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Tuesday, December 14, 2004

Wanker 36,000

The business opportunist James Glassman who wrote the absurd Dow 36,000 tome a few years ago, and now runs the puerile Tek Centraal Stazione, thinks he understands global geological and atmospheric physics. The following has to rate as the most aggravating statement I have seen in the last year (commenting on Kyoto):
True. But don't wait for the Greens to lead. Instead, responsible advocates are building a consensus around the right approach, which concentrates not on destroying the economies of developing countries through limits to growth, but on improving those economies through the use of more energy -- the best leverage for boosting living standards. Wealth, after all, makes health. As a nation gets richer, it gets cleaner.

Is there a way to make money by "selling short" clearly untenable ideas?

2 Comments:

Professor Blogger DarkSyde said...

Is there a way to make money by "selling short" clearly untenable ideas?Well yes there is. Short bonds if Bush's social security and tax reforms pass. Assuming the trades even setttle in the apocalyptic economic aftermath of a collapsed US dollar and treasury market, and that currency still holds value, you'll make a mint.

9:48 PM  
Professor Anonymous Anonymous said...

Well, that'll be the contents of Glassman's next book, I presume.

9:28 PM  

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