Sunday, August 8, 2021

Supply - Demand Imbalance -- Covid-19 -- August 8, 2021

Updates

Later, 8:09 p.m. MT:  Sunday night, oil is "selling off." WTI drops below $67. Down over 2%, now trading at $66.80.

Original Post 

Again, the tea leaves keep suggesting ....

... see the recent Devon post.

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Covid-19

The bigger problem is that the guy celebrating his birthday should be setting an example. Completely neutralizes any comments from Dr Fauci regarding Sturgis. 

3 comments:

  1. There's no such thing as a supply demand mismatch in a free market. Price moves until supply equals demand. So sick of the CNBC idiots who don't know econ 101.

    ReplyDelete
    Replies
    1. I wonder if, in the US, currently, the demand for homes exceeds supply?

      I think the operative work in the reader's comment above is "until."

      https://www.investopedia.com/terms/l/law-of-supply-demand.asp.

      Mismatch of Supply and Demand as a Response to Demand Uncertainty: https://link.springer.com/article/10.1007/s10958-016-2924-9.

      Delete
    2. Google: supply demand mismatch.

      Return: 13.2 million results in less than 0.48 seconds.

      Delete

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