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ErikTownsend wrote: @MichaelMedici
Or I guess maybe a better analogy is aiming a fire hose into an oncoming tidal wave. Of course the water from the fire hose is important in most circumstances. But dude, this man-made oversupply situation was concocted by KSA/UAE/Kuwait, and the demand destruction caused by a U.S. recession will look like noise (fire hose) to them (tidal wave). QE from the fed is another matter entirely, and precisely what they DON'T want to let happen is another big round of mal-investment in shale. But they're not stupid. They've already thought about QE, and they have a plan for what to do if another round of QE is announced. I have no idea what that plan is, but they do. No doubt in my mind on that one!
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