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> It's a supply side problem due to Corona shutdowns This is a lie being spread around. It's actually extracting stimulus back from the poor, making up for los
by jklinger410 4y ago
> It's a supply side problem due to Corona shutdowns
This is a lie being spread around. It's actually extracting stimulus back from the poor, making up for lost profit during COVID, and decreasing total employment.
The market holds more power in the price of oil than the fed does with interest rates. The fed and the market are teaming up to make up for any ground (in profits and operating cost) that was lost during COVID.