Tag Archives: consumption

The Oil-Drenched Black Swan, Part 1

Given the presumed 17% expansion of the global economy since 2009, the tiny increases in production could not possibly flood the world in oil unless demand has cratered. The term Black Swan shows up in all sorts of discussions, but what does … Continue reading

Posted in General | Tagged , , , , , , , | 2 Comments

Can the Top 10% Prop Up the Whole Economy?

Is the top 10% up to the task of borrowing and blowing enough money to prop up a debt and bubble-dependent economy? Since the entire economy depends on consumption for its “growth,” and discretionary consumption is financed with either cash … Continue reading

Posted in General | Tagged , , , , , , , | 2 Comments