Reality Report: global economy under stress (with transcript)

16 Dec 2007 |
View all related to credit | economics | economy | mortgage | Oil | Reality Report | Resource Depletion
View all related to Jason Bradford | Nate Hagens

Higher energy costs and a crisis of credit as a result of huge US debt levels will cause the US and global economies to contract in the near future. On this edition of the Reality Report, Nate Hagens of The Oil Drum discusses these stresses and possible implications for responses to peak oil. NEW: A transcript of this interview is now available.


Ron Cooke: Credit Crunch: It Ain’t Over Yet

18 Nov 2007
View all related to credit | debt | economics | enconomy | mortgage | Oil
View all related to Ron Cooke

In March 2007, the Cultural Economist Ron Cooke predicted a recession. Today he notes, "we are sinking into a credit crisis of very large dimensions."