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Hi Stoneleigh,
This might be of interest:
FORGET PEAK OIL, PEAK NET WORTH IS THE REAL DANGER
http://www.financialsense.com/editorials/willett/2007/0821.html
Peak net worth for USA expected to occur in 2020, shown by blue line in chart above.
As the world uses its limited natural resources, including fossil fuels, it could be argued that peak net worth will occur as the ratio of remaining natural resources to people decreases. (peak net worth could be measured in real resources, not paper money)
They keep talking about all this huge consumer credit expansion. How do they figure that they will get paid when there is no collateral for the most part?
Interesting, but I doubt the projection of that peak net worth line to a 2020 maximum. I think peak net worth was July 2007, coincident with what should be a lasting stock market top. IMO we are now in the very early stages of a credit crunch that should see peak net worth plummet, beginning this fall.