catastrophe.
"If the market doesn't do a better job of accounting for climate, we could have a recession—the likes of which we've never seen before," said the study's author, University of California, Davis accounting professor Paul Griffin, in a statement."
In other words, we have to lower the value of the stock market and all the 401ks for american workers if we want to avoid a recession.
Scared yet...?
Um, he's an accounting professor.
https://www.foxnews.com/science/extreme-weather-cause-economic-recession-like-weve-never-seen-beforeEdited by hokie at 10:05:57 on 02/17/20