Transitory my foot.
“Transitory my foot.”
Yes, it’s transitory. Did you really think we could have a year of low or no production and NOT have a transitory effect as we start to break out of it?
When the price of oil/gas went sky high under Carter everyone said it was permanent. When it went to $147 under Bush everyone said it was permanent. They traded in their gas guzzlers for econoboxes. A few months later oil was $27 a barrel.
It’s transitory, and people need to buck up and stop being big babies about everything. Opportunity is everywhere right now, just like always.