[lbo-talk] Time of the great freeze

Doug Henwood dhenwood at panix.com
Wed Jan 18 12:11:19 PST 2006


Peter Lavelle wrote:


>Wow! It is cold here

What's happening, global warming missing you? It was 56F/13C in NYC earlier today, one reason that natural gas prices are falling off a cliff.

I love the financial markets - get a warm day in January, and they sell energy. Never mind what might happen next week, or what's happening halfway around the world! Reminds me of Keynes's example of how the stock of ice companies was higher in summer than winter, which shouldn't happen if the markets really were discounting the future, as propagandists claim.

Doug



More information about the lbo-talk mailing list