By Gail Tverberg: Oops! Low Oil prices Are Related to a Debt Bubble

This latest article by Gail Tverberg is a masterpiece. It’s long but well worth your time because it represents years of deep thought by Gail and distills everything you need to know about the economy into one paper.

It was interesting for me to learn that 1976, the year I graduated, was the year the world’s economy became permanently unsustainable. Now as we approach the bursting of the bubble that has kept our lives comfortable, it is time to take stock and make preparations for a much different world.

Oops! Low oil prices are related to a debt bubble

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