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Black Swans, Dead Cats, Live Bats, and Goodbye to All That

- James Howard Kunstler -

We will have to wait and see. It all comes down to demand. The current glut of supply will probably take a couple of years to clear. After that, if there is sufficient demand for energy, then there will be ready supply.

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Beginning of the headline :Had enough excitement yet? At least the stock markets are following an established script: the bubble pops, the elevator drops, for a while it stops… and then investments sink to the deepest sub-basement, where they linger for long, long time. Hello, next great depression…. We know how that story goes, even if it hurts. This corona virus is something else. It engulfs whole populations in a fog of confounding narratives. Is it no worse than a bad common cold, except for old folks already half-gon... Read More

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