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The Fossil Fuel bubble is small compared to the climate change bubble.
The math is clear: there is a fossil fuel bubble.
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Even if inflation in the prices of goods and services remains lower than in the 1970s, overly lax monetary policies will fuel bubbles in house prices or equities in many countries.
In good times upgrades fuel bubbles; in bad times downgrades automatically send markets spiralling.The obvious solution is to strip the rules of references to ratings where possible, so that the market, rather than a government mandate, determines the extent of their use.
8.25am BST House price rise fuels bubble fears More now on today's house price story and George Osborne's attempts to allay fears the UK is headed for another bubble.
If the world economy is going to come into better balance, with fewer vast sums of money sloshing around the globe fueling bubbles like the ones that imploded disastrously in 2008, it will be in part by getting that number up over time, and there has been progress.
Lawrence Summers, the top administration economic guru, is a symbol of the Clinton-era deregulatory orgy that helped fuel the bubble.
The irony is he probably did more than any other individual to fuel the bubble when he was running Halifax.
This has allowed banks to make even more housing loans, helping to fuel the bubble.This time the banks themselves are less exposed to a property bust, but the sheer size of Fannie Mae and Freddie Mac (which at the end of 2002 accounted for 44% of all mortgage debt) could pose a risk to the whole financial system.
It appears the Chinese 'supercycle' propaganda is just like all the rest, an industry myth meant to fuel a bubble that may have already burst.
Even after all the country has gone through, the titans who fueled the bubble are heedless.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com