Month: December 2015

The Bear’s Lair: Low oil prices mean few assets will be stranded

Bank of England Governor Mark Carney, in an exercise of warmist wishful thinking a few weeks ago, warned banks and by extension energy companies of the problem of “stranded” assets, left without value by environmental regulation. Naturally, this was just part of the threats and bluster designed to change behavior ahead of the Paris global […]

The Bear’s Lair: The gathering gloom of protectionism

Over 200 nations signed a “climate change” regulation deal in Paris last weekend. Conversely Mike Froman, the U.S. trade representative, called this week for the Doha Round of free trade talks to be abandoned, as they were going nowhere – his view presumably reflects the official position of the Obama administration. No contrast more clearly […]

The Bear’s Lair: Slaying or at least winging the regulatory dragon

The COP-21 global climate talks ended this weekend, with a treaty that won’t have much practical effect. Yet regulations to combat “climate change” have already inflicted trillions of dollars of economic damage and there seems no prospect of ending their depredations. In other areas, the regulatory state set up since the 1960s expands steadily, with […]

The Bear’s Lair: Moving into a Chinese-Indian world

The IMF has allowed the Chinese renminbi to become part of its Special Drawing Right from next October, with a weighting of 10.92%, the third largest after the dollar and the euro. China and India are both now growing much faster than the West, and their greater populations mean that their output will overwhelm the […]