Danielle was a guest today with Jim Goddard on Talk Digital Network talking about recent developments in the world economy and markets. You can listen to an audio clip of the segment here.
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Danielle’s weekly market update
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LSE: financial markets underestimating costs of climate change
“Coastal real estate in cities like Miami are one type of asset that may be dangerously overvalued, if climate change proceeds as scientists predict.”
New research from the London School of Economics estimates that a broad range of global stocks and other financial assets are overvalued because investment managers don’t take the risks of climate change into account.
The LSE research estimates financial assets worldwide are presently overvalued by $2.5 trillion — and, in the worst case, $24 trillion.
Massive climate-related writedowns are not far off in the future, which would mean huge losses for investors who ignore the risks, says Alex Bowen of the Grantham Research Institute on Climate Change at LSE and co-author of the new study, published in Nature Climate Change. Here is a direct audio link.
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Japan shocker: Negative rates spur saving not spending
What!! Negative and zero rates prompt people to save more? Inconceivable!
Here is a direct video link.
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