pstarr wrote:You are talking to ghosts.
Spookily, you replied.
pstarr wrote:You are talking to ghosts.
pstarr wrote:You are talking to ghosts.
Sys1 wrote:Seems the first sector hardly hit is oil production itself.
Just after 2008 crash, oil price collapsed and non conventional oil sector was severly hit.
The consequences is that as soon as economy grows again, lack of investments prevent oil extraction to follow demand as easily as before,
meaning the next economic crash will be faster and harder.
onlooker wrote:How about its NOT the Economy stupid. The Economy is a sub-sector of the Environment. The Environment destablization will wreck the whole Economy
"Apocalypse Soon: Has Civilization Passed the Environmental Point of No Return?"
"The 1970s program had yielded a variety of scenarios, in some of which humanity manages to control production and population to live within planetary limits (described as Limits to Growth). Meadows contends that the model's sustainable pathways are no longer within reach because humanity has failed to act accordingly." https://www.scientificamerican.com/arti ... no-return/
evilgenius wrote:I never posted anything on this thread in the days running up to the Great Recession. I better step up. Now is my chance again. I'm going to latch onto a couple of themes already at work. Interest rates are rising. I think many corporations that have taken on too much debt are going to fail. The first of those will be the vanity inspired leveraged buyout schemes which rich people who get rich mostly by luck or who get so creative that they forget human feeling seem to favor.Which leads to the next crisis, government spending will fall dramatically.
evilgenius wrote:The thread started in 2005. I assumed people would figure out I meant from now until about the same amount of time after 2005 before the Great Recession hit in 2007. I can remember people talking about what was happening in 2007 on CNBC, looking at the numbers on some show, and denying it was going on. The real hurt started to happen about 4-5 months after that. So, although these things are called sudden, they don't really happen suddenly. Incidentally, I don't mean that this go around will be that bad. I think it will be different. I think we are headed into a recession and it will clear out a lot of old school stuff. Sears is one of those vanity businesses. Essentially, any business that doesn't have enough money left over after paying its interest expenses to keep up with what is going on in the world will have trouble surviving. Toys 'r Us just had it happen to them. Oil will go up. That will hurt a lot of regular people.
baha wrote:
I think the travel industry will be hit first. But airlines are always suffering...
Ibon wrote:baha wrote:
I think the travel industry will be hit first. But airlines are always suffering...
Freedom from all those damn ecotourists constantly asking me the name of that bug or bird.
baha wrote:The CEO of Ford is abandoning cars. They make the most money from SUVs and trucks so the dollar signs in their eyes are leading the way. This is a bad move. All your eggs in one basket is never good. All it will take is $4-5/gallon and they will be a has been. Hopefully they are working on EVs as well.
evilgenius wrote:They want to own the fleets that transport a city. I think that is Uber's eventual model as well. Whether either of these leave room for middle men owning micro fleets hasn't yet entered into discussion.
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