please read this and prepare accordingly, page-83

My original nic was Tony9 or Anthony9 from memory.

I preferred Investorweb in those days.

As to peak oil?

I never mentioned peak oil.

My theory is based on housing collapsing.

I think house prices were artificially bid up with the cheap credit and lax lending standards.

Those days are long gone.

People are saddled with massive debts and a falling market.

The housing market has collapsed in the US,UK Spain Ireland ,New Zealand and soon Australia.

If the sharemarket is a discounting mechanism then it certainly sees something bad on the horizon.

Even the dumbest person would have to recognise that.