Blurts & Spasms

Thanks for the A2A Steve. IMO we’ve already passed the tipping point and have entered into a declining spiral. This is one reason why the focus in many developed countries has shifted to greater and greater financialization of markets, which abstracts (and thus conceals) the underlying problem via debt and speculation (i.e. creates “bubbles” that later burst). But this is just delaying the inevitable, which is a series of increasingly severe crashes. The reality is that the world is running out of cheap resources and cheap labor, which have always been relied upon to prop up unsustainable first-world consumption, and generate the illusions of increasing demand and profitability. One interesting trail marker within this process is the shift of goods and services from price-elastic demand into price-inelastic demand. I would encourage you to research the causes and consequences of this phenomenon. Very interesting window into why the promise of continued growth has long gone stale.



My 2 cents.