Whenever Nouriel speaks, the world of finance cuss and then listen. According to Roubini, too much money pumped by the US Fed into the market is having the not so obvious consequence of igniting asset price, thus creating an asset bubble. A really big one. In fact, Felix Salmon dedicated his back to work post today as “The Roots of the Coming Crash“. As Felix puts it: “Players are making money on three different legs at once, and that means they can start investing not only in foreign currencies and local interest rates, but rather in a whole panoply of other asset classes, including commodities, energy, junk bonds, even equities. These assets might not yield much, but they don’t need to, if the funding currency is falling fast”(.)
The biggest gamble ever taken by Warren Buffett is railroads owned by Burlington Northern Santa Fe Corp. Buffett is taking a huge risk that goods will move across the country in the long term. According to Jack Ablin, chief investment officer at Harris Private Bank, the deal is said to be a bet on the future of energy. Coal. Burlington moves coal across the country.
Why is Danny William so anxious in this deal that no one in Québec was watching (that is, until Danny thundered).
Maybe because integrating NB Power (nuclear – “dirty”) with Hydro-Québec (clean – “hydro”) can make a better energy proposal to the US regulators, who are suggesting that nuclear is better only if it is teamed with clean energy.