CHART OF THE DAY: Swimming Naked? Oil Industry Employment

Editor's Note: The chart and excerpt below are from this morning's Early Look written by Hedgeye analyst Ben Ryan. For more information how you can subscribe to the Early Look click here.

With growth slowing, an FX catalyst, and secular headwinds globally coming to fruition at the same time, our expectation is that we will continue to see who  in commodity-leveraged industries is “swimming naked” as Warren Buffett likes to say. It’s only a matter of time before the carnage in the energy space flows through to the real economy (see Chart of the Day below).

CHART OF THE DAY: Swimming Naked? Oil Industry Employment - z bizness 08.14.15 chart