E New Stock Buy And Sells

The Davos World Economic Forum opened with a report warning that the biggest risk to the world today is extreme weather events. You now know why even before he was locked up in the White House President Trump decided to boycott the meeting. The report was written to boost the move to a low carbon environment by the chief risk officer of Zurich Insurance, Alison Martin. We no longer own ZURVY but like other P&C insurers, it was hit last year by serious claims increases.

She said that the world faces an $18 trillion gap in global infrastructure spending by 2040 and recommends that businesses develop “a climate resilience adaptation strategy.” Apart from insurance claims, the gap will result in loss of biodiversity, extreme weather events, great climate change, and man-made and natural disasters galore. She concluded: “in relation to the environment the world is most clearly sleepwalking into catastrophe.”

Commentary by JP Morgan-Chase earlier said Trumpian climate change denial created a “green wave” of investment money into environmental exchange-traded funds precisely because of the White House head in the sand. But the amount invested was under $750 mn, not enough for Ms. Martin.

Spear's magazine caught my mood best. “The Brexit saga feels like Groundhog Day denuded of its punch-lines and retold by Kafka,” it wrote today. Now for all intents and purposes, both the US and Britain face government stalemates which would have been unthinkable in the last century when I was learning about politics.

The impact is not just confusing; it is also incomprehensible. An example: sterling rather than falling as one would have expected after the crushing defeat of PM Theresa May's deal with the European Union, in fact, is rising against other currencies. And as is customary when currency moves up, the country's multinational corporation stocks lose traction, in this case, the FTSE 100. Other smaller cap firms' stocks are simply going up in the USA, totally contrary to my expectations. And I am taking advantage, with details supplied to paid subscribers. Small-cap advantage is back outside the US!

1 2 3 4
View single page >> |

Disclosure: None. Subscribe to Global-Investing for more updates.

How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.


Leave a comment to automatically be entered into our contest to win a free Echo Show.