ClubOrlov:
Most places we care to look, we can observe a commonplace pattern: some phenomenon reaches its all-time peak shortly before commencing a swift or a steady decline. Drug habits reach their maximum dosage right before the addict overdoses. Morbidly obese patients attain their maximum weight right before their internal organs give out. Fever reaches its peak right before it breaks, and then the patient either recovers or dies. Water surges to its highest level right before the dam breaks. Financial pyramid schemes reach their pinnacle right before they fail.
Even during the downward slide a temporary improvement is sometimes possible. For example, the US reached its all-time peak in crude oil production around 1970. After that, oil production declined for decades, with a minor, temporary improvement when production from Prudhoe Bay in Alaska went on stream in the summer of 1977, and a major one achieved using hydrofracturing technology and a very large and mostly unprofitable speculative investment.
Cont....
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