Unfortunately, financiers don’t have a clue about how the planet’s systems work. Their ecoliteracy is zero.

I consider this a feature, not a bug. I want them focused on the corporations they cover, and the economic forecasts they derive from that coverage. If a corporation they cover starts lowering projections, they adjust their buying behavior accordingly, giving you an early warning system for economic events.

You see, it really doesn’t matter WHY a corporation projects lower profits; all that matters to the market is that they did. So, if the corporations that are affected by ecological events start reporting lower earnings because of those events…….the financiers adjust. It’s a perfect system.

Your faith in them is totally misplaced.

Not seeing how. They, and the bond market, have an almost-perfect record of predicting economic events before they occur.

It’s no different than if you’re buying some gadget on Amazon. What do you do? You look at the star rating, and you consider products with 1000 ratings more highly than others.

What’s the stock market? It’s the biggest friggin’ star rating system in the history of mankind.

It’s like expecting your car mechanic to treat your cancer…

I don’t have cancer. I have a 401K that I want to get bigger, and an economy that myself and my family have to live in. They’re “da man” when it comes to the economy.

Written by

Data Driven Econophile. Muslim, USA born. Been “woke” 2x: 1st, when I realized the world isn’t fair; 2nd, when I realized the “woke” people are full of shit.

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