Item of General Interest
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Tag Archives: interest rates
World GDP in current US dollars seems to have peaked; this is a problem
World GDP in current US dollars is in some sense the simplest world GDP calculation that a person might make. It is calculated by taking the GDP for each year for each country in the local currency (for example, yen) … Continue reading
Posted in Financial Implications
Tagged deflation, economic growth, energy prices, inflation, interest rates, oil prices
2,988 Comments
Falling Interest Rates Have Postponed “Peak Oil”
Falling interest rates have huge power. My background is as an actuary, so I am very much aware of the great power of interest rates. But a lot of people are not aware of this power, including, I suspect, some … Continue reading
Posted in Financial Implications
Tagged debt growth, interest rates, oil price, oil supply
2,733 Comments
Debt: The Key Factor Connecting Energy and the Economy
There are many who believe that the use of energy is critical to the growth of the economy. In fact, I am among these people. The thing that is not as apparent is that growth in energy consumption is dependent … Continue reading
Posted in Financial Implications
Tagged Debt, economic growth, EROEI, interest rates, negative interest rates, oil price
695 Comments
Nine Reasons Why Low Oil Prices May “Morph” Into Something Much Worse
Why are commodity prices, including oil prices, lagging? Ultimately, the question comes back to, “Why isn’t the world economy making very many of the end products that use these commodities?” If workers were getting rich enough to buy new homes and … Continue reading
Oil and the Economy: Where are We Headed in 2015-16?
The price of oil is down. How should we expect the economy to perform in 2015 and 2016? Newspapers in the United States seem to emphasize the positive aspects of the drop in prices. I have written Ten Reasons Why High … Continue reading
