Ferdinand E. Banks

How the Copenhagen Climate Treaty Will Affect Equity Markets

Mr Ronslim, "real science has NOT....", and Copenhagen is NOT going to....

The reason is that Copenhagen is quite simply nonsense, and its purpose is to convince the television audience that it will save their climate bacon - if, indeed, it needs saving. The people who go there also need to drink some Danish beer, and I hope visit those marvelous jazz clubs - if they are still open. And Mr Steve, the next president is NOT going to withdraw from that silly treaty because politically it would be the wrong move. The wrong move for him. that is.

As for more Green investments (i.e. renewables), those are needed. If it means playing along with foolishness like the Copenhagen meeting, then so be it. The thing that needs to be stopped though is cap-and-trade. Who came up with that crazy idea?

The U.S. Is Losing the Economic Cold War

The problem is that there were only two candidates for the presidency. There should have been 20, in which case the one chosen might be rated satisfactory by the persons in this forum. As things have turned out, I'll stick with Mr O. for the next few years.

And by the way, working through 50 trillion in derivatives because of excessive leverage sounds looney-tune to me. If I had heard that when I was teaching international finance I wouldn't have waited for a break to reach for the aspirin. Try thinking in terms of notional values.