Tag Archives: risk

March election poll check-in

Here’s where we stand as I write this on March 1, 2024. Polling averages now include some polls concluded in late February.

STATE2020 RESULTMost Recent Real Clear Politics Poll Average (as of 3/1/24)
ArizonaBiden +0.4%Trump +5.5% (February 4: Trump +4.5)
GeorgiaBiden +0.3%Trump +6.5% (February 4: Trump +7.2)
WisconsinBiden +0.6%Trump +1.0% (February 4: Trump +0.2%)
North CarolinaTrump +1.3%Trump +5.7% (February 4: Trump +5.4%)
PennsylvaniaBiden +1.2%Biden +0.8% (February 4: Biden +0.3%)
MichiganBiden +2.8%Trump +3.6% (February 4: Trump +5.1%)
NevadaBiden +2.4%Trump +7.7% (February 4: Trump +7.0%)

The electoral college vote, as it stands at the moment, would be 293 for Trump to 245 for Biden.

About the best you can say is that things look bad for Biden, but it is not unequivocally clear that they are not getting worse… If only elections were decided by the second derivative of the vote!

Do I even need to make the case against Trump?

  • Climate change is just beginning to impact our homes, our economic livelihoods and our food supply. The impacts we are seeing today are the result of emissions decades ago, and we have not even begun to see the impacts of more recent emissions let alone today’s emissions. We are just on the cusp of starting to bend back the curve of producing more emissions every year, and this progress needs to continue if we are going to see impacts continue to increase, then peak, then finally start to decrease (derivatives again!) We are doing too little, too late, but at least we are doing something. Elect Trump and we will monkey wrench the whole process and set progress back by a decade AGAIN.
  • The threat from nuclear weapons (proliferation, use in war, use in terrorism, accidents) is high and getting higher. Trump let key treaties lapse, and electing him will bring this existential threat even closer to reality.
  • The United States is not doing so well that it can risk having morons in charge. Trump is just one singular moron, but he will appoint incompetent political hacks to key leadership positions whenever he gets a chance. The U.S. economy and bureaucracy might be able to blunder through four years of business as usual, but throw in one or more serious crises – war, plague, famine, natural disaster, financial/cyber-meltdown – and the hacks will not be able to deal with it. Covid-19 was just a taste of what a really serious crisis could look like. Without competent leadership, our ability to bounce back from a crisis is impaired, and either a succession of smallish crises or a single major crisis could be the one that brings out nation to its knees.

2023 in Review

Warning: This post is not 100% family friendly and profanity free. 2023 was just not that kind of year!

I’ll start with a personal note. After 24+ years of engineering consulting practice, I have decided to leave the world of full-time professional employment and go back to school for a bit. This is some combination of mid-life crisis and post-Covid working parent burnout. I spent a lot of time thinking about it, ran all the financial numbers, and decided I can swing it for a year or so without major implications for my eventual retirement 15-ish years down the line. So, gentle reader, you too can do this sort of thing if you want to. Just be patient, plan, prepare, do the math, and be rational about it.

The Year’s Posts

Stories I picked as “most frightening or depressing”:

