We Can’t Control Inflation, Yet We Believe We Can Control the Climate – Investing.com
- Date: 09-Nov-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Middle East
We Can’t Control Inflation, Yet We Believe We Can Control the Climate – Investing.com
Policymakers can’t keep inflation at 2%, but they think they can keep the world’s temperature from rising 2° Celsius (or 3.6° Fahrenheit).
That’s how CLSA’s equity strategist Damian Kestel describes the goings-on at COP26, the United Nations’ climate change conference taking place now in Glasgow, Scotland. The attending leaders and policymakers may look like they’re in control, Kestel said in a Friday note to clients, but “a quick look at debt levels, inflation and yield movements suggest they are increasingly now mere passengers along for the ride and painted into a corner.”