i get at least two calls a day from banks and funds around the world asking about windpower. Some of them are probably reeling from the caps on short-selling, as well as investor bailing. But they still want to put whatever funds remain into something productive.
Am i missing something here? "Life shrinks or expands in proportion to one's courage." - Anaïs Nin
E.g., if Goldman Sachs defaults on its debt and the recovery rate is 5%, does your phone stop ringing? A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith
When Gore ratchets up the renewable energy = fix the economy argument, trying to emulate Germany, we should at least manage to keep working. Somebody will finance that growth.
Some bankers have told me that the flight from toxic capital to windpower is partly responsible for high valuations of the public companies. "Life shrinks or expands in proportion to one's courage." - Anaïs Nin
And neither will your wind turbines stop spinning, but how many new loans for the purchase of new freight trains were made during the Depression? A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith
Good luck selling wind turbines when the unemployment rate sky-rockets - unless someone persuades governments to indulge in a huge investment programme in the face of US$40 oil.
As long as we do these things within our economy and don't require imported goods we should be readily able to finance it. It is primarily a question of vision and political will. As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
We are being asked to reduce our activity, right now. Many other banks have been absent from the market from months already. In the long run, we're all dead. John Maynard Keynes
A bank still standing, thanks to its relationship with the current SecTreas, is exploring new markets for wind as we speak. "Life shrinks or expands in proportion to one's courage." - Anaïs Nin
