Baytex Energy Corp T.BTE

The US economy may be barrelling towards stagflation

[Tradinghands]

I remember in the 70's gasoline shortages in Detroit thats when we siphoned gasoline inorder to cruse Michigan Ave and because of that the auto industry designed new filling necks making it harder to siphon years later, the things we did in the 60' & 70's changed laws and having been born in the late 50's I've seen every type of market boom to bust and I started traded a year before Oct 19th 1987 Black Monday and like it or not the US is in trouble in more than one way. My advice just stay on top of whats happening and trade regardless what the market throws at you but keep some powder dry so if one day the market drops 10% thats when you buy and hold. Every large firm has been warning investors. Oil has been deflecting what would normally push it lower and that has made BTE a TSX darling for the energy sector. As long as oil stays above $80 BTE is making money.


The US economy may be barrelling towards stagflation, an outcome worse than recession (msn.com)