Fred W

Global Warming: Investment Implications

It is a simple risk/reward calculation...the "risk" is simply not worth the "reward". Earthquake, suitcase nuke...? Trying to equate one time events that are actually insignificant in the "bigger" scheme of things is worthless to the discussion.
Billions and trillions of taxpayer money...1 trillion equal 1000 billion so making that jump is about a coherent a leap as your earthquake/nuke drivel.


On Aug 20 10:47 AM Swashbuckler wrote:

> We can "what if?" things all day long. " What if" a suitcase nuke
> goes off in LA or Manhatten? Or an earthquake separates CA from the
> USA. Sometimes it is better to wait for legitimate evidence before
> obligating billions or trillions in taxpayer funding.

Global Warming: Investment Implications

The REAL answer is that we DON'T know the answer. But you must ask yourself, "What is the penalty for being wrong?" On one side of the coin you have the possible downside of dramatically slow economic growth and large shift toward efficiently using of resources.
On the other side of the coin you have the potential for global catastrophe and the beginning of another dark age.
There are no credit default swaps to hedge global warming--no-bail outs possible. If it happens, we are stuck with the carnage.
So, do you feel lucky?
OR are you just planning on dieing before any of the real downside risk shows up?