  • JANUARY: How about a roundup of awful things, like the corrupt illegitimate U.S. Supreme Court, ongoing grisly wars, the CIA killed JFK after all (?), nuclear proliferation, ethnic cleansing, mass incarceration, Guantanamo Bay, and all talk no walk on climate change? And let’s hope there is a special circle of hell waiting for propaganda artists who worked for Exxon.
  • FEBRUARY: Pfizer says they are not doing gain of function research on potential extinction viruses. But they totally could if they wanted to. And this at a time when the “lab leak hypothesis” is peeking out from the headlines again. I also became concerned about bird flu, then managed to convince myself that maybe it is not a huge risk at the moment, but definitely a significant risk over time.
  • MARCH: The Covid-19 “lab leak hypothesis” is still out there. Is this even news? I’m not sure. But what is frightening to me is that deadly natural and engineered pathogens are being worked with in labs, and they almost inevitably will escape or be released intentionally to threaten us all at some point. It’s like nuclear proliferation, accidents, and terrorism – we have had a lot of near misses and a lot of luck over the last 70 years or so. Can we afford the same with biological threats (not to mention nuclear threats) – I think no. Are we doing enough as a civilization to mitigate this civilization-ending threat? I think almost certainly, obviously not. What are we doing? What are we thinking?
  • APRIL: Chemicals, they’re everywhere! And there were 20,000 accidents with them in 2022 that caused injuries, accidents, or death. Some are useful, some are risky, and some are both. We could do a better job handling and transporting them, we could get rid of the truly useless and dangerous ones, and we could work harder on finding substitutes for the useful but dangerous ones. And we could get rid of a corrupt political system where chemical companies pay the cost of running for office and then reward candidates who say and do what they are told.
  • MAY: There are more “nuclear capable states” than I thought.
  • JUNE: Most frightening and/or depressing story: Before 2007, Americans bought around 7 million guns per year. By 2016, it was around 17 million. In 2020, it was 23 million. Those are the facts and figures. Now for my opinion: no matter how responsible the vast majority of gun owners are, you are going to have a lot more suicides, homicides, and fatal accidents with so many guns around. And sure enough, firearms are now the leading cause of death in children according to CDC. That makes me sick to think about.
  • JULY: Citizens United. Seriously, this might be the moment the United States of America jumped the shark. I’ve argued in the past or Bush v. Gore. But what blindingly obvious characteristic do these two things have in common? THE CORRUPT ILLEGITIMATE UNITED STATES SUPREME COURT!!!
  • AUGUST: Immigration pressure and anti-immigration politics are already a problem in the U.S. and Europe, and climate change is going to make it worse. The 2023 WEF Global Risks Report agrees that “large scale involuntary migration” is going to be up there as an issue. We should not be angry at immigrants, we should be angry at Exxon and the rest of the energy industry, which made an intentional choice not only to directly cause all this but to prevent governments from even understanding the problem let alone doing anything to solve it. We should be very, very angry! Are there any talented politicians out there who know how to stoke anger and channel it for positive change, or is it just the evil genocidal impulses you know how to stoke?
  • SEPTEMBER: “the accumulation of physical and knowledge capital to substitute natural resources cannot guarantee green growth“. Green growth, in my own words, is the state where technological innovation allows increased human activity without a corresponding increase in environmental impact. In other words, this article concludes that technological innovation may not be able to save us. This would be bad, because this is a happy story where our civilization has a “soft landing” rather than a major course correction or a major disaster. There are some signs that human population growth may turn the corner (i.e., go from slowing down to actually decreasing in absolute numbers) relatively soon. Based on this, I speculated that “by focusing on per-capita wealth and income as a metric, rather than total national wealth and income, we can try to come up with ways to improve the quality of human lives rather than just increasing total money spent, activity, and environmental impact ceaselessly. What would this mean for “markets”? I’m not sure, but if we can accelerate productivity growth, and spread the gains fairly among the shrinking pool of humans, I don’t see why it has to be so bad.”
  • OCTOBER: Israel-Palestine. From the long-term grind of the failure to make peace and respect human rights, to the acute horror causing so much human suffering and death at this moment, to the specter of an Israeli and/or U.S. attack on Iran. It’s frightening and depressing – but of course it is not my feelings that matter here, but all the people who are suffering and going to suffer horribly because of this. The most positive thing I can think of to say is that when the dust settles, possibly years from now, maybe cooler heads will prevail on all sides. Honorable mention for most frightening story is the 2024 U.S. Presidential election starting to get more real – I am sure I and everyone else will have more to say about this in the coming (exactly one year as I write this on November 5, 2023) year!
  • NOVEMBER: An economic model that underlies a lot of climate policy may be too conservative. I don’t think this matters much because the world is doing too little, too late even according to the conservative model. Meanwhile, the ice shelves holding back Greenland are in worse shape than previously thought.
  • DECEMBER: Migration pressure and right wing politics create a toxic feedback loop practically everywhere in the world.

