Gold prices have been rallying, and earlier this month, the precious metal hit a record high of roughly $2,440 per ounce. Prices have come down since then, but the metals rally might not be over yet. High Demand Gold is a so-called safe haven investment that often sees higher demand during times of trouble, be…Read more
The Damage Function In the 1990s, Nobel Prize-winning economist William Nordhaus calculated that a 3°C rise in temperatures would lower global GDP by more than 2%. But new research suggests much more dramatic numbers. Testing Temperature A mere 1°C additional rise in temperature could already amount to as much as a 12% loss in global…Read more
Triumphant Returns A common plot device in books, movies and video games is that of failure and difficulty. The protagonist often runs into an obstacle that they initially can’t get past. They spend time developing and working out their issues, before eventually overcoming their challenge. S&P 500 companies went through such a struggle a year…Read more
