@ all doomers
The ETP model remains the best explanation I see for what we can observe in the current events in the world. For example, consider this article on the collapse in the credit markets:
http://www.telegraph.co.uk/business/201 ... -disaster/Or consider Gail Tverberg's article talking about the simultaneous decline in all fossil fuels:
https://ourfiniteworld.com/2016/06/20/c ... s-problem/(The Tverberg article is a reprint on Alice Friedemann's site from about 9 months ago.)
What Ambrose Evans-Pritchard and Gail are doing is putting together a bunch of random observations. E.g.:
*more debt is no longer producing more GDP growth
*incomes are not rising
*banks no longer perceive that making more loans is a good idea
What is missing is some overall explanation for why these random events are happening. Gail hints that depletion may be a problem, but she is allergic to a thermodynamic explanation. It is the underlying logic of the thermodynamic explanation that keeps me coming back to the ETP model.
Don Stewart