There's a global Great Recession, and the arguments that its due to a mismatch between available jobs and worker skills are just smoke to rationalize the growing inequality. Peter Thiel argues that its due to the cost of energy.[1] A recent article about the price to import coal to India supports his argument.[2] The Superbubble has popped, and every sector is cutting back for private equity to make inroads.

1. The Prospects for Technology and Econimic Growth http://www.youtube.com/watch?v=XRrLyckg8Nc

2. Grinding Energy Shortage Takes Toll on India's Growth http://online.wsj.com/article/SB1000142405270230433120457735...