As the environmentalist Rob Watson likes to say, “Mother Nature is just chemistry, biology and physics.” That’s all she is. You can’t spin her; you can’t sweet-talk her. You can’t say, “Hey, Mother Nature, we’re having a bad recession, could you take a year off?” No, she’s going to do whatever chemistry, biology and physics dictate, based on the amount of carbon we put in the atmosphere, and as Watson likes to add: “Mother Nature always bats last, and she always bats a thousand.” Ditto the market. The market is just a second-by-second snapshot of the balance between greed and fear. You can’t spin it or sweet-talk it. And you never know when that balance between greed and fear on the dollar is going to tip over into fear in a nonlinear way.
- Thomas L. Friedman
www.thomaslfriedman.com
www.ecotech-intl.com
Spot on.
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