Debt Rattle April 29 2016
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Harris&Ewing Treasury Building, Fifteenth Street, Washington, DC 1918 • Asia’s Two Biggest Stock Markets Have Become An $11 Trillion Headache (BBG) •
[See the full post at: Debt Rattle April 29 2016]Who would have thought even a few years ago that lack of demand for oil would begin to spell the end of the Anthropocene? How ironic for the peak oilers! Nothing could be better for the climate than the slowing global growth trend, which is happening without anyone even trying! On the contrary, we see desperate trying for more growth. This slowing growth has its own positive feedback loops. For example, lack of investment in new oil plays, along with debt deflation, will make later investment impossible. The whole industry will have seized up, rusted out. In this way balance is being regained, willy nilly. Perhaps Gaia is alive and well and taking into account her human offspring as part of a whole worth saving.
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