Professor Mark Steyn just over five years ago:... «If you mean the argument on «global warming,» my general line is this: For the last century, we've had ever - so - slight warming trends and ever - so - slight cooling trends every 30 years or so, and I don't think either are anything worth
collapsing the global economy over... «Then from 1940 to 1970 there was a slight cooling trend.
That thing about
collapsing the global economy was invented by theater - critic Steyn to scare you.
My general line is this: For the last century, we've had ever - so - slight warming trends and ever - so - slight cooling trends every 30 years or so, and I don't think either are anything worth
collapsing the global economy over.
Fossil fuels have run dry, global warming is in full effect, there are widespread social problems stemming from
a collapsing global economy.
The surplus had nothing to do with new supply but was completely due to decreased demand from
a collapsing global economy.
It's not uncommon for people these days to have a negative reaction to the idea of being in debt — after all, irresponsible debt practices all but
collapsed the global economy less than a decade ago.
They will say you are trying to
collapse the global economy or something.
Both plans will result in GDP reductions that will probably
collapse the global economy as it is structured presently.
Not exact matches
And if the
global economy truly is as screwed as some believe — like Kyle Bass, for example, a Dallas fund manager Lewis encounters who predicted the sub-prime mortgage disaster and who has since bought an isolated ranch with its own water supply and an arsenal of weaponry, betting on severe economic
collapse — then you're probably better off saving your nickels.
«I don't think we're looking at a
global economic
collapse anymore,» says Mintz, who works in administration at the College of Registered Nurses of Manitoba, «and the Canadian
economy will recover next year.»
But at a time when the public sector has made a major resurgence in the
global economy in the wake of the economic
collapse, Barton feels McKinsey is still «looking through a keyhole» at public - sector issues.
But unlike the 2011 rout, sparked by the eurozone debt crisis, the sudden
collapse of
global equities markets that began last week is all about China — which makes it all the more unnerving since few have a good grasp on how the world's most important emerging
economy actually works.
Closer to home, when the Dow Jones Industrial Average
collapsed by a record - breaking 554.26 points, the whole
global economy seemed poised on a precipice.
As the
global economy deteriorated in 2008, the
collapse in virtually all asset prices led to the unwinding of the yen carry trade, leading to it surging as much as 29 percent against the yen in 2008, and 19 percent versus the US dollar by February 2009.
The 2008 - 2009 oil price
collapse was part of an overall crash of the entire
global economy.
When the
global economy looked ready to
collapse, China initiated the biggest stimulus program ever to buttress its growth.
2008
global financial crisis, world HNW and MC's, flooded back into US, driving USD strength, flatlined
global economy, decelrating trade,
collapse of commodity values, reduction in opportunity horizon of Manufacturing and Productive EM, along with debt dynamics in China accelerating (Money Printing, Asset Bloat) and staid developed world horizons and Equity bloat in US.
The Canadian
economy continues to work its way back from the post-crisis
global recession and the associated
collapse in our exports while, at the same time, is adjusting to lower prices for oil and other commodities as well as a much lower exchange rate.
The analyst adds that a dollar
collapse seems far - fetched at the moment, since the
global economy is very dependent on the greenback.
The common commitments undertaken there to engage in fiscal expansion, strengthen financial regulation, resist trade protection, and enhance the capacity of international financial institutions to respond to problems in emerging markets were effective in halting the
collapse of the
global economy.
A dollar
collapse would destroy the entire
global economy.
While the
global economy is teetering on the edge of
collapse, what alternative systems could possibly be put in place quickly enough to prevent a total catastrophe should the current system be eliminated and / or substantially reworked?
Inaugurated in 1999 as a meeting of finance ministers from developed countries and emerging
economies, the G20 has turned into a top - level summit coordinating the
global response to the financial crisis after the
collapse of Lehman Brothers in 2008.
With the dust settled after the preceding autumn's near -
collapse of the
global economy, City minister Paul Myners came under intense pressure in February.
Add to this the terrible state of the
economy that Buhari inherited, headlined by a
collapse in
global crude oil prices, our main export earner, and the rapacious emptying of the national treasury by previous governments, and you have a seething, discontented people.
The green
economy continues to show vitality, business leaders say, despite the near - total
collapse of
global climate talks, stalemate in Washington, D.C., and polls showing decreased urgency to tackle
global warming
Complexity theorists, meanwhile, are increasingly confident that they can detect warning signs of imminent
collapse in systems such as the
global economy.
He was brought in as a brainy Ph.D. who crunches
global data — but when Ryan ferrets out a meticulously planned scheme to
collapse the U.S.
economy and spark
global chaos, he becomes the only man
When four outsiders saw what the big banks, media and government refused to, the
global collapse of the
economy, they had an idea: The Big Short.
When four outsiders foresee the impending
collapse of the
global economy long before the big banks, media and government regulators realize what's happening, they capitalize on it by shorting the booming housing market through the invention of a clever financial instrument called the credit default swap.
About ten years ago, a couple of whistleblowers blew the frigging lid off a national crisis — the impending
collapse of the
global economy.
The public is faced with nearly two decades of struggling
global economies, unemployment, and the
collapse of numerous financial institutions.
