General Discussion Topics, page-128002

In one of the interviews of THE GREAT - CHARLIE MUNGER...He mentions how his uncle (I guess the name was TOM), who was a banker, had bitten more than he could chew and ended in deep trouble as the farmers he had granted loan amounts were defaulting. This was around the great depression.
Charlies exact words....His Uncle was a banker. Bankers lack foresight.
KP is no different. Lacks foresight...Missed the interest rate/inflation angle.
Actually, lets see if KP has the courage to appear anymore scripted interviews.
Too dependent on China...too optimistic....KP wanted it easy, unfortunately, it is never easy in high interest rate market.
To his disadvantage - US elections are due end of this year. Which means, The new Presidents Policies will not take effect until mid-next year.
Enjoy the crazy show thats gonna take place this year.
SB - will reply to your post..about the cycle of refined spod and spod catch up, by end of this week.
Need to go through some numbers.
2019 to 2022, prices were over-exaggerated.