Market Talk – April 29, 2024
ASIA: The major Asian stock markets had a green day today: NIKKEI 225 closed Shanghai increased 24.41 points or 0.79% to 3,113.04 Hang Seng increased 95.76 points or 0.54% [...]
Climate Change & Economic Activity
QUESTION: Hi Martin,
I was wondering why a cold period would result in a commodity rise?
Thank you in advance for your time.
MG
ANSWER: When the climate turns cold, that is when food shortages takes place. When the climate turns warm, that is when economic activity starts and empires expand. The cold period we are entering will be on time for the shift in empires going forward.
All the great empires expanded during warming periods – not cold.
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