YET.

Unfortunately Felix the price of a stock trading at 5 times sales and 80 times earnings can still go up further. The problem is if sales and earnings do not continue the explosive growth that justified the huge multiples you eventually get a crash in all cases. It is the same with us I am afraid. Cheap energy is a drug more powerful and addictive than any narcotic. I do not belive an energy crash will happen in my lifetime but I do belive it will happen within a few generations.

Best hopes for our species to become the first in earth’s history to self regulate its population.

It’s reports like this that make statistics seem meaningless. Since a dollar is not like a second or a meter in that its value is not only constantly changing, but is relative to other currencies, it seems useless to measure poverty in dollar terms. I’d rather see what percentage of the world has access to clean water, enough calories per day, shelter from the elements, and education.

Oh Felix, this is a comment beyond inane.
What’s managed to create this situation is OIL. The same oil that is running out — and may well trash the climate in many places just before it does run out.
Do you seriously think we can maintain the current population (kept fed by, eg, massive irrigation and nitrogen fertilizers) when the cheap energy ends?

The whole POINT of the messages of people like Ehrlich was to try to manage the situation, so that when the oil ends we have transitioned to a sustainable alternative. But that ship has sailed, and the only real question now is, when the oil ends, does the die-off occur through famine or nuclear weapons.
And this stupid — and (once up on a time preventable) — state of affairs has arisen precisely because of fools who think they are being clever by mocking Malthus.