Stories I picked as “most hopeful”:

  • JANUARY: Bill Gates says a gene therapy-based cure for HIV could be 10-15 years away.
  • FEBRUARY:  Jimmy Carter is still alive as I write this. The vision for peace he laid out in his 2002 Nobel Peace Prize acceptance speech is well worth a read today. “To suggest that war can prevent war is a base play on words and a despicable form of warmongering. The objective of any who sincerely believe in peace clearly must be to exhaust every honorable recourse in the effort to save the peace. The world has had ample evidence that war begets only conditions that beget further war.”
  • MARCH: Just stop your motor vehicle and let elephants cross the road when and where they want to. Seriously, don’t mess with elephants.
  • APRIL: There has been some progress on phages, viruses intentionally designed to kill antibiotic-resistant bacteria. Also, anti-aging pills may be around the corner.
  • MAY: The U.S. Congress is ponying up $31 billion to give Houston a chance at a future. Many more coastal cities will need to be protected from sea level rise and intensifying storms. Now we will see if the U.S. can do coastal protection right (just ask the Dutch or Danish, no need to reinvent anything), and how many of the coastal cities it will get to before it is too late.
  • JUNE: It makes a lot of sense to tax land based on its potential developed value, whether it has been developed to that level or not. This discourages land speculation, vacant and abandoned property in cities while raising revenue that can offset other taxes.
  • JULY: There is a tiny glimmer of hope that Americans might actually value more walkable communities. And this is also a tiny glimmer of hope for the stability of our global climate, driver/bicyclist/pedestrian injuries and deaths, and the gruesome toll of obesity and diabetes. But it is only a glimmer.
  • AUGUST: Peak natural gas demand could happen by 2030, with the shift being to nuclear and renewables.
  • SEPTEMBER: Autonomous vehicles kill and maim far, far fewer human beings than vehicles driven by humans. I consider this a happy story no matter how matter how much the media hypes each accident autonomous vehicles are involved in while ignoring the tens of thousands of Americans and millions of human beings snuffed out each year by human drivers. I think at some point, insurance companies will start to agree with me and hike premiums on human drivers through the roof. Autonomous parking also has a huge potential to free up space in our urban areas.
  • OCTOBER: Flesh eating bacteria is becoming slightly more common, but seriously you are not that likely to get it. And this really was the most positive statement I could come up with this month!
  • NOVEMBER: Small modular nuclear reactors have been permitted for the first time in the United States, although it looks like the specific project that was permitted will not go through. Meanwhile construction of new nuclear weapons is accelerating (sorry, not hopeful, but I couldn’t help pointing out the contrast…)
  • DECEMBER: I mused about ways to create an early warning system that things in the world or a given country are about to go seriously wrong: “an analysis of government budgets, financial markets, and some demographic/migration data to see where various governments’ priorities lie relative to what their priorities probably should be to successfully address long-term challenges, and their likely ability to bounce back from various types and magnitudes of shock. You could probably develop some kind of risk index at the national and global levels based on this.” Not all that hopeful, you say? Well, I say it fits the mood as we end a sour year.

Stories I picked as “most interesting, not particularly frightening or hopeful, or perhaps a mixture of both”:

