Economista Austriaco's avatar
Economista Austriaco
Economista_Austriaco@primal.net
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Austrian Economics | Bitcoin for Freedom | Nostr for Freedom of Speech Math & Physics Thinker | Memes with a Purpose Energy. Node runner πŸƒπŸ» Every zap ⚑️ and repost πŸ”„ powers the fire to keep this battle alive.
The physical crude oil market is out of control. The cost to ship 2 million barrels of crude oil from West Africa to China is now up to $27.22/barrel. To put this into perspective, in July, the cost for the same shipment ~$6.50/barrel. That's a +319% surge in shipping costs in just over 2 months. The scramble for physical crude inventories is in full-swing. image
β€œFreedom has promoted prosperity and provided the wealth that can then be wasted in the welfare state. The welfare state is a luxury expenditure, made possible only by the efficiency generated by a free market system.” β€” Milton Friedman
JUST IN: Jim Cramer says "I think a bond short squeeze could actually occur." πŸ™ƒ image
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