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The Paradox Of Value & The Water-Diamond Paradox

Monday, December 7, 2020 2:48

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Times they are a changin’.

Water is joining gold, oil and other commodities traded on Wall Street, highlighting worries that the life-sustaining natural resource may become scarce across more of the world.

Farmers, hedge funds and municipalities alike will be able to hedge against — or bet on — potential water scarcity starting this week, when CME Group Inc. launches contracts linked to the $1.1 billion California spot water market. According to Chicago-based CME, the futures will help water users manage risk and better align supply and demand. – Bloomberg

While you grapple with the water-diamond paradox, I am wrestling with one of my own: the Bitcoin-J&J Stock paradox. Which is more “valuable?”

Can someone help me out here?

Source: https://global-macro-monitor.com/2020/12/06/the-paradox-of-value-the-water-diamond-paradox/

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