Disclaimer. After nearly 40 years managing money for some of the largest life offices and investment managers in the world, I think I have something to offer. But I can't by law give you advice, and I do make mistakes. Remember: the unexpected sometimes happens. Oddly enough, the expected does too, but all too often it takes longer than you thought it would, or on the other hand happens more quickly than you expected. The Goddess of Markets punishes (eventually) greed, folly, laziness and arrogance. No matter how many years you've served Her. Take care. Be humble. And don't blame me.
BTW, clicking on most charts will produce the original-sized, i.e., bigger version.
Friday, February 10, 2017
Coal twice the cost of renewables in Oz, too.
The so-called "Liberal" government of Australia (actually a right-wing conservative government, filled with climate denialist fruit loops) is trying to make a case for more coal in Australia which would somehow reduce CO2 emissions. It's rubbish of course. But what's telling is this chart from BNEF via The Guardian. Once again, renewables are far cheaper than coal.