Should be: "The Oil Crash Is REVERSING One of the Largest Wealth Transfers In Human History"
BofA has it at a $3T flow too but miss the rent issue and how the global leading numismatic flows are going to be re-routed into productive contribution in the non-rent seeking nations.
BofA: The #Oil Crash Is Kicking Off One of the Largest Wealth Transfers In Human History @business @TheStalwart https://t.co/7yTF9J4dvs
— Fion Li (@fion_li) February 1, 2016
1 comment:
"Moreover, the low oil price is encouraging Chinese consumers to buy increasingly larger cars."
"Fast, oil is cheaper, let's go and buy larger wasteful cars"
Sight, humanity. That's exactly what they need, larger cars driving around Beijing. Good for GDP, would an economist say... Civilization collapse through cost externalization and tragedy of the commons lol, sounds exactly like the history of China over and over.
Post a Comment