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The Biggest Ever Transfer Of Wealth Is Happening Right Now — Kim Brown

Summary:
A new era of technology is being defined right now—and not only by the “magnificent seven” tech giants that are collectively worth .7 trillion.Instead, it’s being defined by a new generation of tech-driven companies that operate across multi-trillion-dollar industries … and target the trillions of dollars that Big Capital is shifting into ESG, or “impact” investing.These next-gen tech companies create entire “ecosystems”, some with unlimited verticals …And they de-risk by focusing on ESG.In other words, big capital dictates that things are about to get a lot more eco-friendly and a lot more socially responsible. Doing so, it has triggered what many analysts now see as the biggest transfer of wealth ever....OilpriceThe Biggest Ever Transfer Of Wealth Is Happening Right NowKim Brown See

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A new era of technology is being defined right now—and not only by the “magnificent seven” tech giants that are collectively worth $7.7 trillion.

Instead, it’s being defined by a new generation of tech-driven companies that operate across multi-trillion-dollar industries … and target the trillions of dollars that Big Capital is shifting into ESG, or “impact” investing.

These next-gen tech companies create entire “ecosystems”, some with unlimited verticals …

And they de-risk by focusing on ESG.

In other words, big capital dictates that things are about to get a lot more eco-friendly and a lot more socially responsible. Doing so, it has triggered what many analysts now see as the biggest transfer of wealth ever....

Oilprice

See also
In Part 1 and Part 2 of the Covid series, we discussed the mooted “green” recovery, the anticipated rise of the social enterprise, and explored the macro-economic backdrop and stimulus funding for these two massive shifts.

In this article, we discuss the affects of covid on the broader investment market and drill down into the implications for green investing, social investing, and corporate governance. We finish with the winners and losers....

Modern monetary theory has gained ascendancy, as governments commit to print money to repump the economy on the premise that, as long as supply outstrips demand, inflation will be kept in check.

The agenda is to issue free money to institutions and governments which then on-lend it. The wildcards are historic debt levels and economic drag from zombie corporations.

Much of this stimulus is expected to be channelled via central banks and governments to countries and companies that demonstrate commitments to decarbonisation, a circular economy, social enterprise (including health) and 4IR technologies.... 

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Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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