Economic Updates, Advisor Training Tim Pierotti, Chief Investment Officer Economic Updates, Advisor Training Tim Pierotti, Chief Investment Officer

What Did We Learn This Week? (10/13/2022)—The Other Oil Cartel

In this week’s post, Tim investigates oil supply and demand and the lack of chronic and structural investment in the refining space. He argues that while the US has become far more energy independent, the benefits may not be as disinflationary as we may hope.

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Economic Updates, Advisor Training Tim Pierotti, Chief Investment Officer Economic Updates, Advisor Training Tim Pierotti, Chief Investment Officer

June Energy Prices Insights—Tim Pierotti, Chief Investment Strategist

This week, we focused on trying to better understand the potential durability of higher energy prices.

As a reminder, at WealthVest, we have a long-term view that potential GDP growth is going lower. That means, we see a real GDP growth rate that will average below 2% and an inflation backdrop that will be consistently problematic, quite unlike the grinding decline of inflation over the last four decades. For what it's worth, this is an increasingly non-controversial view among academic economists, but not one that is yet embraced more broadly on Wall Street.

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