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Top related persons:
Herbert Stein - 2 Tom Steyer - 1 Pimco - 1 Vladimir Putin’s - 1 Joe Biden’s - 1 I’ve - 1 — - 1 there’s - 1
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BlackRock Ukraine United States Texas Farallon U.S
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Solutions - 1 CNN - 1 JPMorgan Chase - 1 State Street - 1 Global Energy Monitor - 1 Farallon Capital - 1 ” - 1 Commerce Department - 1

Search resuls for: "Herbert Stein"


2 mentions found


☆ Opinion: Investing in oil and gas doesn’t make sense anymore
  + stars: | 2024-04-04 | by ( Opinion Tom Steyer | ) edition.cnn.com   time to read: +7 min
Some might think that, questions of morality aside, fossil fuel investments are just too good to pass up. Even in the United States, where President Joe Biden’s Inflation Reduction Act is making historic investments in clean energy, oil exports are at an all-time high. On closer examination, the simplest argument against funding new oil, gas and coal projects is not that they’re immoral. What should be even more concerning to investors is that fossil fuel companies’ challenges go beyond supply and demand. Finally, there is perhaps the greatest risk fossil fuel investors face: the industry’s massive profits are largely dependent on special treatment by governments.
Persons: Tom Steyer, Pimco, Vladimir Putin’s, Joe Biden’s, I’ve, —, there’s, Morgan Stanley, persuasively, Herbert Stein Organizations: Solutions, CNN, JPMorgan Chase, State Street, Global Energy Monitor, Farallon Capital, ” Locations: BlackRock, Ukraine, United States, Texas, Farallon
☆ What Will the Economy Do for an Encore?
  + stars: | 2023-10-26 | by ( Justin Lahart | ) www.wsj.com   time to read: 1 min
Economists expected economic growth to rise significantly and now that we’ve got the latest GDP report, we’ll break down the biggest takeaways in the data. WSJ’s Dion Rabouin will unpack the report and explain what really matters. Photo: Li Jianguo/Zuma PressA lot of investors are familiar with Stein’s law, named after the late economist Herbert Stein : “If something cannot go on forever, it will stop.”Which brings us to Thursday’s gross-domestic-product report. The Commerce Department reported that the U.S. economy grew at an inflation-adjusted 4.9% annual rate, the biggest gain since the fourth-quarter of 2021, and far stronger than the less-than-2% rate that Federal Reserve policymakers think it needs to settle in at to avoid overheating.
Persons: we’ve, WSJ’s Dion Rabouin, Li Jianguo, Herbert Stein Organizations: Commerce Department, Federal Locations: U.S
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