  • JANUARY: Genetically engineered beating pig hearts have been sown into dead human bodies. More than once.
  • FEBRUARY: It was slim pickings this month, but Jupiter affects the Sun’s orbit, just a little bit.
  • MARCHChickie Nobs have arrived!
  • APRIL: I had heard the story of the Google engineer who was fired for publicly releasing a conversation with LaMDA, a Google AI. But I hadn’t read the conversation. Well, here it is.
  • MAY: Peter Turchin’s new book proposes four indicators presaging political instability: “stagnating or declining real wages, a growing gap between rich and poor, overproduction of young graduates with advanced degrees, declining public trust, and exploding public debt“. I found myself puzzled by the “overproduction of young graduates” part, and actually had a brief email exchange with Peter Turchin himself, which I very much appreciated! Anyway, he said the problem is not education per se but “credentialism”. I have to think some more about this, but I suppose the idea is that education, like health, wealth, and almost everything else, is not equally distributed but is being horded by a particular class which is not contributing its fair share. These are my words, not Peter’s, and he might or might not agree with my characterization here.
  • JUNE: The U.S. may have alien spacecraft at Area 51 after all. Or, and this is purely my speculation, they might have discovered anti-gravity and want to throw everybody else off the scent.
  • JULY: We are all susceptible to the “end of history effect” in that we tend to assume our personalities will not change in the future, when in fact they almost certainly will. So one way to make decisions is to imagine how a few different possible future yous might look back on them.
  • AUGUST: There are a number of theories on why “western elites” have not been (perceived to be) effective in responding to crises in recent years and decades. Many have to do with institutional power dynamics, where the incentives of the individual to gain power within the institution do not align with the stated goals of the institution. Like for example, not killing everyone. The possible silver lining would be that better institutions could be designed where incentives aligned. I have an alternate, or possibly complementary, theory that there has been a decline in system thinking and moral thinking. Our leaders aren’t educated to see the systems and or think enough about whether their decisions are on the side of right or wrong.
  • SEPTEMBER: Venice has completed a major storm surge barrier project.
  • OCTOBER: The generally accepted story of the “green revolution“, that humanity saved itself from widespread famine in the face of population growth by learning to dump massive quantities of fossil fuel-derived fertilizer on farm fields, may not be fully true.
  • NOVEMBER: India somehow manages to maintain diplomatic relations with Palestine (which they recognize as a state along with 138 other UN members), Israel, and Iran at the same time.
  • DECEMBER: Did an AI named “Q Star” wake up and become super-intelligent this month?

And Now, My Brilliant Analytical Synthesis!

Climate Change. Well really, I’m likely to just say things now I have said many times before. The climate change shit is really starting to hit the fan. Our largely coastal civilization and the food supply that sustains it is at risk. The shit we can obviously see hitting the fan right now is the result of emissions years if not decades ago, and we have continued to not only emit too much but to emit too much at an increasing rate since those emissions, and we continue to not only emit too much but to emit at an increasing rate today. This means that even if we stop emitting too much right now and going forward, the crisis will continue to get worse for some time before it eventually gets better. And we are not doing that, we are continuing to not only emit too much but we are doing it at an increasing rate. We are already seeing the beginnings of massive population movements fueling a downward spiral of nationalist and outright racist geopolitics, which makes it even harder to come together and address our critical planetary carrying capacity issue in a rational manner. We are not only seeing “the return of great power competition”, we are insanely patting ourselves on the back for aiding and abetting this, and piling nuclear proliferation on top of it. Is a soft landing possible in this situation? I am not going to tell you I think it is, or even if it is possible that our species and cowards that pass for our leadership have any hope of making it happen. I think about the best we can hope for is some kind of serious but manageable collapse or crisis that brings us to our senses and allows some real leaders to emerge. To throw out one idea, maybe we could come to a new era of arms reduction for the major nuclear powers, and halts to proliferation for all the emerging nuclear powers, in exchange for civilian nuclear power for everyone who wants it, all under a strict international control and inspection regime. This would begin to address two existential risks (nuclear war and climate change) at once. Or maybe, just maybe, we are on the verge of a massive acceleration of technological progress that could make problems easier to solve. Maybe, but new technology also comes with new risks, and we shouldn’t put all our eggs in this basket. Besides, the singularity is nearing but it still feels a decade or so away to me.

