Ah yesssss, the persuasive power of top ten count downs. I’m going to have do more of them I see.
This one is taken from this very useful article from the Hawaii Daily News, “10 Tipping Points Which Could Potentially Plunge The World Into A Horrific Economic Nightmare “, to which I say, “what, only ten?” Anyway, you be the judge, here they are:
- More revolutions in the Middle East
- Oil Prices
- Government Austerity
- The European Sovereign Debt Crisis
- The Dying US Dollar
Naturally, I concur, broadly speaking with each and every, although I have tended to group them differently, all of the Islamic/Middle East mess as part of a larger lump of social unrest lump, for instance. I might discount some of them a bit, such as Fukishima, while significant in its own way, is but one smallish wart on a much bigger frog.
Still, this version works well enough for me and, I suppose, that is the author’s point. The systemic fragility of the global economic system is such that even smallish bumps in the road could tip things over altogether and, sadly, I believe that’s about right. More to the point, I’m not sure it can be avoided.