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54 comments on Matt Simmons on Fast Money (CNBC)
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54 comments on Matt Simmons on Fast Money (CNBC)
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"We should never have let India and China grow" - Interesting statement to say the least. How does he propose limiting population growth on that scale?
You can't stop people from doin' the wild thang - he meant we shouldn't have exported our manufacturing and tech support jobs to those countries.
Oh, and here is even more fast money - an out of work or soon to be out of work tech support group from a dying hedge fund, apparently under the lead of some CIO type character, is now preparing to jump ship wholesale. Interesting proposition - "The market is melting down, who would like to try to start something in all of this?" Perhaps there is some value in knowing how such things are done and taking advantage of situations as things unwind? This was the case in the telecom business after the dotcom bust - if you knew what stuff was and its approximate value the market just threw money at you. I was well clear of the equipment broker business but I had three separate instances where I made in excess of $10k by taking a couple of phone calls and arranging things.
http://www.linkedin.com/answers/financial-markets/hedge-funds/MKT_HDG/18...
Interesting times, people, interesting times :-)
Clearly a joke on Simmon's part (and they laughed at it). He also probably had in mind economic growth rather than population growth.
The ballot box to vote on stopping Chinese and Indian growth is probably defense oriented. Its more Chinese though. Maybe they shouldn't have picked the Olympics. Anybody looking for excuses?
Simmons once said on an interview with Jim Puplava that we never should have invented satellite TV. I took the China/India comment in that vein. Namely, the problem is when the rest of the world wants to live the lifestyle of the Industrialized West. There simply aren't enough resources for everyone to live the consumerism lifestyle. Unfortunately, because of satellite TV, China and India want that life and are growing toward it.
For Christ sake he was being facetious. That should have been obvious to everyone but I guess a few just did not get the joke.
Ron Pattersson
That durned Matt Simmons is a riot. My favorite was when he proposed mowing the ocean floor with underwater lawnmowers:
On a more serious note, I heard the Chinese are doing a variation on the same joke. Shang Wu say: "We pull plug on American economy, and fatty Americans ride bus." Know what I mean, Ron?
OK JD, here's your chance to actually reply to my question of why you laugh at Simmons for suggesting we harvest algae or NH3, when you have an entry on your blog outlining how we can live on vat-grown meat.