The Relationship between Peak Oil and Peak Debt - Part 2
In Part 1 of this post, I pointed out that an economy is closely linked with the resources that underly it. Because of this, if there is really is a limit that prevents oil supply from rising endlessly, then there is also a limit that prevents debt from rising endlessly. I talked about seeing a two-way link between peak oil and peak debt:
1. Peak oil tends to cause peak debt. This is what I discussed in Part 1.
2. Once debt growth peaks (shifts from growth to decline), we can expect a feed-back loop that will tend to make post-peak
Read more...
1. Peak oil tends to cause peak debt. This is what I discussed in Part 1.
2. Once debt growth peaks (shifts from growth to decline), we can expect a feed-back loop that will tend to make post-peak
Read more...
No comments:
Post a Comment