Juggling Dynamite

Andrew Huszar, former Fed official, weighs in on the Fed’s next move on a raise of rate and what the Fed should do now. Here is a direct video link.

As one after another, climate-change denying government loses power, perhaps the world can start focusing on the lasting benefit areas screaming for investment:

“The world’s biggest problems, are the world’s biggest business opportunities.” -Peter Diamandis

One of the best ways to promote long term fiscal health is to stop wasting money! We have the technology to change buildings to high-efficiency lighting, capture solar energy and methane from landfills, and expand public transit.   A new report by the New Climate Economy looks at the numbers:

It found that, if all of the measures were implemented, cities would reduce their combined greenhouse gas emissions by 3.7 metric gigatons of carbon dioxide equivalent by 2030. That’s more, the report notes, than the annual emissions of India.

Nick Godfrey, head of policy and urban development at the New Climate Economy, said in a statement that the amount of money saved by cities could be even higher.

“US$17 trillion in savings is actually a very conservative estimate, because it only looks at direct energy savings generated from investment, which are a small proportion of the wider social, economic, and environmental benefits of these investments,” he said.

During the commodity demand supercycle 2001-08 (and temporary speculative rebound on QE 2010-11) commodity companies, economies and their financiers were riding the global capital escalator up. That came to an abrupt halt in 2011. Now we have the great unwind as prices mean revert and the politicians and business leaders who were previously thought heroes in the boom phase, are tossed out on their ears. Canadians vote next on October 19.

Former Cabinet Minister Malcolm Turnbull will become Australia’s sixth prime minister in eight years after defeating Tony Abbott in a ballot of Liberal Party lawmakers on Monday. Citigroup Chief Economist Willem Buiter speaks on “Bloomberg Surveillance. Here is a direct video link.

Also see, Oil price increase will not come fast enough to save Alberta: “There’s simply not enough cash flow to support current levels of debt.”