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Category Archives: Main Page
The carbon offset scandal
The story of how the Nature Conservancy, the world’s biggest environmental group, became a dealer of meaningless carbon offsets. Here is a direct video link.
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Bankruptcy wave delayed, but building
I’ve often mentioned that bankruptcy filings usually peak some 18 months after a recession ends. Government support and payment deferrals have delayed bankruptcies flowing from the COVID-19 triggered depression, but the deadwood is building all the same. The go-to maneuver … Continue reading
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Lumber in La La Land too
Parabolic lumber prices are not due to a lack of trees. Consolidation in mills over the past couple of decades is part of the story. But most of all, the familiar forces of cheap credit, rampant financial speculation and stockpiling … Continue reading
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