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Page added on May 5, 2013
A mainstream brokerage firm talks End of Growth
perfect storm energy, finance and the end of growth
The economy as we know it is facing a lethal confluence of four critical
factors – the fall-out from the biggest debt bubble in history; a disastrous
experiment with globalisation; the massaging of data to the point where
economic trends are obscured; and, most important of all, the approach
of an energy-returns cliff-edge
7 Comments on "A mainstream brokerage firm talks End of Growth"
energy investor on Mon, 6th May 2013 12:26 am
Obviously prepared before the calculations from Reinhart and Rogoff were called into question…tho’I don’t think it affects their conclusions. I found this as excellent and inciteful article that I have forwarded to many friends.
pete on Mon, 6th May 2013 4:01 am
“The Warning” PBS Frontline, watch it.
next look up Brooksly Born 2009 JFK courage award.
watch her accept speech utube.
Every western nation has or is in the process of “bail in” if systemic crisis hits a bank.
See economic action plan 2013 canada, 109 congress bill s256 bank regulations USA , Spain amends constitution for bail in.
Mark Carney (gold in my sach) x-Can now British bank head is calling for a world wide bail in of all banks.
Ignorant: no knowledge of, unknowing, not a f-ing clue.
you will know what I mean after you lose it all.
REMEMBER Goldman Sachs and the politicians did it to you so cut all of there heads off, including family so the line stops their.
dashster on Mon, 6th May 2013 8:28 am
Fantastic report. I don’t know that they are a retail stock brokerage, but still amazing that they released it. This quote doesn’t go far enough – the occupation of Iraq was based on a lie:
“There was a sharp deterioration in the fiscal balance in the 2000s, of course, since the Bush administration saw no contradiction between cutting taxes and waging two major wars.”
J-Gav on Mon, 6th May 2013 10:06 am
A few investment groups are at last beginning to understand that neo-financial economics don’t take precedence over the laws of nature. But the masses will cry out: “Growth is dead. Long live Growth!”
Arthur on Mon, 6th May 2013 10:23 am
The report presents the data and analysis in a scenery of Roman and Gothic ruins at sunset or against the background of dark clouds signaling a gathering storm. This is the first time we see a financial institution actually understanding the critical role of energy in the economic process and even introduces the concept of EROEI in the analysis. Chapeau! The significance of this report is not in the analysis or data presented, that could have been taken from elsewhere years ago, but that finally strong warning signals have arrived at the topfloors of financial circles in the London-New York axis of Anglosphere.
Sinnycool on Mon, 6th May 2013 11:03 am
Arthur,
The above report is their second, not the first.
Back in 2010 they published this a document titled “dangerous exponentials – a radical take on the future”
It was the first and is still a worthy read (PDF warning):
http://www.tullettprebon.com/Documents/strategyinsights/tp0510_TPSI_report_005_LR.pdf
GregT on Tue, 7th May 2013 6:00 am
No need to worry, Econ/SOS and Plant have everything under control. We’ll drill our way out of this mess. Exponential arithmetic be dammed. Drill baby drill, damn the torpedoes, and all that good stuff. There’s still paper money to be made!