Sunday, March 30, 2008

We're worried about climate without a clue what to do

There's nothing that financial markets love more than certainty. In certain times, you can make sound decisions and adjust effectively for risk.

You can protect your equity. You can gamble with the dice loaded nicely in your favour.

But these are uncertain times. Obviously, the figurative meltdown in the American banking industry has everyone's attention, but the literal meltdown of ice in the north and south poles will ultimately pose the greater risk.

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