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And hardly anyone is predicting a long-term collapse of oil prices.
Mr Sainath points to the long-term collapse of markets for farmers' produce.
Compare Britain in 1600, say, and Britain now and you would probably find that there really has been a catastrophic long-term collapse in the popularity of morris-dancing.
Faced with a long-term collapse in the Lib Dem vote, which has ebbed away since Clegg went into coalition with David Cameron's Tories in 2010, they would not be attempting to win new seats.
West Antarctica has warmed much more than scientists had thought over the last half century, new research suggests, an ominous finding given that the huge ice sheet there may be vulnerable to long-term collapse, with potentially drastic effects on sea levels.
This study found that the great toe and central forefoot regions are the foot loads bearing parts in the fifth-toe deformity group and the most sensitive areas to foot ulceration due to long-term collapse impact.
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Some scientists say the major west Antarctic ice sheet has already started a long term collapse that could change eventually change the world's coastline.
His relentlessly bleak vision is that catastrophic events, long term (collapsing dollar, out-of-control oil prices, climate change) and short term (Iraq, Katrina, government-sanctioned torture), will produce the downsizing of America, secession movement or no.
Charles W. Peabody, an analyst at Portales Partners who has a sell recommendation on Citigroup, noted that the Long-Term Capital collapse occurred in a relatively strong economy.
Mr. Meriwether, who now manages around $425 million at his new firm, JWM Partners, had remained largely out of public view since Long-Term's collapse, which unnerved global markets and required an extraordinary bailout by a coalition of Wall Street banks under the guidance of the Federal Reserve.
Open image in new window Fig. 12 Long-term venous collapse following central venous catheterisation.
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