Paul Krugman, a Nobel prize economist often defends government actions as needed and normally are reasonably successful, The case of US Government interventions in renewable energy are a case in point.
"India is going to use coal because that's what it has," said Chandra Bhushan, deputy director of the Delhi-based Center for Science and Environment, a prominent Indian environmental group as recently quoted in the New York Times (November 17, 2014)
Vladimir Putin, Barack Obama and others join Australian Prime Minister Tony Abbott to cuddle koalas at the G20 summit in Brisbane after Tony failed to "shirt front" Putin as he had committed over the Ukraine issues (as a result Tony did live to chair the meeting having not died from a karate chop in return). However the smiles quickly faded after Mr Putin faced a barrage of criticism on Ukraine from the other leaders. The Canadian Prime Minister, Stephen Harper told Mr. Putin to "get out of Ukraine." Mr Putin went home early.
A interest rate cut by China led the stock markets higher to record levels in the Dow Jones Industrials and in the broader Standard and Poor's 500 index in the United States. The RealReturnEnvironment (RRE) portfolio has benefited from its concentration in the US markets. However it has suffered from laggards like Pacific Basin Shipping Ltd that is down some 38% and should have been sold when it first fell by 10% early in 2014, that unfortunately was not possible to effect then or even now. In aggregate, the RRE portfolio is up almost 30% from its inception in December 2013.
RealReturnEnvironment (RRE) portfolio is consolidating its gains in line with the market. Further gains in Apple have offset the declines in energy prices that have negatively impacted the share price of Continental Resources as Pacific Basin Shipping reflecting the trading volumes with Asia continues to lag. The RRE portfolio is up 29% since its inception in December 2013.
The RealReturnEnvironment (RRE) portfolio has benefited marginally from the Republican wins in the United States mid-term elections giving control of the Senate to the Republicans. The RRE portfolio is unchanged at up almost 28% compared to a year ago when it was founded in December 2013.
The RealReturnEnvironment (RRE) portfolio has been buffeted by the market volatility during recent periods. Most recently the quantitative easing imposed by the Japanese central bank has lifted all markets back to near their peaks, except for the impact of falling petroleum prices. As a result the RRE portfolio is over 27% since its inception in December 2013.
Real Return Environment is intended to serve the needs of students, researchers and investors by providing topical articles, country data, literature references and investment insights on topics such as primary energy use.
"Real Return Environment is intended to serve the needs of students, researchers and investors by providing topical articles, country data, literature references and investment insights on topics such as primary energy use."