The Mooch also doesn’t think the recent $2 trillion fiscal stimulus package went far enough, especially on Main Street. He'd target close to double.
Oil production can’t just be turned off because some wells depend on pressure that shutting down complicates. And scarce storage costs money.
Those who hired Tangen to manage Norway’s savings have been ordered to explain how he’ll handle his personal fortune as CEO now that oil has crashed.
He’s hoarding cash, shorting commercial real estate and preparing for the coronavirus to wreak more havoc. This is a time to be “extremely careful."