Thursday, June 16, 2011

Peak credit and a flight to simplicity by Chris Cook

Asia Times  - from 2008; apparently someone on FB thinks it is helpful for understanding the global economy now.

Peak Oil - the theory that we may be at or near a peak level of oil production - while remaining controversial is at least now respectable. But is the continuing credit crash masking another inconvenient truth? Might banks now be experiencing the aftermath of peak credit? 

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