#billionaire

Bloomberg confirms the bleeding obvious

Image result for bloomberg nef

Nothing like a 77-yo former New York Mayor Mike Bloomberg coming off the top buckle and body-slamming the current list of Democrat primary candidates Hulk Hogan style. So hopeless is the current field running that Bloomberg’s long-time advisor, Howard Wolfson said,

Mike is increasingly concerned that the current field of candidates is not well-positioned” to defeat Donald Trump.

The question remains whether Bloomberg actually runs. If he doesn’t, he has literally thrown the present lot straight under a bus. Precious thanks to their campaigns. No doubt he will see how the reaction is before committing to the run. He will be 78 if he runs.

Yet, what record did Bloomberg leave behind in NY? Recall current Mayor Bill DeBlasio heaped scorn on Bloomberg for turning the city into one for the haves and the have nots. The argument that when he left office in 2013, 31% of the residents spent more than 50% on rent. That was a higher figure than when he took office.

One thing to bank on if Bloomberg wins the primary and challenges in November 2020, make sure you back up the truck on renewables investment when the polls all point to him doing a Hillary repeat (i.e. coronation) and sell just before the election result because it will be a fully priced sector before that date.

Mike Bloomberg is a climate alarmist of the first order so he’d likely re-sign the Paris Accord. Note that his own company has a dedicated Bloomberg NEF site for all things in clean energy.

ASX listed stocks linked to the renewable space include,

Infigen Energy (IFN) – Wind

Great Cell Solar (DYE) – Solar

Quantum Energy (QTM) – Solar

Solco (SOO) – Solar

M Power Group (MPR) – Solar

Carnegie Clean Energy (CWE) – Wave

ReNu Energy (RNE) – Biogas, Solar

Petratherm (PTR) – Geothermal

Black Rock Mining (BKT) – Graphite used in energy storage

Pacific Energy (PEA) – Biogas

Alterra Ltd (1AG) – Sustainable agriculture