Expect financial fallout when the fossil fuel bubble finally bursts. A climate Minsky Moment

Climate change — and the lack of timely, consistent action to address it — is driving the world toward a new financial crisis. Indeed, senior regulators are increasingly warning that this will cause a collapse similar to the 2008 Great Recession. The head of the European Environment Agency…#2008greatrecession #treasury #janetyellen #europeancentralbank #christinelagarde #markcarney #bankofengland #minskymoment #hymanminsky #carney
Source: Reuters: Health - Category: Consumer Health News Source Type: news