Heard that yesterday in comments too. I don't have any particular insight. But this kind of first order viewpoint feels reductionist.
Steel & other construction suppliers have been ongoing investments, distributed wide & far across the world. Many of these suppliers & adjunct industries might not make it demand dries up too quickly. It's hard to predict what higher order effects really are.
Steel & other construction suppliers have been ongoing investments, distributed wide & far across the world. Many of these suppliers & adjunct industries might not make it demand dries up too quickly. It's hard to predict what higher order effects really are.