Cees Bruggemans: It's not that bad vs Nick van der Leek: It's worse than we can imagine

SHOOT: Time will tell. In the future people will wonder how the world got so out of whack. Simple. People like Cees feeding our desperate hope and wish that 'everything is going to be okay' in the face of overwhelming evidence to the contrary.

clipped from www.moneyweb.co.za Meanwhile global productivity is set to jump as output lifts but initially jobless, starting the repair of business earnings and tax revenues first, and only with a lag resuming job growth. Cees Bruggemans tells us why things aren’t all that bad. Snore snore - it's no big deal, it's just cyclical Cees you ought to be commended for being so wonderfully positive. |It pays of course, in banking, to see the positive/profit side to everything. Unfortunately, reality is reality. And reality is simply this: there is an energy cycle known . .more as discovery and production. Economics is nonsense with no energy to drive it. Discovery peaked 30 years ago. And there is a 30 year lag for production to come online fully (to mature). So if you want to think cycles and patterns, well, there's Hubbert's Peak. On the way down, there are false rallies, but it's a permanent contraction. But keep selling the upside. I'm sure you can squeeze out some more money before the market is all dry. . .less