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Home prices, Oil capex, ISM and Fed surveys

Summary:
Not a good sign: Oil capex decline: Oil Rig Count Plunges To Lowest Level Since 2017 A Death Sentence For Small Oil & Gas Drillers Below 50 is contraction:

Topics:
WARREN MOSLER considers the following as important:

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WARREN MOSLER writes Consumer sentiment, real retail sales, industrial production, wages

WARREN MOSLER writes New manufacturers orders, vehicle sales, unemployment claims, rents, oil prices

WARREN MOSLER writes Saudi price hike, private payrolls, new hires, corporate profits

WARREN MOSLER writes Pending home sales, Durable goods orders, oil rigs and production

Not a good sign:

Home prices, Oil capex, ISM and Fed surveys

Oil capex decline:

Oil Rig Count Plunges To Lowest Level Since 2017

A Death Sentence For Small Oil & Gas Drillers

Below 50 is contraction:
Home prices, Oil capex, ISM and Fed surveys

WARREN MOSLER
Warren Mosler is an American economist and theorist, and one of the leading voices in the field of Modern Monetary Theory (MMT). Presently, Warren resides on St. Croix, in the US Virgin Islands, where he owns and operates Valance Co., Inc.

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