Retail Spending Grows 5 3 Percent, Clobbering Expectations msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
The Green Bubble
February 13, 2021, 8:24 AM·36 min read
Yes, I am going to talk about bubbles again, but once again about one specific bubble: the bubble in anything (supposedly) green, particularly if it can be tied to the war against climate change.
Like many of the asset-price bubbles of our current moment, this one is not entirely irrational. Not only are green assets being “revalued” (to use a term that implies rather more calculation than is really the case) in the light of the general mispricing of risk that is the product of today’s artificially low interest rates, but, as I have noted before, buying green is supported by some arguments that have little to do with value, but a great deal to do with price.
Welcome to the Capital Note, a newsletter about business, finance, and economics. On the menu today: NASDAQ’s mission creep, COVID and cars, Washington State’s (proposed) wealth tax, France’s wind-power follies, and the Piggly Wiggly short squeeze. To sign up for the Capital Note, follow this link. NASDAQ’s Quota Regime A month or two I wrote an article describing how NASDAQ was looking to introduce quotas into the boardroom. I quoted from a the Wall Street Journal piece from December, from which this is an extract: Nasdaq Inc. is pushing to require the thousands of companies listed on its stock exchange to include women, racial minorities and LGBT individuals on their boards, in what would be one of the most forceful moves yet to bring greater diversity to U.S. corporations. The exchange operator filed a proposal with the Securities and Exchange Commission on Tuesday that would require listed companies to have at least one woman on their boards, in addition
The Subtle Wisdom of Tesla s Bitcoin Purchases yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
On the menu today: Biden’s Green Agenda (update), changing the way regulations are made (for the worse), inflation (again), and Australia’s solar rooftops.