Alarming decline in US labor participation & Rick Rule on oil sector investing
The US stands alone, at least when it comes to labor participation rates. If you compare America to seven other advanced economies, such as Canada, France, and Germany, it’s the only country that hasn’t shown gains in labor force participation over the past 15 years. That’s according to a new study out by the Federal Reserve Bank of St. Louis. Boom Bust’s Ameera David weighs in.
Ameera is joined by Rick Rule – CEO of Sprott US Holdings, Inc. Rick tells us what he thinks about the state of the oil market and whether it’s a good time to bet on higher oil prices. His macro view is that ironically lower oil prices are more bullish over a 5-year time horizon because of the potential for supply destruction. He also believes there are tremendous opportunities for upstream oil coming out of the possible relaxation of sanctions against Iran.
After the break, Bianca Facchinei takes a look at European issues apart from the Greek debt crisis. Over 60,000 refugees have fled the Middle East and northern Africa to escape armed conflict, but not all EU countries are offering help.
Ameera sits down with Erin Ade to talk about the settlement reached this week between beverage giant Anheuser Bush In-Bev and Beck's beer drinkers and what regulators have to say about it.
And in The Big Deal, Ameera and Edward Harrison discuss US asset markets. Jeremy Grantham told investors at a recent Morningstar conference that US share valuations are elevated. But he believes retail investors will have to get into the fray before they reach bubble proportions.
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