Behind The Markets Podcast: Jason Draho
Behind the Markets Podcast
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The Third Piece Addresses Your Commonalities
There had been a lack of investment and you could see it in data for us. Companies are basically just investing enough just to cover the depreciating assets, maybe a little bit more. So what we have now is a capital stock in the US that if you sort of measure it on the committee age, it's something like 26 years. It's the oldest has been in decades. The third piece kind of addresses your common of all, like your energy and the price of oil. Now, there's just structural trends taking place that I think companies realize we need to invest for long term trends.
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