""The people closest to the industry are far more concerned about these disruptions and recognize the length of time it will take for things to return to normal - if they ever do," said Gerry Morton, oil and gas co-chair at the law firm Baker Botts."
""We know supply chains are breaking down in Asia and even Europe. We know a correction is eventually coming. But everybody wants to live the present moment. People are just saying to themselves, 'They will solve these issues. And if they don't get solved, we will sell then.'" said Ritesh Jain, founder of the investment firm Pinetree Macro."
""We have to dance while the music lasts and hope you are near the exit door when it stops," he said. "I am in that exact situation, despite talking to people in the background who know something is going to break.""
Recent stock market gains and declining oil prices suggest a resolution of energy shocks, but significant supply chain disruptions remain. Industry insiders express deep concern over the time required to restore normalcy. Investors acknowledge underlying issues, predicting an eventual market correction. The disparity between market signals and actual conditions is influencing the global economy, as traders focus on positive headlines while ignoring critical warning signs.
Read at The Washington Post
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