Oddbean

"There is a huge disconnect between what scientists expect from global warming, and what pensioners/investors/financial systems are prepared for. Consequently, a wealth-damaging correction or “Minsky Moment” cannot be ruled out, and perhaps should be expected." https://carbontracker.org/the-climate-risk-delusion-under-pricing-climate-risk-contributes-to-climate-change-itself-and-puts-global-pension-wealth-in-peril/ #ClimateChange #economics #finance #collapse Via @jackofalltrades@mas.to The wikipedia lage for Minsky Moment makes it look so tame...