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

- James Howard Kunstler -

JHK - sometimes I wonder if you understand economics. Oil is cheap 'because' demand is down, and supply is way up.
So, energy inputs to the economy are dirt cheap right now, the time when you need it actually to restart the wheels of industry. Bad for energy producers, but good for everybody else.
Perhaps in the long run, more than ten years out, shale will peter out, but for now, there's more cheap energy than market for it.
Regarding politics, the Demo candidates remind me of those two elderly muppets in the balcony. ;-)

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Début de l'article :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... Lire la suite

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