Tuesday, February 7, 2017

Zero Hedge — Goldman Stunned By Collapse In Gasoline Demand: "This Would Require A US Recession"


All time high in US economic confidence is belied by apparently plunging demand for gasoline.

Zero Hedge
Goldman Stunned By Collapse In Gasoline Demand: "This Would Require A US Recession"
Tyler Durden

5 comments:

Ryan Harris said...

Exports plunging.
Consumption weak.
Inventories ballooning.
Imports up.
Production hasn't stopped falling since the crash, though the declines in output have slowed with new production offsetting depletion.

Tom Hickey said...

No significant gain in income and little appetite to increase consumer debt to support robust recovery absent offset by net exports or government.

Michael Norman said...

Yes, all stuff I have been pointing to in my MMT Trader report.

Andrew said...

Bank credit creation flat.

lastgreek said...

Bill Nye ‏@BillNye 1 hour ago
I'm baaaack. April 21st. #BillNyeSavestheWorld only on @Netflix.

All this talk of economic doom and gloom ... well, I just had to post it :)