Bloomberg with the article on an article written by Brantham in which he argues that the oil pprice spike seen is always associated with recessions.
Bloomberg with the article on an article written by Brantham in which he argues that the oil pprice spike seen is always associated with recessions.
- oil-price spikes of this magnitude have always triggered
recessions - the global economy is at risk of much bigger
challenges in the coming decades as finite commodities become scarce.
- “It seems nearly
certain that the trend in resource prices will continue to rise,”
- That threatens not only slower growth but
also a disruption of political systems, as “most ancient
civilizations were brought down by overuse of their resources.”
Oh dear. The end of civilisation. I hate it when that happens. Good for the clicks though.
Link to Bloomberg is here
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