But as the last four years have shown, you also have to allow for the possibility, or perhaps probability, that the world as we know it isn't ending -- and that the global economy will keep expanding
What part of the phrase "Peak Oil" does this guy not understand?
There isn't the oil for the global economy to keep expanding: and it's the Dollar/Oil relationship that is in the firing line... "Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky
Gap between financing and pricing of stocks. Yellow is long term interest rates.
Pricing of European stocks.
So yeah, stocks are up, but that's because profits are up. And profits have gone up more than stocks. Peak oil is not an energy crisis. It is a liquid fuel crisis.