UFOs. Aside from all of that, maybe the weirdest single thing going on in the world right now is the UFOs. There seems to be no real controversy about them – they are out there. They are flying around and if not defying the laws of physics as we know them, defying any technology that is able to accommodate the laws of physics as we know them. And what this logically leads to is that somebody (or some intelligent entity) knows something about the laws of physics that the rest of us do not know. Einstein explained how gravity behaves, but he wasn’t able to fully explain what gravity is or certainly how or why it came to be the way it is. Einstein’s predictions have since been proven through incontrovertible evidence, and the predictions of quantum theory have also been incontrovertibly proven, but the two theories are still at odds and in need of unification despite the efforts of the most brilliant minds today. But…are the most brilliant minds today operating in the open, or are they behind closed doors at private defense contractors and subject to censorship on national security grounds? If there has been a major discovery, would it see the light of day or would it be suppressed? I have no information here, I am just saying this is a narrative that would fit the evidence, and I don’t see other plausible narratives that fit the evidence. Why would aliens be playing with relatively easily discoverable toys in our atmosphere, while in the meantime we have discovered no radio signal evidence, no evidence of their existence in our telescopes? Those things would be very hard if not impossible to cover up, so I think we would know. The Fermi Paradox persists.

Artificial Intelligence. I tend to think the AI hype is ahead of the reality. Nonetheless, the reality is coming. It will probably seize control without our noticing after the hype has passed. Is it possible we could look back in a decade and identify 2023 as the year it woke up? There were a couple queer (in the original dictionary sense – I just couldn’t think of a better word) stories in 2023. One was a Google engineer getting fired after publicly declaring his belief that a Google AI had become conscious. The other was the “ethics board” of a major corporation firing its CEO in relation to a rumored artificial general intelligence breakthrough. Only time will tell what really happened in these cases (if it is ever made public), but one thing we can say is that technological progress does not usually go backwards.

Synthetic Biology. It’s pretty clear we are now in an age of synthetic biology breakthroughs that was hyped over the last few decades, and the media and publics of the world are predictably yawning and ignoring. But we are hearing about vaccines and cures on the horizon for diseases that have long plagued us, genetically engineered organs, synthetic meat, engineered viruses to fight antibiotic-resistant bacteria, and anti-aging pills among other things. And then there is the specter of lab accidents and biological weapons, which might be the single most scary thing in the world today out of all the terrifying things I have mentioned in this post.

2024 U.S. Presidential Election. Ugh, I’m still not ready to think about it, but it is going to happen whether I am ready to think about it or not. I’ll get around to thinking and writing about it soon, I’m sure.

Happy 2024!

2023: a year of war?

Richard Haas says 2023 was characterized by the wars in Ukraine and Gaza, and also by the world starting to wake up to the climate change threat (but falling far short on its response.) His bright spots are that the U.S.-China relationship did not devolve into a hot war, and Japan and South Korea are getting along a bit better. To me, it is unforgivable that world leaders are leading us towards war when we have such dire challenges staring us in the face including food security, loss of major coastal cities, nuclear proliferation, and pandemic threats both natural and manmade. Climate change is also fueling a vicious cycle of migration, anti-migration political movements, and geopolitical instability, which in turn makes it even harder to focus on solving problems together.

“Our Megathreatened Age”

The “Megathreats” according to Nouriel Roubini are that “economic, monetary, and financial threats are rising and interacting in dangerous ways with various other social, political, geopolitical, environmental, health, and technological developments.”

