Sunday 5 October 2008

The next indeflation: NYT calling for a "localized energy" bubble

"By 2012 to 2013, our profits could be higher than many Fortune 500 companies."

Who could possibly be thinking this way in a month like this?  The article suggests that the venture capital surrounding green technology companies is a likely destination for non-risk-averse cash fleeing the bloated popped-corpse of real-estate. While it has landed mostly in commodities for the moment, it will flee, just as it has oil, as we see global demand for these commodities drop.  When it does, maybe it will indeflate this bizarre, intangible, inadequately theorized, and altogether ontologically-suspect "stuff" called energy.

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