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Some time ago, I shared Chris Martenson's Crash Course, a multi-hour YouTube primer on the dangers societies can face when exponential growth occurs in a variety of areas like resource extraction, population, and the unchecked market activity that causes financial and commodity bubbles. That series is still, in my opinion, required viewing. If you haven't already, get on it. Seriously.

Someone else has recently been as struck by The Crash Course, and this time it's not someone in the Doomer Porn club. No, it's an economic investment firm widely quoting Martenson and elaborating on his ideas. Dr. Tim Morgan wrote this strategy insight for a London investment firm called Tullet Prebon (link to a pdf). A taste:

To grasp our thesis -- which is that the world is in the grip of a plethora of unsustainable exponentials -- the investor needs to understand the basic logic of exponential progressions. Essentially -- and this is a point which is unlikely to be a new one to anyone working in financial markets -- any chart of a linear progression eventually turns into an exponential, 'hockey-stick' curve. . . .

'So far, so what?', might seem an apt observation at this point. But the principle of exponential expansion takes on a wholly new meaning when it is applied to critical, real-world parameters.

(Emphasis by the author.)


Well worth a read.

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