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The Energy Trade Has Gone Too Far | Jared Dillian
Forward Guidance
The Doom Porn in Europe
Jared Bernstein: People are gravitating towards the doom porn and it's an unsustainable level of doom porn. He says Europe is probably going to have to cut a deal with Putin, okay? And if they cap gas prices, speculators get crushed, right? Or they just bring in a shitload of LNG, which I think is already happening. The solution will crush speculators, right? Because this always happens in every bear market,. Once shorts, once speculators, once bears get control of the market, the government changes the rules.
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