Peak Oil is You
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Page added on March 5, 2013
The World No Longer Needs Raw Materials To Grow
It would appear from the chart below, that the world, in its infinitely capable manner, has not only managed to create ‘wealth’ from thin air, but can ‘expect’ growth in the future with no apparent impact on the price of the raw materials that will be needed to create that growth. Unless, of course, the growth that equities are discounting is central bank assets and joblessness…
For 14 months, the growth being priced in to stocks has had no pricing impact on all those wonderful raw materials… It seems LTRO was a game changer and hope is indeed a strategy once again…
7 Comments on "The World No Longer Needs Raw Materials To Grow"
BillT on Tue, 5th Mar 2013 1:53 pm
“And in the beginning God created…”
If that is true, then:
“And the Four Horsemen rode out…” is also true. Think about it.
DC on Tue, 5th Mar 2013 3:04 pm
RoFL! Too funny….
Hugh Culliton on Tue, 5th Mar 2013 7:44 pm
Is this article a very subtle joke?
Adam Grant on Tue, 5th Mar 2013 8:21 pm
Economic growth can continue despite decreasing resource extraction if humanity gets more efficient at turning resources into things people actually need.
For instance, a transition from farmed beef to vat-grown meat would reduce resource use by a large multiple.
J-Gav on Tue, 5th Mar 2013 8:49 pm
Out of thin air, yeah, just like the money system we bow down to – what a pathetic farce! Of course, Zero Hedge is being very ironic here.
rollin on Tue, 5th Mar 2013 8:54 pm
If you look just at most metals, they never rise above their 2008 levels. However, metals and other commodities had had a steep run-up before 2008.
Interesting how the CRB index did not fall during the “recession”.
BillT on Wed, 6th Mar 2013 2:18 am
Economists trying to prove that they are intelligent, yet none of them accept that the days of growth are over and their careers are also history.