4 ms·
>I don’t recall reading a single opinion that was anything other than “prices will remain very high for the foreseeable future.” Are we talking about heads on
by throwaway0a5e 5y ago
>I don’t recall reading a single opinion that was anything other than “prices will remain very high for the foreseeable future.”
Are we talking about heads on CNBC or the guys who were actually able to put eyes on the mills, rail yards and whatnot? Because this crash is spot on with what the latter was predicting. Everyone was over-producing to get in on high prices and the demand just wasn't there.