Low oil prices

I would argue that falling commodity prices are bad news. It likely means that the debt bubble which has been holding up the world economy for a very long time–since World War II, at least–is failing to expand sufficiently. If the debt bubble collapses, we will be in huge difficulty.

Gail Tverberg from, Low Oil Prices

Elsewhere, this is 4uoulo1. — slipbox

ɕ

I write here most days — reflections, quotes, and working with the garage door up. This is one of more than 5,000 posts. Wander to another →

If you like the way I think, you might like what I’m reading. Every so often I send out 7 for Sunday — seven things I’ve savored, about five minutes, whenever they’re ready. No hooks, no nonsense. Read a recent issue →