2023 will be good
6 replies (most recent on top)
2023 will be good for hi-pos.
Cr---y for everyone else.
As most of the past years.
Russia has no place to send oil but China. Chinese demand will do g-p for XOM. Anyway, China's whole economy is cratering with no end in sight, since Emperor Xi is he-l bent on banning any person or economic activity capable of making a profit.
Unfortunately we're 15 years too late to build in CN. Population has peaked, decline starts now, exacerbated by zero-Covid. CN is done for. It will grow old before it gets rich. Oh, and the CCP. Would you trust them with your own money? We need to look to ID, IN, VN for growth. CN1 project too far gone to stop. We're better off having a $9G bonfire of $100 bills.
Wake me up when it's looking at least Very Good. Good is only 20 to 40th percentile.
Go back and check the actuals for China. They always make big demand promises, and never hit either volume or revenue targets.
China growth is the ExxonMobil version of the big lie.
When China reopens, they will have their foot up our assets.