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comment by mk
mk  ·  3219 days ago  ·  link  ·    ·  parent  ·  post: $100 trillion up in smoke

Although I've considered the prisoner's dilemma of producers, I hadn't considered that servicing their debt would leave them with no option.

I also don't think it's appreciated enough how normal $30 oil is:

Just because China starts eating Big Macs, doesn't mean that the price of Big Macs is going to double and remain there.

Actually wasoxygen, I wonder what the demand curve for Big Macs over the last 10 years looks like.





b_b  ·  3219 days ago  ·  link  ·  

mk  ·  3219 days ago  ·  link  ·  

Om my god. What have they done?!

b_b  ·  3219 days ago  ·  link  ·  

They've been trying to kill jobs for years...