22:57 GMT30 May 2020
Listen Live

    Superfluous Demand

    Double Down
    Get short URL
    by ,
    0 80
    Subscribe

    On today’s episode of Double Down, Max Keiser and Stacy Herbert talk to Charles Hugh Smith of OfTwoMinds.com about the coming shortages.

    As the COVID-19 lockdowns continue and ‘meat processing’ plants across America are forced to shutdown after outbreaks amongst workers, DOUBLE DOWN asks Charles Hugh Smith about the outlook for inflation in food prices and possible shortages of meat supply in the supermarkets. If the problem is having only 50 slaughterhouses in America (processing 98% of the meat supply), is building 5,000 the answer? What is preventing that is regulations designed to maintain just those 50 abattoirs through barriers to entry for any competition. They then look at the superfluous demand in oil and the cheap credit that has created the excess supply and negative prices. Tune in to hear more on oil and its outlook in a world of lockdown.

    We'd love to get your feedback at radio@sputniknews.com

    Tags:
    meat, Oil, supermarket, prices, food
    Community standardsDiscussion
    Comment via SputnikComment via Facebook