I can almost assuredly say that we will soon start buying things once oil goes above 80-90. This will accumulate enough stuff to sell when oil goes back to 30-40 at expense of enormous loss and layoffs. I like this strategy and reminds me of Michelle Obama “when they go low we go high”.
2 replies (most recent on top)
We will start hiring too.
I’d laugh if this were not so true. Exxon and BP do the opposite. They buy low. Because their leaders think and plan long term, not next quarter, they look like geniuses, and they profit well.