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by npalli 3704 days ago
Your article is from Q1/2015. Since then the energy sector has imploded in a catastrophic manner. Pretty amusing to think it is driving the US economy (directly) right now. It is by far causing the biggest loss in jobs and profits. Look at the market cap by sectors right now.

https://eresearch.fidelity.com/eresearch/markets_sectors/sec...

Tech. is second only to finance. Given finance is going through it's own troubles, fully expect tech to take over the top sector of the economy in the next five years.
2 comments
novocaine 3704 days ago
Market cap != economic driver.
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amsheehan 3704 days ago
Market cap !!= economic drive either.
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jeanduluoz 3704 days ago
How do you think that normalized interest rates will affect your prediction?
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StanislavPetrov 3704 days ago
That depends on what you consider "normalized rates". There's a very good argument to be made that ~0% (if not less) is the new "normalized rate", given the massive debt bubbles that saturate every segment of the economy, both public and private.
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