Also - "eight years of central bank intervention have left the world economy on life support."
Rilly? Sounds like axe grinding.
And "Energy is expensive because we need to wean ourselves off carbon."
Oil & Gas prices tho. And plumetting demand from the oil & gas industry.
He doesn't mention the global oversupply of steel - China can dump because they are overstocked, and the yuan is still depreciating.
Oversupply is part of the story, of course - but the same situation in oil has caused every company in the sector to bring every tanker, storage centre, tank car, jerry can, etc. out of mothball. Why is steel different?
Oil production in the US is being shut in, too.
@General_Strike started
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Also - "eight years of central bank intervention have left the world economy on life support."
Rilly? Sounds like axe grinding.
And "Energy is expensive because we need to wean ourselves off carbon."
Oil & Gas prices tho. And plumetting demand from the oil & gas industry.
He doesn't mention the global oversupply of steel - China can dump because they are overstocked, and the yuan is still depreciating.