Rail deflects from road/air, both of which are heavy liquid fuel users. Are Bear exposed to an underperforming oil market ? keep to the Fen Causeway
Bear Stearns doesn't exist any more and the guy is not working for Bear Stearns, he's formerly at Bear Stearns and currently a professor in China according to the article. En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
Got BS confused with GS.
Even so, I still think there's something in that analysis that, if not directly self-interested, derives from a starkly neoconservative view that infrastructure is for wimps. It's not hi-speed rail he hates, it's anything govt initiated and aponsored. keep to the Fen Causeway
