If you read this article while keeping the article “Faster than Expected” in mind, it becomes very interesting indeed. Just go through the paper, and every time Dr. Masters gives a percent chance of something happening double it.
El Nino this summer.
Yes, it is looking more and more likely. 2023 would be hot; 2024 eye-popping. 🙁
Dr. Masters talks about losses in the tens of billions $ in the event of a megaflood but I wonder if it could be a black swan event sufficient to collapse the entire global economy. Silicon Valley is surely systemically critical and California would, if it were a standalone nation, be the world's fifth largest economy by GDP. It's a key food producer for the US, too.
I guess it would depend on how badly infrastructure were damaged and how long economic activities were knocked off line.
