To be honest, crude oil is kind of yucky & messy, and if I had a bunch of it just sitting around in my backyard, I'd pay a fair amount for someone to take it away....
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That's all well and good, but what are the consequences of having the oil market crash, presumably reducing the demand for petrodollars (does that make sense?), at a time when we are also pumping trillions of dollars (inflation?) into the economy, with minimal purchasing?
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TIPS spreads still signaling the Fed will undershoot 2% inflation. They didn't create nearly enough money. Don't believe me, please bet against me. Wanna offer odds?
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@ESYudkowsky I'm interested in the opposite side of that bet. Do you have a resolution date in mind?
End of conversation
New conversation -
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Is it? I really don't know.
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