US oil producers' prospects appear to have been dented by the collapse in the oil price that began two years ago. Unlike many countries in the oil producing world, the US has not had a National Oil Company (NOC) to ensure production can be financed and...
SLI's Curran on US credit
Americans are an optimistic bunch by nature. However, talk of secular stagnation, declining opportunities and faltering growth have become the topics de jour.
Last September, we estimated the chances of a US recession occurring in 2016 as one in three. This prediction was less bold than it sounds since recessions have occurred, on average, about once every five years in US history.