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Global Warming Is a Myth: James Altucher Says Invest for a Colder Planet
Posted Oct 27, 2009 02:48pm EDT by Tech Ticker in Investing"Peak temperatures world wide were hit in 1998 and the world has been cooling ever since," Altucher says. Over the same time period, carbon emissions have gone straight up. "Does that mean the linkage between carbon emissions and temperature is not real?," he wonders. "Maybe it is, maybe it isn't. But so far in the past 10 years the evidence is there's no linkage."
Noting there's arguments and counterarguments on both sides of the global warming debate, Altucher declares: "Nobody really knows" whether the globe is heating or cooling or how much is manmade and how much is just the Earth's natural cycle.
For investors, Atucher says the message is clear: Avoid solar stocks, since solar power is "never efficient" without massive government subsidies.
For those looking for ways to invest in a global cooling theme, Altucher recommends Campbell's Soup and American Ecology Group, which does waste management - including nuclear waste.
493 Comments
- Tuesday October 27, 2009 02:56PM EDT
The world has not been cooling since 1998. Check out: http://tamino.wordpress.com/2007/08/31/garbage-is-forever/
Helga - Tuesday October 27, 2009 02:58PM EDT
Global weirding is a more accurate term. I still think this is Steven Hawking's healthy brother.
Cat_in_a_bank - Tuesday October 27, 2009 03:00PM EDT
Another observation: Nouriel Roubini: big crash coming – IndexUniverse Roubini Says U.S. Recession Appears to Have Ended, Recovery to Be `Anemic' - that is (and has been changed to ) -Roubini Says Carry Trades Fueling ‘Huge’ Asset Bubble (Update1) –Bloomberg Babblers, makeup you mind.
KL - Tuesday October 27, 2009 03:01PM EDT
There is clear warming of the planet. To say "nobody knows" is to give too little credit to scientists and too much credits to people who just say there is no global warming. There is world wide consensus there is global warming, by scientists and academics. Who do you trust? If you trust financial analysts instead of climate scientists on climate change, or give them equal credit...
Charles - Tuesday October 27, 2009 03:02PM EDT
To bet against this guy, buy solar stocks and sell Campbell soup.
mark - Tuesday October 27, 2009 03:03PM EDT
where I live it's definitely been warmer for the past 10 years.
Pym - Tuesday October 27, 2009 03:04PM EDT
this guy is a crack .. a really funny guy .. he needs a haircut. maybe that's the problem with him???
san - Tuesday October 27, 2009 03:04PM EDT
Carbon tax to be run by the Rothchilds? Says it all really. They couldn't get away with taxing the air we breath just the air we breath out instead. LOL :D
Del - Tuesday October 27, 2009 03:06PM EDT
I've listened to all the clips from this pinhead, and I can only think that today is bring-a-pinhead-to-work day.
Yahoo! Finance User - Tuesday October 27, 2009 03:06PM EDT
Global Warming is not a myth. Its a hoax. There's a difference.
Keith - Tuesday October 27, 2009 03:09PM EDT
Unbelievable that he denies the existance of global warming. If he can't believe the extraordinary evidence that global warming is occuring. It is very sad that he speaks as an authority when it is clear he is not an expert in this area. Feel free to invest based on his advice.
KL - Tuesday October 27, 2009 03:09PM EDT
Global warming trend is clear. Show me a credible source (scientist or science foundations) anywhere in the world that says there is no global warming! On the other hand, there are many world wide science bodies agreeing there is global warming and that man is causing it. Good grief? How can the oil industry confuse so many people into say "maybe it is maybe it isn't"?
ezshooter - Tuesday October 27, 2009 03:09PM EDT
This guy is a crackpot. Even Sarah Palin admitted her icebergs were melting in Alaska, she just was not sure why God wanted it that way.
Yahoo! Finance User - Tuesday October 27, 2009 03:10PM EDT
U. S. Senate Minority Report: More Than 700 International Scientists Dissent Over Man-Made Global Warming Claims Scientists Continue to Debunk “Consensus” in 2008 & 2009 http://epw.senate.gov/public/index.cfm?FuseAction=Files.View&FileStore_id=37283205-c4eb-4523-b1d3-c6e8faf14e84
JASON - Tuesday October 27, 2009 03:10PM EDT
his logic is it's cold outside so where is the warming. lol
DizzyD - Tuesday October 27, 2009 03:11PM EDT
Where does Altucher come off saying the world has been cooling since 1998? That's a false statement, so you can stop listening to everything else he says after that.
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- Tuesday October 27, 2009 02:52PM EDT
How can I make money betting against this guy.