The rise in interest rates has ended the cheap money era, helping restore a more rational allocation of capital in the energy sector. And one company is best positioned to win in this new era of Shale 2.0.
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A dollar from 1800 is worth just over $0.04 today, but that same dollar invested in stocks would be worth $2.3 million now after 223 years. Gold would be worth just $4.06.
Back in the 1980s, President Reagan took enormous political heat (Sam Donaldson comes to mind) for being fiscally irresponsible. His offense? Presiding over a budget deficit that peaked at 5.9% of GDP in Fiscal Year 1983. But at least Reagan had an excuse. Actually, multiple excuses. The unemployment rate averaged 10.1% in FY 1983, which
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“The tech megacaps command a 78% premium which is even larger than the peak logged during the COVID lockdowns – this despite the increase in long-term yields that should be most damaging to expensive growth stocks.” by @VincentDeluard
Walmart is paying some new store workers less than it would have three months ago, a sign that employers are seeking to cut labor costs as the once-hot market for hourly staff cools. The country’s largest private employer changed its wage structure for hourly workers in mid-July, according to documents reviewed by The Wall Street
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