You admitted it's personal, which explains the focus on Berman's speaking style instead of the math.
You claim Berman didn't 'prove' the world is constrained by debt. Global debt is currently sitting at over 315 trillion That is roughly 3.30 times global output. Explain how a system carrying that debt survives a wartime energy spike without demand collapse. Finding that ratio was not hard. Perhaps it was your responsibility to find out how much debt there is.
Weak growth is growth lower than the cost of the debt. If the debt grows faster than the economy, the system goes tits up.
Pointing out that Berman was wrong about shale in the past doesn't change the current laws of thermodynamics, compound interest, or the laws of the universe.
Engage with the actual argument. That a wartime spike in a debt-saturated economy will destroy demand before supply can respond. Or admit you have nothing to add.
You have not engaged with the argument.
Iran War Oil Issues
Started by K-Dog Today at 04:25 PM
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