FYI: In the final quarter of 2014, business investment related to oil, gas and other mining hit an all-time high. One year later, that’s dropped by more than half.
It’s the second-biggest yearlong drop in inflation-adjusted investment seen by any of the major categories in more than 50 years. (Which is how long we’ve had comparable data.) Even by standards set by previous swings in the relatively small, volatile mining and gas sector, this one’s a humdinger.
Here’s what it’s meant for U.S. business investment, in four charts.
Regards,
Ted
http://blogs.wsj.com/economics/2016/02/03/heres-what-oil-and-gass-ugly-2015-did-to-business-investment/tab/print/
