Quote:
Originally Posted by Azure
In the most basic sense, the layoffs mean less production, which means less supply which means an inevitable increase in demand, which means with time the price will go up.
This is why there is always a cycle. People just lose sight of the long-term.
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I don't think it's so much people losing sight of the long term as much as tens of thousands of Calgarians having their lives torn apart in the short term.
It's easy to keep sight of the long term if you're working, it becomes much more difficult when no money's coming in, and so everyone starts looking for signs of recovery early on and just hoping they might be legit.