tag:blogger.com,1999:blog-18079728.post2191673365009331895..comments2023-11-02T07:30:03.967-07:00Comments on Cassandra Does Tokyo: It's the Silly Season (in DC)"Cassandra"http://www.blogger.com/profile/17412381249313151515noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-18079728.post-7197782068258270042008-08-01T14:59:00.000-07:002008-08-01T14:59:00.000-07:00In the silly "Fool's Gold" there's a scene in whic...In the silly "Fool's Gold" there's a scene in which a thief goes into an underwater cavern after ancient treasure. The waves come in and the villain is turned into a red mist as he's blown upward through a "blowhole" in the coral. <BR/><BR/>Without drawing too broad an analogy, may we liken the "drill more holes" crowd to that villain? He could after all have waited for the tide to ebb and Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18079728.post-17505693271091015622008-07-27T06:54:00.000-07:002008-07-27T06:54:00.000-07:00For the general amusement of your readers: Deep w...For the general amusement of your readers: Deep within the 700 page Housing Bill recently passed, as part of the FHA foreclosure rescue program, is a provision to help the HELOC portfolio of giants JPM, WF and BAC. Those who subordinate to a reconfiguration of the underlying 1st mortgages will get "equity participation certificates" which will allow them to share in any future appreciation in Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18079728.post-21250653931935958692008-07-26T12:05:00.000-07:002008-07-26T12:05:00.000-07:00I suspect that the highest returns in the energy b...I suspect that the highest returns in the energy business, pace Amory Lovins, are neither on the demand side nor on the supply side, but on the regulation side. That is, a dollar invested in influencing Mr Dodd et al. to create regulations that make me rich pays off much better than a dollar invested either in increasing supply or in decreasing demand. If we don't tackle that problem the others Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18079728.post-29607139430552915562008-07-26T08:36:00.000-07:002008-07-26T08:36:00.000-07:00Did you perhaps mean the highest marginal returns ...Did you perhaps mean the highest marginal returns on investment are on the demand side? NB: Much like personal savings, a lesson Americans seem to have forgotten. <BR/><BR/>One suspects, or wants to believe at any rate, that there is some new mode of consumable energy out there that is just waiting for sufficient investment (or perhaps carbon taxation) to become commercially viable.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18079728.post-53929319641477929852008-07-26T02:00:00.000-07:002008-07-26T02:00:00.000-07:00Oh, indeed.Is Speaker Pelosi even aware she is inf...Oh, indeed.<BR/><BR/>Is Speaker Pelosi even aware she is influenced by Keynes imperfectly, or by Chicago School particularly? Possibly not.<BR/><BR/>For that matter, I see similar leanings in Senator Obama's pronouncements, Volcker's endorsement notwithstanding.<BR/><BR/>Perhaps an introduction could be arranged, for both, to Joseph Stiglitz? He's native, charming, a prize-winner, and reasonably Anonymousnoreply@blogger.com