March 19, 2009 - 4:00pm
from Sustainable Business
Talk with Patrick McVeigh, president of
Reynders, McVeigh Capital Management,
a green/social portfolio management firm, about his
impression of market conditions, the impact of the stimulus plan on
cleantech, and how they are managing porfolios under these
circumstances.
I've noted that Deere is into heavy construction equipment for development and roads.
What I'm concerned about is that key investors, who wear both a belt and suspenders, still rely upon old-guard measurements for economic progress, like GDP. Such indicators rise only when consumption rises. Of course, government keeps pushing for consumption....
Who is going to come up with new (green) standards for economic progress? (Maybe I should simply say "progress.")