In 2021, ThomasLloyd introduced the concept of the “Carbon Cost of GDP”; the amount of CO2 which is emitted for every trillion dollars of Gross Domestic Product.
Move towards more value- and cyclically-oriented stocks
In a further sign inflation is becoming an endemic issue, the US consumer price index hit 7.5% in January - its highest level since 1982.
In the faintly surreal early days of 2020, as shops emptied of essential goods, it must be said that Wodehouse’s prognosis came true