Bloomberg - Are you a robot?
www.bloomberg.com
  • Coolkidbozzy [he/him]
    ·
    4 years ago

    does this mean people are investing money in the hopes that water rises in price over time

    • anthropicprincipal [any]
      ·
      4 years ago

      Yes, and they also can cause the price of water to rise by buying up water rights.

      Very fair and cool.

      • ARVSPEX [none/use name]
        ·
        4 years ago

        they also can cause the price of water to rise by buying up water rights

        :this-is-fine:

        • Woly [any]
          ·
          4 years ago

          Real Grapes of Wrath hours

          Totally expecting rioting farmers after the first artificial drought

  • dakanektr [he/him, he/him]
    ·
    4 years ago

    If there's any last straw that netflix and weed can't placate en masse, I think it would be artificial droughts and people dying of thirst because line go up

  • JoesFrackinJack [he/him]
    ·
    4 years ago

    Yo anyone else see this existential question mr. bloomberg asked? https://hexbear.net/pictrs/image/8mvAEzpzNr.jpg

    Anyways, one of the most depressing reads I've ever done is about the drought in India and how it has been impacting the farmers there, and how it's getting worse. Plus of course you have things like Monsanto just completely pillaging these folks. Truly do think that India is as much of a timebomb as the US in so many similar ways. My heart can't take how utterly sad things are for people most won't ever even hear about. Climate change is impacting so many people right now, and the dumb asses who run this world have caused irreversible damage to so much life. It's happening everywhere, not as severe as some places, but that tide is building up thick

    • BookOfTheBread [he/him]
      ·
      4 years ago

      Likely to start hitting the wet bulb temp/humidity in India and similar places much more frequently now, I wouldn't be surprised if a bad heatwave caused deaths in the millions at some point in the next few years. It's gonna suck.

  • piss [none/use name]
    ·
    4 years ago

    Clay Landry, managing director at consulting firm WestWater Research, which provides the data used to calculate the water index, said in addition to the likelihood of a “great deal of interest” from Wall Street, he expects the early water futures adopters to be large and small agriculture businesses.

    “Without this tool people have no way of managing water supply risk,” Boise, Idaho-based Landry said in an interview. “This may not solve that problem entirely, but it will help soften the financial blow that people will take if their water supply is cut off.”

    :agony-yehaw:

  • anthropicprincipal [any]
    1·
    4 years ago

    For those who don't know how commodity futures operate.

    Future buyers have to take physical delivery of their order. Normal people won't be able to buy and trade water futures.

    • lvysaur [he/him]
      ·
      4 years ago

      Normal people won’t be able to buy and trade water futures.

      yeah they will, they just have to hot potato it before they get fucked

      same thing that didn't happen with oil earlier this year in April, which is why its price went negative.

  • penguin_von_doom [she/her]
    ·
    4 years ago

    Is this this enclosure of social and common good and resources that capitalism does to generate new profits I keep hearing about?

  • Zodiark
    ·
    4 months ago

    deleted by creator