer spending, the growth trend lines are slightly positive over the last three months. In industrial production, the growth trend lines without utilities are positive.
Could it be the new normal economy is currently adjusting / re-balancing to changing energy inputs - and the degradation in the year-over-year growth is not a recession warning as the non-energy components appear relatively strong?..."
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