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.