Tag Archives: debt defaults

The Problem of Debt as We Reach Oil Limits

(This is Part 3 of my series – A New Theory of Energy and the Economy. These are links to Part 1 and Part 2.) Many readers have asked me to explain debt. They also wonder, “Why can’t we just … Continue reading

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Reaching Debt Limits: With or without China’s problems, we have a problem

Credit Problems are a Very Current Issue In the past several years, the engine of world’s growth has been China. China’s growth has been fueled by debt. China now seems to be running into difficulties with its industrial growth, and … Continue reading

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Low Oil Prices Lead to Economic Peak Oil

We have all heard the story about oil supply supposedly rising and falling for geological reasons. But what if the story is a little different from this–oil production rises and falls for economic reasons?¬†If this is the issue, it doesn’t … Continue reading

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Our Investment Sinkhole Problem

We are used to expecting that more investment will yield more output, but in the real world, things don’t always work out that way. In Figure 1, we see that for several groupings, the increase (or decrease) in oil consumption … Continue reading

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High-Priced Fuel Syndrome

Governments and economists around the world have not figured out that what the world economy is suffering from, to varying degrees, is “high-priced fuel syndrome“. High-priced fuel syndrome has a number of symptoms: Slow economic growth, or contraction People in … Continue reading

Posted in Book draft, Financial Implications, Introductory Post | Tagged , , , , , | 192 Comments