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Finance consuming ever greater proportions of our GDP probably helped keep that in check https://www.bis.org/img/speeches/sp081119_g3.gif https://www.bis.org/im
by crdoconnor 9y ago
Finance consuming ever greater proportions of our GDP probably helped keep that in check https://www.bis.org/img/speeches/sp081119_g3.gif https://www.bis.org/img/speeches/sp081119_g3.gif (if your rent doubles and home insurance goes up, your electricity consumption does not go up).
Similarly, offshoring of manufacturing likely muted the demand for electricity too.