He also thinks this is a very bad thing, a view which I think is terribly strange.
From an economic growth point of view, this is a very bad thing.
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But Wall Street might be very wrong indeed about the idea that Washington will recognise this as being a very bad thing to happen.
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Those pesky Liberal Democrats were Labour's poodle said John Redwood while Oliver Letwin almost fluffed his return while musing out loud that he may have been a Liberal if Jo Grimmond were still alive, but as he wasn't the Liberals were clearly a very bad thing - after all they would raise taxes even higher than Labour.
That would, of course, be a very bad and foolish thing for the Kremlin to do.
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But liberals who defend this and say it is not a bad thing are very anti-science.
Any way you slice it, this thing looks very bad for Caroline Ghosn and Amanda Pouchot.
"Keeping a very simple portfolio is not a bad thing, " he says.
Equally vexing, if you use a lens to concentrate energy on a solar panel this significantly raises the amount of energy produced (a very good thing), but this also raises the temperature considerably (a bad thing).
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And some of the very leaders on Capitol Hill who insist we can't raise rates on the wealthiest Americans -- on millionaires and billionaires -- because it would be bad for the economy insisted the very same thing in 1993, when those rates were first implemented under President Clinton.
For curbing bad guys, the speed and visibility of the Internet can be a very useful thing.
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