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How Big Business Is Hedging Against the Apocalypse

nytimes.com

31–40 of 68 posts

Re: How Big Business Is Hedging Against the Apocalypse

#31
post #23

How do I short Miami and New Orleans on a scale of 30 years?

You make a very big assumption - that people don't care about Miami, a city with global name recognition and so on...

I also assume you are not on Instagram, where Miami is huge - it's the 6th global instagrammed city, second US one (London, NY, Paris, Dubai, Istanbul, Miami, LA) - https://www.statista.com/statistics/655550/most-hashtagged-c...

Instead of shorting it you might want to long "defending it".

Re: How Big Business Is Hedging Against the Apocalypse

#32

Earlier quoted context omitted.

The reason you often see images like this in third world countries, but not in first world countries, is that third world countries dump a lot of their trash in waterways/the ocean compared to first world countries. Maybe you already know this, but I think a lot of people see images like this as evidence of the first world fucking over the third world when it's really a local problem.

He said nothing about third vs first world. The impact of consumerism is the same everywhere.

Well, no, the impact of consumerism is not the same everywhere - the first world has much more consumerism, but less environmental impact due to higher standards and regulations.

In many senses having an unpolluted local environment is a luxury good that many poorer communities "don't purchase" - i.e. a richer community would choose cleaner air while a poorer community would choose less restrictions on factories because they need these jobs; a richer community would implement proper wastewater treatment because they can afford to divert their resources to that infrastructure, while a poorer community would do without because they choose to spend their resources on more important things they're lacking.

Re: How Big Business Is Hedging Against the Apocalypse

#33
> We are, he says, in the midst of a historic period of mispricing. Because the global economy depends on hydrocarbons, practically every asset in the world relates in some way to oil and gas. Grantham believes hydrocarbons will be priced, or regulated, into submission. In light of that belief, not only oil companies’ stock but practically everything else on the market looks falsely inflated.

Good. Let their money burn.

Re: How Big Business Is Hedging Against the Apocalypse

#35
post #31
post #23

How do I short Miami and New Orleans on a scale of 30 years?

You make a very big assumption - that people don't care about Miami, a city with global name recognition and so on... I also assume you are not on Instagram, where Miami is huge - it's the 6th global instagrammed city, second US one (London, NY, Paris, Dubai, Istanbul, Miami, LA) - https://www.statista.com/statistics/655550/most-hashtagged-c... Instead of shorting it you might want to long "defending it".

It's going to be pretty hard to defend it. It's built on porous limestone. So water's going to bubble up everywhere - not like defending NYC

Re: How Big Business Is Hedging Against the Apocalypse

#37
post #31

Earlier quoted context omitted.

You make a very big assumption - that people don't care about Miami, a city with global name recognition and so on... I also assume you are not on Instagram, where Miami is huge - it's the 6th global instagrammed city, second US one (London, NY, Paris, Dubai, Istanbul, Miami, LA) - https://www.statista.com/statistics/655550/most-hashtagged-c... Instead of shorting it you might want to long "defending it".

It's going to be pretty hard to defend it. It's built on porous limestone. So water's going to bubble up everywhere - not like defending NYC

I think he means invest in seawall manufacturing companies, as opposed to some bizarre financial instrument that allows you to profit from the demise of an entire city.

Re: How Big Business Is Hedging Against the Apocalypse

#38
post #31
post #23

How do I short Miami and New Orleans on a scale of 30 years?

You make a very big assumption - that people don't care about Miami, a city with global name recognition and so on... I also assume you are not on Instagram, where Miami is huge - it's the 6th global instagrammed city, second US one (London, NY, Paris, Dubai, Istanbul, Miami, LA) - https://www.statista.com/statistics/655550/most-hashtagged-c... Instead of shorting it you might want to long "defending it".

Please help me understand how care and instagram pictures are going to stop rising water?

The only thing that may help is quickly lowering CO2 emissions worldwide. I think no amount of care, willpower or even unlimited amounts of federal money can save Miami otherwise.

Re: How Big Business Is Hedging Against the Apocalypse

#39

Earlier quoted context omitted.

He said nothing about third vs first world. The impact of consumerism is the same everywhere.

Well, no, the impact of consumerism is not the same everywhere - the first world has much more consumerism, but less environmental impact due to higher standards and regulations. In many senses having an unpolluted local environment is a luxury good that many poorer communities "don't purchase" - i.e. a richer community would choose cleaner air while a poorer community would choose less restrictions on factories beca…

The first world’s consumer goods come from the third world, and the first world trash gets “recycled” in the third world. First world is just exporting its environmental damage to the third world—and does it in a way that makes it look like it’s the third world’s fault.

Re: How Big Business Is Hedging Against the Apocalypse

#40

Earlier quoted context omitted.

The reason you often see images like this in third world countries, but not in first world countries, is that third world countries dump a lot of their trash in waterways/the ocean compared to first world countries. Maybe you already know this, but I think a lot of people see images like this as evidence of the first world fucking over the third world when it's really a local problem.

And, 1st world countries dump their trash in 3rd world countries. Also, they ignore that there 1st world status is fueled by unsustainable development over last couple of centuries.

What third world company do we dump our trash in? AFAIK we sell it to them.
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