Collapse Cafe Crystal Ball 2015

Featuring Albert Bates, Steve Ludlum, Gail Tverberg, Tom Lewis, Surly, Monsta & RE

4 Responses to Collapse Cafe Crystal Ball 2015

  • Scythe of Relief says:

    “We haven’t reached peak debt yet”??? Was old Albert smoking some of his home grown? Lol

    Yeah we have not finished adding to the debt pile, but we have less debt being created.

    Is this not debt deflation.= Peak debt?

  • RE says:

    Well, if you look at the Derivatives, a LOT more debt is still being created here. Also, the Federal Deficit continues to increase exponentially, now around $18T or so.

    Where credit and debt are contracting is at the Konsumer level in the real economy. On the financial level though, Peak Debt still has not been achieved, and after it is achieved, I suspect the “Seneca Cliff” would be Gentle Slope compared to how fast that one will crash.

    RE

  • Scythe of Relief says:

    OK,

    My apologies to Albert, it appears it is I who was smoking some of his home grown. :mrgreen:

  • Hi RE;

    A while back you had a young engineer type who was working in the Bakken, on a vidcast with you and SfV. It might be a good idea to catch up with him and find out how things look on the ground from his perspective. If it wasn’t for sites like yours, you’d think everything was fine and we’re just experiencing a transitory blip. You know… Fed -Speak for we haven’t got a F….. clue of what we’re talkin about.
    Anyways, keep up the great work, because for those of us who believe energy is the crux of the dying system, it’s Slim Pickens not Boone Pickens, when it comes to reliable informed media outlets!

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