«Environmental scientists have been saying for some time that the
global economy is being slowly undermined by environmental trends of human origin, including shrinking forests, expanding deserts, falling water tables, eroding soils,
collapsing fisheries, rising temperatures, melting ice, rising seas, and increasingly destructive storms,» 6.
Finalist in the 2015 INDIEFAB Book of the Year Awards and semifinalist in the 2015 Kindle Book Awards, Do Not Resuscitate is the firsthand account of Jim Frost, an aging misanthropist who witnessed the rise and fall of the United States as a world power, the digitalization of the planet, the advent of the water wars, and the near
collapse of the
global economy.
At the center of the economic
collapse that struck the
global economy in late 2007 was the crash of the American housing market.
Most people would have considered them «too big to fail» in the sense that their
collapse would have broader implications for the rest of the American and
global economies.
And maybe it's the perfect time for it, anyway — with an hysterical media insisting the market (& the
global economy) are on the verge of
collapse again, a reminder of the opportunity & rewards of medium / long term equity investment may offer some welcome relief.
As I return home to Canada,
global economies it seems are still picking up the pieces following the dotcom bubble bust, 9/11, the great recession, the U.S. housing market
collapse and the resulting credit crunch.
He has argued that failed banks should not be bailed out, Lehman's
collapse was not a disaster, AIG should be declared bankrupt, that naked short selling is not a problem, that backdating isn't so bad, insider trading should be legal, many corporate CEOs are underpaid,
global solutions are worse than local solutions, Warren Buffett is overrated, Michael Milken is a great American, the
collapse of the hedge fund was not a scandal, hedge funds are over-regulated, education is overrated by the educated, bonuses at successful Wall Street's firms are deserved and possibly undersized, management buyouts are boons to the
economy, Enron's management was victimized by an over-zealous prosecution, Sarbanes - Oxley should be repealed, corporate compliance culture is a disaster, shareholder democracy is overrated, hostile takeovers ought to be revived, the market is permanently moving away from public ownership of equity in corporations, private partnerships are on the rise, public ignorance is encouraged and manipulated by governments and corporations, experts overrate expertise, regulatory agencies are controlled by the businesses they supposedly regulate and Wall Street is much more fun than people give it credit for.
Now that the
global economy and China's exports have
collapsed, there will be no income growth to support investment growth.
If any one of these countries
collapses, or the EU breaks up, it could result in a tumultuous market and result in a huge, unexpected, change to the
global economy.
The government's actions to avoid financial
collapse last fall — as distasteful and unfair as some undoubtedly were — were unfortunately necessary to prevent a
global economic catastrophe that could have rivaled the Great Depression in length and severity, with profound consequences for our
economy and society.
The works in Disco Angola are all dated from 1974 or 1975, a pivotal moment in the history of
global political
economy: the Bretton Woods monetary regime had
collapsed, the 1973 oil crisis was just abating,
global markets were enduring the worst crash since the great Depression and the rapprochement between the US and the Soviet Union was breaking down.
Third, most of our top rank experts and the people in many places, the ones who refer to each other as «the brightest and the best» -LCB- and point to each other as the «smartest guy in the room» -RCB-, appear not to rejected adequate ways of communicating to the family of humanity about what people somehow need to hear, see and understand: the rapacious dissipation of Earth's limited resources, the relentless degradation of the planet's environment, and the approaching destruction of the Earth as a fit place for human habitation by the human species, when taken together, appear to be proceeding at breakneck speed toward the precipitation of a catastrophic ecological wreckage of some sort unless, of course, the world's colossal, ever expanding, artificially designed, manmade
global political
economy continues to speed headlong toward the monolithic «wall» called «unsustainability» at which point the runaway
economy crashes before Earth's ecology is
collapsed.
Because oil under girds the world
economy, oil depletion will result in
global economic
collapse and population decline.
I know you have invested so much into that entire
global warming story, but I see it as very secondary compared to the already unfolding Great Unraveling, with all rich
economies in chronic downfalls that will last and last (real U.S. unemployment already 20 %, debt at $ 14 trillion is trivial compared to $ 114 trillion of uncovered obligations, all E.U. save for Germany is
collapsing etc., etc.).
My opinion is that, putting
global warming and climate change aside, we have much greater evidence of the difficult future caused by land degradation, shrinking drinkable water supplies,
collapsing fish stocks, and the troubles that will be caused to the
economy and society as supply of oil and gas supplies shrink and energy becomes too expensive.
Rather than bring the
global economy in for a soft landing after the
collapse of industrial capitalism by using the rising information sector to spread wealth, the ruling classes chose to do what they always do: they exploited the situation for short - term gain, grabbing whatever they could for themselves.
Moving the
global economy off its current decline - and -
collapse path depends on reaching four goals: stabilizing climate, stabilizing population, eradicating poverty, and restoring the
economy's natural support systems.
Their vision involves narratives of moribund western
economies governed by corrupt corporations
collapsing under the weight of the internal contradictions — leading to less growth, less material consumption, less CO2 emissions, less habitat destruction and a last late chance to stay within the safe limits of
global ecosystems.