A $1 Trillion Time Bomb Is Ticking in the Housing Market - Bloomberg

Climate change is costing us dearly, and it’s only getting worse. I feel so intensely frustrated, largely because the preventative actions we could have taken were not mysterious to us: invest in renewables, transition from greenhouse gas-emitting energy generation, and put a price on carbon. We’re finally making some progress on green energy, than... See more

In Hawaii, where insured property losses exceed $3 billion dollars, homeowners face rising insurance premiums as a result of climate disasters. Californians are familiar with this pain: State Farm and Allstate have already stopped offering homeowner policies in the state due to a combination of government-imposed rate caps, expensive reinsurance, a... See more

Farley conceded that there are “a lot of underwater bonds in the banking system and that can pose financial stability risks because banks are leveraged institutions. If it’s levered 10 to 1 and you have a 10 percent loss, all the equity is gone.” Which, of course, is exactly what happened to Bear Stearns, which at times was levered 50 to 1, meaning... See more