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A word about “Tipping Points”

Posted By Barry Ritholtz On July 16, 2005 @ 10:30 am In Commodities,Intellectual Property | Comments Disabled

A word about tipping points:

As much as I want to avoid using cliches, "tipping point," [1] is such an economical phrase, I ask you to grant me this indulgence [2] on rare occasions

Plus, I cannot help myself. The alternative is my writing:

"Eventually, oil prices will matter far more than they have so to date. The intersection between
energy consumption and the economy has a non-linear dynamic to it. While
$40 and $50 and even $60 oil have not done significant damage to global
consumption, there will come a certain price that will. Eventually, high energy will be the straw that breaks
the global economy’s back, causing a worldwide slowdown or even recession."

Or, I can merely type that Oil hasn’t reached its tipping point [1] yet.

I know it has rapidly become an over-used cliche, but it can be a terribly useful one.

To make it up to you, I hereby promise to refrain from using the phrase Blink [3] under all but the most dire circumstances.

Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2005/07/a-word-about-tipping-points/

URLs in this post:

[1] "tipping point,": http://www.amazon.com/exec/obidos/ASIN/0316346624/thebigpictu09-20/102-1793806-1323309

[2] this indulgence: http://bigpicture.typepad.com/comments/2005/07/the_oil_uproar_.html

[3] Blink: http://www.amazon.com/exec/obidos/ASIN/0316172324/thebigpictu09-20

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