| Energy is one of the last places an investor wanted to be over the past year. Many analysts are calling a bottom. This is often based on nothing more than oil and natural gas prices being low combined with an improving U.S. economy. As far as the latter is concerned, this trend is debatable. Though unemployment has improved, there is minimal wage growth.
Without wage growth, consumers save more and spend less. Additionally, the Baby Boomer generation is retiring in droves, and retirees tend to save more and spend less. Furthermore, China is consistently slowing and the Eurozone and Japan are fighting deflation.........................................Full Article: Source
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