Posted May 22, 2014
Four Reasons the U.S. Economy is Recovering
CNBC: Signs of modestly higher inflation and a robust jobs market in the U.S. have many economists cheering the recovery in the world's largest economy. Despite this optimism, one asset management firm has signaled that this could mean a gloomy future for the rest of the world.
Last week, U.S. consumer prices for April recorded their largest increase in 10 months – in stark reflection to concerns about falling and low prices in Japan and the euro zone. U.S. stock markets continue to outperform the global index as the traditional engine room of global growth edges back to full power…
According to Schroders there are four reasons why a repeat of the pre-crisis trade boom days are a long way off:
Many analysts and politicians say this resource is the next industrial revolution. Hydraulic fracturing, or "fracking," has helped lead a boom in gas and oil production in the U.S. The new technology is unlocking oil and shale gas resources, spurring economic activity and giving industry a competitive edge with less expensive gas and electricity prices.
Read more: http://cnb.cx/1qRYrnH
More industry news:
Energy Jobs Extend Beyond Oil Field: http://bit.ly/RXOt48
Jobs, Environment Not Mutually Exclusive: http://bit.ly/1okvXPc
North Dakota Oil Tax Fund about to Top $2 Billion: http://bit.ly/1pgOBat
Eagle Ford, Permian are Kings of Oil, but the Bakken is Gaining Fast: http://bit.ly/1hdgsDw
Local Governments Getting Boost from Shale Energy Boom: http://uscham.com/1k7YWFJ
Pennsylvania Petroleum and Natural Gas School Preparing Students for Jobs in Changing Energy Industry: http://bit.ly/1okwvo6
ABOUT THE AUTHOR
Mary Schaper is a Digital Communications Manager for the American Petroleum Institute. She previously worked on Capitol Hill for the Senate Energy and Natural Resources Committee as Digital Director and for Senator Lisa Murkowski. Before coming to D.C., she spearheaded digital strategy for Murkowski's successful Senate write-in campaign in 2010. Schaper enjoys traveling and taking in the local culture alongside her husband, their son and loyal springer spaniel.