"“We have lent a huge amount of money to the U.S. Of course we are concerned about the safety of our assets. To be honest, I am definitely a little worried.” "

Chinese premier Wen Jiabao 12th March 2009

""We have a financial system that is run by private shareholders, managed by private institutions, and we'd like to do our best to preserve that system."

Timothy Geithner US Secretary of the Treasury, previously President of the Federal Reserve Bank of New York.1/3/2009

Tuesday, March 27, 2007

Chris Rowland Redux. Crystall Balls.

Snake oil salesman Chris Rowland (pic) of ECofin ex boutiquier financiers and money jugglers Dresdner Kleinwort Wasserstein told the recent Copenhagen conference organised by Point Carbon on Carbon Trading.....

“We’re facing a world of dear gas prices and CO2 prices of 40 to 50 euros,” said Ecofin’s Chris Rowland (see pic) , which seeing the market price currently hovers around 1 Euro is, shall we say a rifle optimistic.

..... well the traders at DKW were at their desks early today and clocking the pearls of Lord Patel's wisdom of July 27th last year "EU Emissions Trading Scheme - Hot Air Money Machine" when the said Chris Rowland's fundament was spouting much the same nonsense. These guys saw the ETS price drop 60% overnight and don't know why and they are still busy telling us all that this is the next "best thing".

Do these guys at DKW know something about the future career of Chris that they are not sharing with us... he was after all, so popular.

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(C) Very Seriously Disorganised Criminals 2002/3/4/5/6/7/8/9 - copy anything you wish