Climate Change and Financial Stability
Of course, they failed to mention anything about The Wuhan Virus and the latest talking heads say that vaccinating young children will cause the virus to go to a simple cold by December 2022.
Let's hope there are no reproductive problems that manifest later for this generation.
serf
Climate Change and Financial Stability Insights from The Federal Reserve?
First, climate risks can manifest as shocks to the financial system.10 Acute hazards, such as storms, floods, or wildfires, can quickly change or reveal new information about future economic conditions or the value of real or financial assets.11 With the potential for sudden large shifts in perceptions of risk, chronic hazards (like a slow increase in mean temperatures, or rising sea levels) could produce abrupt repricing events, if investor expectations or sentiment about the physical risks change abruptly. While these examples focus on physical risks, shocks to the financial system may emerge from a broader set of climate risks. These additional risks include the emergence of climate-related liability risks or future changes in climate policies. Like all financial shocks, it is difficult to predict how and when these broader set of climate risks may be realized as financial shocks.