Interesting, but he wants a bit too much collapse to be inevitable. The current crisis is probably related to the 2006-2007 oil prices hike (the first actual ef

Interesting, but he wants a bit too much collapse to be inevitable. The current crisis is probably related to the 2006-2007 oil prices hike (the first actual effects of Peak Oil), and the situation will remain so for a decade or two : oil prices climb, demand is killed off, crisis ensue, prices drop, partial recovery comes, and we start the cycle again. That means that instead of a brutal collapse, we'll live a state of depression, recession and incomplete recovery for the next decades, with at some point an inflexion from less growth to more depression. That's what we have to get prepared to. Related papers : * Rubin and Buchanan crisis analysis: http://www.manicore.com/fichiers/Rubin_Buchanan_CIBC.pdf http://www.manicore.com/fichiers/Rubin_Buchanan_CIBC.pdf * Lloyds 360° risk insight : http://www.manicore.com/fichiers/LLoyds_Chatam_House_froggatt_lahn.pdf http://www.manicore.com/fichiers/LLoyds_Chatam_House_froggat...