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Great Expectations
“Great Expectations” is the title of a classic novel written by Charles Dickens in 1861. It is regarded as perhaps one of his greatest novels. The title “Great Expectations” can also be applied to President-Elect Barack Obama, our soon-to-be 44th President.
President-Elect Obama will be expected to cure our country’s economic ills and quickly. I believe that the nearly 1,000 point stock market sell-off this past Wednesday and Thursday was due to Wall Street ‘disappointment’. The cry-babies on Wall Street were disappointed that President-Elect Obama did not hit the ground running and immediately appoint the future Treasury secretary.
Speaking of the future…
10Nov2008 | Oxbury Research | Comments Off | ContinuedIEA Demands $45 Trillion Investment in Clean Technology
The world must spend $45 trillion to cut its dependence on oil and reduce greenhouse gasses, the International Energy Agency (IEA) said Friday.
According to the IEA countries must commit 1.1% of projected total global gross domestic product (GDP) to develop sufficient clean energy technology by 2030.
“Carbon emissions must be cut. Costs of about 1% of [global] GDP are not outrageous, so this target is realistic,†Go Hibino, a senior manager at Mizuho Information & Research Institute, told Reuters.
Without a change in current governmental policies, carbon-dioxide emissions will rise by 130% and oil demand will climb 70% by 2050, Nobuo Tanaka,…
9Jun2008 | Money Morning | Comments Off | Continued
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