This is a long article with a lot in it, but one thing I always like to puzzle over is how real-world phenomena translate to money and financial markets. One advantage of understanding this would be to find numbers provided by financial markets that translate back to the real world, and in an ideal case maybe these could even serve as early warnings when things are really about to go seriously wrong. Anyway, this article doesn’t have all the answers, only clues, but here are a few:

  • energy and food costs – this is fairly obvious, although short-term noise may obscure any useful predictive ability
  • labor costs – tells us something about demographics and population structure
  • public debt servicing costs – maybe a more useful thing to think about than just the size of the debt or deficit, because it tells us something about the size of the debt, interest rates, and inflation together, and it can be compared to tax revenues and/or a society’s overall productive capacity. This in turn tells us something about limits to (economic) growth and the ability of a society to weather potential shocks.
  • military spending on conventional and unconventional weapons – not exactly public information, but there are some sources out there, and this tells us something both about overall global risk and about government’s priorities and ability to solve other problems
  • climate change adaptation and mitigation spending, and gap between actual spending and what is needed to meet the agreed targets – not sure exactly how to measure this, but people must be trying. We could compare this spending with measured results to get some sense of efficiency, and again it tells us something about government priorities and ability to solve long-term problems. Roubini compares climate spending to reconstruction after a war, which I find interesting: “Though a surge of investment in reconstruction can produce an economic expansion, the country is still poorer for having lost a large share of its wealth. The same is true of climate investments. A significant share of the existing capital stock will have to be replaced, either because it has become obsolete or because it has been destroyed by climate-driven events.”
  • “unfunded implicit liabilities” to deal with pandemic preparedness. Again, seems hard to measure but people are undoubtedly trying.
  • “To prevent populist regimes from coming to power and pursuing reckless, unsustainable economic policies, liberal democracies will need to spend heavily to reinforce their social safety nets – as many are already doing.” Well, not the U.S. so much. At least we are not doubling down on this, and the political cost of advocating it seems high while opposing it seems to appeal to many voters.
  • Retirement pension and health care spending, actual and estimated gap with what is needed.
  • long-term government bond rates, and “risk premia on public bonds” – tells us something about perceived risk that a government can keep up with its obligations long-term
  • mix of foreign currency reserves held by governments – somewhat obscure, but again a measure of risk that governments can meet their obligations and solve their societal problems
  • We can always measure fun things like poverty, inequality, and migration, and of course “stagflation” which I would define as real GDP growth net of inflation.

Taken together, what all this suggests to me is an analysis of government budgets, financial markets, and some demographic/migration data to see where various governments’ priorities lie relative to what their priorities probably should be to successfully address long-term challenges, and their likely ability to bounce back from various types and magnitudes of shock. You could probably develop some kind of risk index at the national and global levels based on this. And then what would you do with it? If you were a rational government, you could choose policies that reduce it. Maybe you turn everything over to the AIs and ask them to figure it out.

“plutonium pits”

A “plutonium pit” is the actual core of a thermonuclear bomb. According the Scientific American, the U.S. plans to spend $1.5 trillion dollars on new plutonium pits and new intercontinental ballistic missiles to put them on (actually, it’s not even clear from the article if the $1.5 trillion includes the missiles. This is all while people are sleeping the streets, life expectancies are falling, violence is raging, educational attainment is falling, and the list goes on. I don’t even hear politicians talking about peace or even proposing negotiations to limit the pace of this new arms race. Real, courageous leaders would do this, and they seem to be in short supply. With all the risks our global civilization is facing (food security, floods, fires, drought, pandemics and biological weapons to name just a few very bad ones not really being addressed), we can’t let nuclear proliferation and nuclear war rear its ugly head again. To our politicians I say, somebody step up and lead, you cowards!

October 2023 in Review

Most frightening and/or depressing story: Israel-Palestine. From the long-term grind of the failure to make peace and respect human rights, to the acute horror causing so much human suffering and death at this moment, to the specter of an Israeli and/or U.S. attack on Iran. It’s frightening and depressing – but of course it is not my feelings that matter here, but all the people who are suffering and going to suffer horribly because of this. The most positive thing I can think of to say is that when the dust settles, possibly years from now, maybe cooler heads will prevail on all sides. Honorable mention for most frightening story is the 2024 U.S. Presidential election starting to get more real – I am sure I and everyone else will have more to say about this in the coming (exactly one as I write this on November 5, 2023) year!

