Stock markets have long moved to their own drummer, responding to forces that are sometimes quite different than what we expect. For investors, the key to success is to figure out just what force – or combination of forces – is going to impact the markets next.
In a recent report from the UK-based Chatham House think tank, economy and finance program director Creon Butler points to climate change as the next market game-changer. In fact, Butler sees climate issues causing a sharp market correction within 5 years.
Butler points out some of the potential fallout risks of a rapidly warming climate, and their influence on markets. His list of risks includes the emergence of new diseases, alterations in crop cycles reducing food supplies, tighter government regulation on carbon emissions, and a real estate pull-back from coastal areas. That last point, on property, is already impacting California, where several major home insurers have stopped writing property policies due to an…
2023-07-30 09:59:41
Article from finance.yahoo.com
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