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Long Green, Short Red, White and Blue

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Tim Carney, who specializes in showing how businesses use government as a mechanism to secure profit, takes a look at former Tiger Management fund manager Julian Robertson's environmentalism. Turns out he stands to make a bundle from costly alternative energy sources as well as an economic downturn brought about by higher energy costs.
Nice work if you can get it.

A bigger Robertson bet, presenting a more insidious angle, is his short position on 10-year Treasury bonds paired with a long position on two-year Treasuries. Basically, if the U.S. economy is fundamentally unsound, Robertson gets rich. “I’ve made a big bet on it,” Robertson told Fortune. “I really think I’m going to make 20 or 30 times on my money.”
Robertson sees lots of reasons for an impending downturn, but severe restrictions on coal and petroleum use would help along a recession. A study released last week by the National Association of Manufacturers reports that leading climate change bill S2191 (which Akin Gump is now pushing) would, in the year 2030, cost the gross domestic product at least $631 billion, cost 4 million jobs, reduce household incomes at least $4,000, double electricity prices and nearly double gasoline prices.
Such a report, funded, albeit, by a trade group opposing the legislation, highlights both the down sides of climate-change legislation and a possible up side to the legislation for a man betting against the U.S. economy.

Going short on America, long on Gore agenda
[Washington Examiner]

[Full disclosure: Tim Carney is closely related to one of DealBreaker's editors.]