Thread:
Markets are cyclical. Today, stocks trade at record high valuations while commodities are historically cheap in relation. Comparable conditions were present with the 1972 Nifty Fifty and 2000 Dotcom bubbles.
Water is joining gold, oil and other commodities traded on Wall Street, highlighting worries that the life-sustaining natural resource may become scarce across more of the world https://t.co/I9GMyUYcGG
Emissions trading systems were touted as “market solutions” for climate crisis. In fact they depend on POLITICAL will to create scarcity EU-ETS has been a bust for much of its history. Now markets are betting Green Deal is for real = historic opportunity.
https://t.co/CCndIYZRr8