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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: Haim R. Branisteanu who wrote (153468)2/22/2020 10:55:18 AM
From: Haim R. Branisteanu  Respond to of 218821
 
JP Morgan economists warn climate crisis is threat to human race
Leaked report for world’s major fossil fuel financier says Earth is on unsustainable trajectory
Last modified on Fri 21 Feb 2020 18.55 GMT



The world’s largest financier of fossil fuels has warned clients that the climate crisis threatens the survival of humanity and that the planet is on an unsustainable trajectory, according to a leaked document.
The JP Morgan report on the economic risks of human-caused global heating said climate policy had to change or else the world faced irreversible consequences.
The study implicitly condemns the US bank’s own investment strategy and highlights growing concerns among major Wall Street institutions about the financial and reputational risks of continued funding of carbon-intensive industries, such as oil and gas.

theguardian.com



To: Haim R. Branisteanu who wrote (153468)2/22/2020 10:11:56 PM
From: TobagoJack  Read Replies (1) | Respond to of 218821
 
We are at delicate juncture, according to Armstrong

But his melt-up scenario remains in place

the argument is essentially that funds fly to relative safety, and as confidence is lost w/r to the public sector (government bonds and all bonds tied to the government bonds by relative rates per yield-chase), the funds enter stocks, especially when the governments continue to print / spend what wasn't there

the logic seems sound since 1999, 2001, 2008, 2018, and onward

OTOH I rebel at the idea that there is no natural upper limit to valuations, but I remember Zimbabwe episode, when its stock market went up 900,000 percent (900,000%) - the fellow who shorted the Zimbabwe stock market relative to its currency cannot be said to had won - he perished alongside the fellow he shorted the shares to, unless he had a way to exchange his cash for 'something/anything' outside of the closed-system, and that 'something/anything' coincidentally went up

whatever the case, we are in for it and shall learn by it