A Potentially Dangerous Energy Future. Big Think.

EIA: Hard Core Peak Oil Forecast. Econbrowser.

Green stimulus is not sufficient for a global green recovery. Edward Barbier, voxeu.

Fossil fuel subsidies and other market distortions, as well as the lack of effective environmental pricing policies and regulations, will diminish the impacts of G20 green stimulus investments on long-term investment and job creation in green sectors. Without correcting existing market and policy distortions that underprice the use of natural resources, contribute to environmental degradation and worsen carbon dependency, public investments to stimulate clean energy and other green sectors in the economy will be short lived. The failure to implement and coordinate green stimulus measures across all G20 economies also limits their effectiveness in "greening" the global economy.

Finally, the G20 has devoted less effort to assisting developing economies that have faced worsening poverty and environmental degradation as a result of the global recession. Nor has the G20 taken a leadership role in facilitating negotiations towards a new global climate change agreement to replace the Kyoto Treaty that will expire in 2012.

Urgent: A global green New Deal

A Bearish John Taylor Asks If Too Much Fear Is Priced In. zerohedge.

Although our analysis argues that the global economy should be slowing down and starting a longdecline, the tremors that went through the markets in May have halted the Central Banks’ tightening drift, which should allow financial markets to rally again....

Our analysis of the long-term cycles points to a peak in the second half of July or August which would be followed by a long and increasingly dramatic decline that would continue into the middle of 2011 at the minimum. It is very likely that the global Central Banks will lower rates further, where they can, and will resort to increased amounts of quantitative easing. As much of the economic distress will be centered in Europe, the dollar will gain against the euro, but when the Fed eventually shifts into high gear -- as it always does -- the Asian currencies and maybe even the euro will outperform the dollar.

Into the Abyss: The Coming Cycle of Debt Deflation. Ron Hera via the business insider.

Warren Buffett going the way of Alan Greenspan --- from demi-god / guru to, well, you fill in the blank:

Warren Buffett's Shameful Performance. capitalgainsandgames.

Oh my God. I never thought i would ever say this, but Warren Buffett has turned into an evasive, disingenuous, bumbling buffoon...

This is the same Warren Buffett who has been all but canonized as a saint for his adherence to long-term value investing, his folksy candor, his opposition to Wall Street gimmickry and not the least for his memorable description of financial derivatives as "weapons of mass financial destruction."

Where have you gone, Joe DiMaggio?

To the bank, apparently.

And, a couple of things totally different:


A Plague Upon The World: The USA is a “Failed State”. Dr. Paul Craig Roberts interview, via the progressive mind.

Science and Religion are Not Compatible. Sean Carroll, Discover Magazine.