Negative energy prices. Consequence partly of negative real interest rates. http://www.dallasnews.com/business/energy/20160405-what-do-texas-and-california-have-in-common-negative-power-caused-by-renewables-glut.ece …
@bswud …no one actually WANTS to make productive investments, or can’t see any. So why would that happen?
-
-
@bswud We probably agree that the key point is “without a stable macroeconomic environment, capitalism cannot create wealth.” I suspect > -
@bswud the wild CB flailing since 2008, and consequent vast distortions, give decision-makers the sense that macroeconomy is badly unstable> - 23 more replies
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.