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Martin Wolf article – Finacial Times online

Posted by Adrian on June 24, 2008

Just finished reading an article written by financial times columnist Martin Wolf.

The article it’s self is a good summary on the stagflation reality that world is now facing. Which is declining economic growth with escalating high prices (oil, food etc).

He is correct that the ‘hysteria’ and blame game towards speculators (futures market/commodities) is utter nonsense and the governments of the world are dragging their feet when it comes to investment into renewable and other energy sources. There is a huge untapped renewable energy market out there, but it lacks private and government investment.

Article here

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