As Gilding sees it, the coming crash is "not a doom and gloom prediction, but an inevitable physical reality." And yet, paradoxically, while the faint-hearted panic, this "perfect storm" also signals sell and buy opportunities for savvy investors. Shocks. "A series of ecological, social and economic shocks driven by climate change, particularly melting polar regions, extreme weather events…changes to agricultural output…severe economic stresses…deep concern [among] the public and the global elites…government intervention… a sense of global crisis." Food. "Increasing demand and lower agricultural output driven by climate change ...sustained increases in food prices…economic and geopolitical instability and tension…developing countries blaming the West for causing climate change." Water. "A deeply degraded global ecosystem will further reduce the capacity of key ecosystem services, water, fisheries and agricultural land … impact food and water supply … political stability … global sec
Raymond Clough dnomyar34@raymondclough.com
MarketWat - Aug 22, 2011 |
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