Double-Bubble, and Oil, and Trouble

Commentary, Energy, Housing Affordability, Owen McShane (historic), Uncategorized

If there is anything to be learned from the recent string of bubbles, it may be that surplus investment capital, now floating round the world in cyberspace, is always looking for a speculative home and that as one bubble bursts, the fund managers desperately seek out a replacement. Will we see a gathering flock to carbon trading, windmills, biofuels and other renewables driven largely by the legislators?