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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:
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  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  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:
 "tipping point,": http://www.amazon.com/exec/obidos/ASIN/0316346624/thebigpictu09-20/102-1793806-1323309
 this indulgence: http://bigpicture.typepad.com/comments/2005/07/the_oil_uproar_.html
 Blink: http://www.amazon.com/exec/obidos/ASIN/0316172324/thebigpictu09-20
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