Comments on: Editorial: Some Thoughts on the Financial Crisis

By: Peak Oil - Root of the Economic Crisis? « The End of Capitalism

Peak Oil - Root of the Economic Crisis? « The End of Capitalism — Fri, 20 Feb 2009 06:45:40 +0000

[...] an article some months ago I suggested that “perhaps this crisis is simply an unconscious recognition of [...]

By: Oily Origins of the Economic Crisis | Sublime Oblivion

Oily Origins of the Economic Crisis | Sublime Oblivion — Thu, 19 Feb 2009 05:58:48 +0000

[...] an article some months ago I suggestet that “perhaps this crisis is simply an unconscious recognition of [...]

By: Russia Economy Crisis II: Anatomy of the Crisis | Sublime Oblivion

Russia Economy Crisis II: Anatomy of the Crisis | Sublime Oblivion — Thu, 04 Dec 2008 21:10:48 +0000

[...] this period, the oil price and the RTS both fell by about 35-40% in close unison. (NOTE: as I pointed out earlier, however, this decline per se is far from disastrous since unlike in the Anglo-Saxon [...]

By: Da Russophile

Da Russophile — Thu, 23 Oct 2008 04:04:00 +0000

An excellent point, Jesse, and one of the reasons why anything more drastic than a moderate slowdown in consumption growth is unlikely.

By: Jesse Heath

Jesse Heath — Tue, 14 Oct 2008 23:27:00 +0000

I would also point out that total Russian household debt = 3% of GDP, whereas it is more like 100% of GDP in the USA. In other words, while Russia’s recent booming economic growth was based on unsustainable high oil and gas prices, the USA’s recent mediocre economic growth was based on unsustainable levels of debt that fueled a consumption boom. In my opinion, Russia’s problem is less complex and more attractive than the US’s.