Most hopeful story: Flesh eating bacteria is becoming slightly more common, but seriously you are not that likely to get it. And this really was the most positive statement I could come up with this month!

Most interesting story, that was not particularly frightening or hopeful, or perhaps was a mixture of both: The generally accepted story of the “green revolution“, that humanity saved itself from widespread famine in the face of population growth by learning to dump massive quantities of fossil fuel-derived fertilizer on farm fields, may not be fully true.

August 2023 in Review

Most frightening and/or depressing story: Immigration pressure and anti-immigration politics are already a problem in the U.S. and Europe, and climate change is going to make it worse. The 2023 WEF Global Risks Report agrees that “large scale involuntary migration” is going to be up there as an issue. We should not be angry at immigrants, we should be angry at Exxon and the rest of the energy industry, which made an intentional choice not only to directly cause all this but to prevent governments from even understanding the problem let alone doing anything to solve it. We should be very, very angry! Are there any talented politicians out there who know how to stoke anger and channel it for positive change, or is it just the evil genocidal impulses you know how to stoke?

Most hopeful story: Peak natural gas demand could happen by 2030, with the shift being to nuclear and renewables.

Most interesting story, that was not particularly frightening or hopeful, or perhaps was a mixture of both: There are a number of theories on why “western elites” have not been (perceived to be) effective in responding to crises in recent years and decades. Many have to do with institutional power dynamics, where the incentives of the individual to gain power within the institution do not align with the stated goals of the institution. Like for example, not killing everyone. The possible silver lining would be that better institutions could be designed where incentives aligned. I have an alternate, or possibly complementary, theory that there has been a decline in system thinking and moral thinking. Our leaders aren’t educated to see the systems and or think enough about whether their decisions are on the side of right or wrong.

Are markets underestimating climate risk?

This sprawling Naked Capitalism article says yes, basically because investors don’t consider the long term. But if it were really true that most investors are not aware or not correctly valuing the risk, a small minority of investors should in theory be able to make money on that and bring markets back into equilibrium. Maybe the “long term” is just too long for mortal human investors to consider? But corporations and other institutions like pension funds are not mortal humans. Fossil fuel companies could try to exploit these opportunities to hedge their bets while they continue to cast doubt on the science and technology needed to get out of the mess.

How would an investor exploit other investors’ underestimation of climate risk, if this actually exists? Short-sell companies insuring homes, businesses, and lives in coastal and fire-prone areas? Buy construction and engineering companies that will get our tax money to clean up after disasters? Military and security contractors who build walls and detention camps (a morbid thought, but mass migration driven by climate panic seems likely to hit us at some point). Clean energy? Nuclear energy? It’s hard to guess and time these things – basically comes down to luck, and there are always going to be people with deeper pockets and political influence to keep us small-time investors from getting ahead. Diversifying across asset classes and internationally, and not having all our savings tied up in our houses, still seem like the best options for us little people.

making $$$ as a dog walker

Sure, I thought. Dog walker is the kind of job teenagers make a few bucks at here and there. But compare the hourly pay for taking care of pets to the hourly pay to taking care of children. It is similar (according to one source linked to below, $13-20 for 20 minutes, $17-27 for 30 minutes, and $26-37 for 60 minutes, $39-59 for overnight), and surely it is lower risk and lower effort. I am not suggesting we neglect our fine furry friends, of course. I am suggesting that the pets will be less whiny and needy and able to complain to their human “parents” that you did not cater to their every whim every second. And I am thinking that if you convince someone to let you walk their dog and they think you do a bad job, the worst they are likely to do is not hire you again.

Where there’s a market, someone will develop an app to connect buyers to sellers. And this is probably the smartest business idea of all – being the middle man. Anyway, two apps you can sign up for are Rover and Wag. So, you can potentially make some money with this, and it seems easier and lower risk to me than taking care of a child or older person, risking your life and vehicle as a delivery person, or taking in humans overnight through something like Airbnb.