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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: mishedlo who wrote (35629)8/20/2005 3:28:28 PM
From: CalculatedRisk  Read Replies (5) of 116555
 
Hey ... that is cool. But Mauldin makes a slight error when he wrote:

Now, we need to realize that oil usage as a percentage of GDP is less than half of what it was 30 years ago. We are much more efficient. But it still has an effect.

If you check out the 2nd graph here:
angrybear.blogspot.com

... oil as a % of GDP is as high as 30 years ago ('74/'75). What Mauldin is thinking about is the 1980 crisis.
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