Alarming Economic Signals: Record-Low Demand for Oil-Based Lubricants, Labor Market Fears, and Depleted Savings
The dwindling demand for oil-based lubricants, reaching its lowest point in over four decades, is a stark indicator of the challenges facing the manufacturing sector in the United States. This decline in demand is far from indicative of a ‘soft landing,’ and while circumstances may differ this time, historical data presents a concerning pattern. Over …