Anonymous
Anonymous asked in Social ScienceEconomics · 1 month ago

what would the stock market / economy do if a comet hit earth?

Nothing too massive, but something on the 1km range striking somewhere like the sahara desert.

If sun blocking dust went into the atmosphere, would food prices go up for a while.

Would greenhouse growing of food become immensely profitable and indoor agriculture under artificial light for a while.

Would LED manufacturer stock rise?

I assume that poor high latitude countries without resourses like eastern europe anc central asia would fare badly?

Wealthy countrues would be eating greenhouse grown produce, and at high prices growing food indoors like marijuana is grown today would probably be profitable

Would energy stocks go up?

Would the economy revert to a gold standard?

When the comet winter ended a decade later what would the economy look like, how long till a new normal is achieved, would paper currencies have fallen from use and a gold/silver or other comodity backed world currency emerge?

Possibly an energy backed currency? possibly pegged to a joule of usable energy?

Would construction stock do well in the rebuilding period?

Update:

If energy was in such demand could a new global energy currency emerge such as A Watt Hour. like a loaf of bread could cost 200 watt hours. Or maybe a computer for 50,000 joules. What kind of economy would be likely in this scenario? Would regular currencies collapse from mass panic? Would workers take over factories and such and render much of stock worthless? Would workers realize that occupying LED factories was a strategic position as electronics are essential for survival now?

Update 2:

Could the workers who happened to occupy the electronics factories at the time become a new technocratic ruling class as they could say, obey us or you don't get any LEDS or Heaters? Would power plant workers and electrical engineers as well as fuel suppliers possibly have an advantage?

Who would prosper in such a situation? Would commercial hunters and trappers descimate wild game and other resources in poor high latitude countries? Meat would have very high prices in a famine.

Update 3:

Would corporate structures that make stock markets possible still remain, or would it become a posession is 9/10ths of the law situation where straegic industry workers and engineers and scientists would likely become the new warlords?

6 Answers

Relevance
  • Frank
    Lv 5
    1 month ago
    Best answer

    A 1 KILOMETER meteor would be devastating. The area around Winslow Arizona...perhaps farther than all the borders, was devastated 50,000 years ago by a 50 meter IRON meteor traveling at 45,000mph. We would be lucky if it HIT the Sahara...an ocean hit would release HUGE tsunamis.

  • 1 month ago

    A 1km asteroid would end modern society as we know it today

  • Oiy
    Lv 4
    1 month ago

    The storytellers will try to convince every investor to do the short sell.

  • 1 month ago

    Would corporate structures that make stock markets possible still remain, or would it become a posession is 9/10ths of the law situation where straegic industry workers and engineers and scientists would likely become the new warlords?

  • What do you think of the answers? You can sign in to give your opinion on the answer.
  • Henry
    Lv 5
    1 month ago

    What's a comet? Doesn't work on the flat earth.

  • 1 month ago

    Ndndjdjdjdndbdb

Still have questions? Get answers by asking now.