@freddy7957 @CNBCFastMoney Sorry I post in wrong ID. @crudegusher is oil stuff. Answer: we are waiting for people to start flying again. Electric cars are coming but slower than a tortoise 🐢 at a funeral. We forecast 10 years ago they would be widespread by 2020. They are not. At all.
Great charts showing total impacts- so far Hurricane Laura will shut down about 3M in refining capacity (short of Harvey). Some of these refiners were already reducing capacity ahead of shoulder season- will be interesting to see how much comes back post Laura.
“A study by Hirschman Capital shows that out of 51 cases of govt debt breaking above 130% of GDP since 1800, 50 governments have defaulted. The only exception, so far, is Japan. We mention this because the IMF expects US Debt to hit 141% by the end of 2020.”
Felix Zulauf