The Federal Reserve is finally proclaiming the obvious and what I’ve been warning you of for years. “The Fed said storms, floods, droughts and wildfires are among the “acute hazards” that could upend stable economic conditions.” While this article is primarily about the threat of climate change to commercial and residential real estate and their underlying assets (mortgages and mortgage backed securities)…
Let’s talk cars. There’s a bunch of news recently on several fronts. Two states are passing legislation requiring all sales of new cars to be electric by 2035. (That’s only five years after I bet on 2030 quite a few years ago. The world is finally catching up to me!) ELECTRIC VEHICLES: N.J. calls for 100% EVs by 2035,…
Today’s message is that small, sometimes nearly invisible things matter in a BIG way. Previously I’ve alerted you to NSR (New Source Review: https://franklytalking.com/altering-nsr-can-kill-you-concerned/) and how what might be an obscure adjustment to a regulation can have an enormous impact on your personal health and that of the planet. In addition, I wrote about the CRA (Congressional Review Act: https://franklytalking.com/what-the-hell-is-cra-and-why-should-you-care/) and how its…
Last week I wrote about the multitude of articles showing how our country is waking up to the climate crisis and beginning to react. None too soon because the consequences are becoming not only worse but converging. Or, as the following article describes, cascading. The article from the NYT is a bit long and honestly, scary and depressing as…
As you know, I have been writing about the adaptation of electric vehicles forever and predicting the conversion to an all electric fleet long before the “experts” have been prognosticating. One of the primary reasons is that I have faith that battery technology and competitive costs will occur quantum times faster than conventional “wisdom”. Facts on the ground continue to support my…
After sending my last message to you incapsulating some of my themes and perspectives I thought that today I would send you the highlights of some recent articles that summarize and reiterate several topics about which I’ve been writing. I’ll leave it up to you to look up the articles if you want more details. Phoenix Hits 114 F for…
I recently received some feedback that there’s enough bad news from the media everyday and that it would be nice if I were more positive in my messaging. Yes, there is some negativity in my writing. But mostly, I think I have been encouraging optimism. In considering this I hope that my themes are coming through: 1. Negative: The Climate…
In case you haven’t been paying attention, it’s becoming more and more clear that the horse is out of the barn: we’ve passed a tipping point. When you can read this in Forbes, things have changed. “After all the suffering of the pandemic, let’s make investments that will preserve life as we know in this planet and strengthen our…
Before I start my overview of the attached article I want to address the feedback I received from many of you about my format. Thanks to all of you who responded. The first point was that almost everyone liked it and encouraged me not to change it. That said, there was some confusion on the overall scheme. So let me try to…
I have been warning of the impending collapse of the fossil fuel business especially oil. And, with it the devaluation of value of the oil companies’ stock price. I expected it to happen quickly when it occurred but I certainly didn’t expect it to happen due to a global pandemic. But here we are. As predicted, it ain’t pretty. And after we get past…