Readers have, I can safely assume, just lived through some very hot weather and I am writing this sat directly in the air conditioner ouput in my flat. I have today seen the fairly dire meteriological predictions that result from computer modelling of El Nino. Also on this very day, I also saw independent media content explaining that the US administration is shutting down it most authorative climate monitoring services, on the authority of that narcissistic dim-witted leader who is too busy looking to plunder more wealth for himself and his family to care about his fellow humans, never mind the planet and all future generations.
I am not proposing that we accept without question that global warming is a man-made event without question, merely observing instead that it would very probably be useful to have the best possible data available to scientists who might work out some solutions to what is obviously more of a problem than just discomfort.
I have kicked off with this observation because I intend to explore the question of how the world now deals with inconvenient truths, focusing on aspects that are relevant to investment markets. Maybe we are approaching the ‘last times’ of a very long investment market cycle, where only an ‘Armaggedon’ will clean up the many sins of the markets and allow a fresh start?
It occurs to me that eschatology may not be what some readers are looking for from this web site. Although I firmly believe, as you will know, that markets and ultimately the valuation of our investments are the distillation of human behaviours, not the pseudo science of economics, so feel justified in taking a tangential look at what seem to be absurdities in current marjet patterns, I can offer an alternative for those not interested who still want to do some useful reading to brush up their portfolio maintenance skills.
