FIRE on fire
Posted by Christopher Smith
There is, understandably, a lot of discussion about the economy right now. Eric Janszen’s article in Harpers strikes me as one of the better articles I’ve read on the subject. I find it interesting that he thinks the money is shifting in to alternative energy. It makes sense as a hedge bet, but is so capital intensive I can’t imagine it holds up for long.
UPDATE: Looks like the feds have made their next move. Hold on to your seat belts tax payers! It’s gonna be a bumpy ride.
I think its self-evident, since gas prices are higher and higher.
Hodinky said:
Oh I’m sure there is money to be made there and people are investing in it in growing numbers (if nothing else, as a hedge against increased energy prices). I’m just not so sure it makes sense as a place for a speculative bubble. With baby boomers aging in particular, the shift has been towards “safer” and more “liquid” investments, and alternative energy loses on both counts.