The path forward is not particularly clear to me because we've never managed such a long period
of global economic weakness and zero to negative interest rates before.
The IEA notes that in 40 years of CO2 data collection, the three previous times emissions have flatlined or dropped from the prior year «all were associated
with global economic weakness: the early 1980's [due to the oil shock and U.S. recession]; 1992 and 2009.»
Yet ignoring bearishness in asset prices around the world is particularly near - sighted, if for no other reason that
global economic weakness is the biggest threat to the worldwide profits and the worldwide revenue of large U.S. - based corporations.