Wednesday, October 11, 2023

Investment Strategy

This from Jeff Somers, the NYTimes money guru: " Solar Edge, which calls itself “a visionary leader in smart energy technology, committed to harnessing the power of the sun to create a sustainable future,” lost 51.9 percent, the worst quarterly performance in the S&P 500. Profiting from higher fossil fuel prices is less than ideal if you are worried about climate change. Yet the economy still depends on fossil fuels. And even if alternative energy comes to dominate the future, oil and gas are generating riches now." Damn right it is! I know where I'm puttin my money! Americans watching their retirement funds implode will vote against the "Biden economy" and instead elect a "successfull business man". Jeff Somers advises "just hang in there!"; you can add sawdust to the casserole, cut back on heating your house, or better yet, lose the house and get a tent! Also from Letters To the Editor one brave soul dared to mention the conditions Gazans have been living under for the last thirty years. I hope they used a fake name. In an editorial, the Board writes : "to the world's horror they (Hamas militants/ terrorists) attacked civilians..." Then they mention the bombs Israel is dropping on Gaza cities. But don't civilians live in cities? Women and children and old people? Isn't the world horrified by that? Not one bit. Modern war is all about killing civilians, has been since we nuked Nagasaki and Hiroshima. What do you think the Ukranians and Russians are doing every day? Israelis, however, will get a different treatment in the press and if saying that is anti-semitic, so be it.

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