Monthly Archives: January 2015

What Were the Drivers of GDP Growth Since the 2009 Bottom?

   Growth in the US. since the bottom of 2009 came from domestic oil, tech (particularly Social Media), and financial companies. It also came from commodities exporting.     Now oil’s price has been cut in half and suddenly everyone is assuming that since oil typically was $40 inflation adjusted over several decades then it will stay in the 40s. This will destroy a lot of good paying blue color jobs at a time when these jobs are scarce.    The Social Media industry with the exception of Facebook is not profitable and seems likely to repeat the pattern of the year 2000 failed tech bubble fad like the ones that failed in the 2000 boom. This will cool off a

January 26th, 2015|mayflowercapital blog|Comments Off on What Were the Drivers of GDP Growth Since the 2009 Bottom?