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Rig count, Mtg purchase index

Summary:
Oil related capital expenditure has collapsed, and likely won’t come back until investors have confidence prices will stay high enough long enough: Mortgage applications for home purchases have bounced back a bit but remain depressed, even with ultra low mortgage rates:

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Oil related capital expenditure has collapsed, and likely won’t come back until investors have confidence prices will stay high enough long enough:

Rig count, Mtg purchase index

Mortgage applications for home purchases have bounced back a bit but remain depressed, even with ultra low mortgage rates:

Rig count, Mtg purchase index

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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