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Re: Jester_Vandalay post# 162

Monday, 12/09/2013 9:10:44 PM

Monday, December 09, 2013 9:10:44 PM

Post# of 629
Some of those authors know what they are talking about. I have seen the pre-pack play. 90% is a strong price to pay for the debt. I don't think it's written in stone yet, especially if those severely depressed rates go away.

If you saw my post on Global Warming, you have to wonder if some countries will start to wander from the herd and start loading those ships with coal. Economically, it could be a profitable decision to reject the "junk science" and start reviving an economy on cheap energy, somewhere.

The whole world seems hypnotized by a weather forecast which shows no signs of being correct. I read a piece in Forbes today, which states a studied alternate hypothesis regarding sunspots and ocean currents.

My own hypothesis suggests that latent phosphates at the bottom of the ocean would be mixed into the currents by warmer temperatures, and create a global umbrella of algae to absorb the carbon over a period of years, or even decades.

Anyway, idle ships do not point to a vibrant global economy. As you know, I am a bit bearish on stocks, and a bit bullish on fixed income. I am bullish on Coal, but only because it's cheap, and Home grown American energy. I don't want my money sent to terrorist training camps so that idiots can preach "The sky is falling" versions of global climatology.

The Wall Street Journal points out that moderate warming creates a "greenhouse effect" where crops actually grow better.

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