I thnk we'll look back on July, August and September 2005 as a discontinuity as we shift to a Post-American, Post-industrial world economy. Too many apparently separate things piling up on top of each other.

Dan talks about US gas (petrol) prices rising as a market correction. But it may also see the end of the 8 litre V10 SUV. And it's the SUV that has been propping up the US car industry. Are they prepared with a fleet of economical small cars ready to sell to a willing public? I rather think not.

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[ 03-Sep-05 7:53pm ] [ ]