Friday, April 5, 2019

It Gets Tedious -- April 5, 2019


But look at that: WTI finally over $63 -- on a Friday afternoon -- going into a weekend. OPEC basket? Red.

Not tedious:


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Bureaucracies

I've worked in one of the world's largest bureaucracies all my life. Why bureaucracies are so inefficient? Because no one is able to make a decision; decisions are made by glacially-moving committees.

This is the reason the chaotic, out-of-control White House has been so effective. The person-in-charge makes decisions quickly, and is able to communicate his intent very, very clearly.

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