Bleak Economic Outlook Predicted For The Near Future.

Indeed, so it will be the status quo then. If indeed, this prediction is true, we will be very disappointed, since like most people, we were looking forward to some happier economic times.

Although, the author of this nearing tragedy, is a woman named Gail Tverberg, at least we're assuming that it's a woman, who seems to be obsessed with pessimism. On her blog, revealingly named, “Our Finite World”, one finds an almost infinite amount of articles, predicting doom and pessimism. Her pessimistic world view, seems to have occurred around a half century ago. Plus we suspect that she may also be Jewish. So those observations should be considered as well.

We have no real reason to dispute her assertions however, since, although Tverberg predicts a global recession, there is no disputing, that the US, with a debt of nearly forty, trillion dollars, is destined for failure and hardships after all those trillions, living off the hog. So this news isn't at all surprising but a man can hope. Also her article states the end of economic growth. Which prompts us to ask where has she been these last five years? In her article she highlights, energy scarcity, high interest rates and lowered industrial outputs.

The End Of Economic Growth: Energy Shortages Drive Global Downturn.

As the world enters 2025, the critical issue we are facing is Peak Crude Oil, relative to population. Crude oil has fallen from as much as .46 gallons per person, which was quite common before the pandemic, to close to .42 gallons per person recently.