The New CS Board

[Oddlot]

Economics/news: interesting article by Ambrose Evans-Prichard re impact of shale gas. Google for article. Gist is that Europe is failing to deal with reality of inability to power economy with current plans, and that US/Canada will eclipse MiddleEast in availability of energy, and low cost of natural gas is making USA resurgent in basic material processing/manufacturing. Second, wage inflation in China is greatly reducing their cost advantages.

Implication is that we really could grow our way out of debt problem if managed properly. This also questions the thesis of catastophic equity decline. Is the light at the end of the tunnel a train, or not a train?

Oddlot