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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 413.19+1.1%Jan 6 4:00 PM EST
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To: Roads End who wrote (168783)2/20/2021 6:09:56 PM
From: sense1 Recommendation

Recommended By
Maurice Winn

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One of the key errors you see repeatedly in markets... not a stock price issue but a management issue... is in business plans being focused on price, and based on expectations in prices. Not just a company issue... although easy enough to find it there and make more accurate predictions than managements about the performance of their companies... It's also a massive economic problem... as planners are stupid about it.

Easiest to point out is "green" energy versus "fossil fuel" energy. Repeated booms in "green" energy technologies since the 1970's... have burned through massive piles of capital, cycle after cycle, without really changing the world at all... but wasting a lot of capital. Today, most green energy survives only because of subsidies... or mandates. And, the focus of "green" supporters isn't on fostering success... but forcing the failure of the fossil fuels.

The broad impact... is destructive of the economy... it applies a massive brake to growth... slows innovation... and engenders massive transfers of wealth... by moving it from the most efficient to the least efficient participants in the market... based on rewarding corruption.

I'm not a critic of green energy... spent years in the lab working on it... but, i am a critic of corruption and deliberately adopted inevitably bound to fail policy...

Green energy needs to compete with fossil fuels based on COST of production... not price... and it will not be economic... will not add more to the economy than it removes... until it wins that battle by being the lowest COST producer...

The same tune airs equally well in other venues...
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