Hurricanes Helene and Milton won't shake muni bond markets, but will lead to crushing increases in insurance costs. That's a problem for the entire system.
I really don't understand why this is not getting more attention - the bond market side that is. Perversely, its probably going to be the insurance market that gets the work done that ESG/climate change community have tried to do for years, stopping construction in places that should have been left alone and leading some sort of shambolic political semi managed retreat from other areas.
Again Susan, a very insightful Point of View. The markets are shortsighted. Kudos.
I really don't understand why this is not getting more attention - the bond market side that is. Perversely, its probably going to be the insurance market that gets the work done that ESG/climate change community have tried to do for years, stopping construction in places that should have been left alone and leading some sort of shambolic political semi managed retreat from other areas.