Jeff Rubin, The Big Flatline: Oil and the No-Growth Economy
This Financial Sense Newshour program is available only as a premium, paid "FS Insider" release.
For advance notice of release of premium, paid "FS Insider" content or to purchase a monthly or annual subscription to "FS Insider" content, go to www.financialsense.com/subscribe.
In an urgent follow-up to his best-selling Why Your World Is About To Get A Whole Lot Smaller, Jeff Rubin argues that the end of cheap oil means the end of growth. What it will be like to live in a world where growth is over?
Economist and resource analyst Jeff Rubin is certain that the world's governments are getting it wrong. Instead of moving us toward economic recovery, the measures being taken around the globe right now are digging us into a deeper hole. Both politicians and economists are missing the fact that the real engine of economic growth has always been cheap, abundant fuel and resources. But that era is over. The end of cheap oil, Rubin argues, signals the end of growth—and the end of easy answers to renewing prosperity.
With China and India sucking up the lion's share of the world's ever more limited resources, the rest of us will have to make do with less. But is this all bad? Rubin points out that there is no research to show that people living in countries with hard-charging economies are happier, and plenty of research to show that some of the most contented people on the planet live in places with no growth or slow growth. But bad or good, it's the new reality, and Rubin reveals how our day-to-day lives will be drastically changed.
About James J Puplava CFP
|04/25/2017||Kathy Fettke on Interest Rates and Affordability of Real Estate||bcast|
|04/24/2017||The Republican and Trump Tax Plan – Who Benefits?||bcast|
|04/22/2017||When Things Get Crazy, Don’t Get Lazy – Focus on Risk!||bcast|
|04/22/2017||Tom McClellan on May Top, June Swoon, and “Mother of All Rallies”||bcast|
|04/18/2017||Dr. Wade Pfau on the Greatest Risk to Your Retirement||bcast|
|04/17/2017||The State of American Retirement||bcast|
|04/15/2017||Are the Credit Markets Signaling Trouble Ahead?||bcast|
|04/15/2017||Technician Jonathan Krinsky on US Stock Market; Robert Rapier on Oil Prices||bcast|
|04/11/2017||The United States Is Broke and a Net Debtor||bcast|
|04/10/2017||Tax Planning With Your Investments||bcast|