To Lou witty dissection of climate hypocrisy, add that the legal prospectuses for NYC long-term bond issues say nothing about climate risk, while NYC's mayor keeps warning that climate catastrophe will drive a stake thru the city's heart. But then, how will bondholders get paid?

To Lou witty dissection of climate hypocrisy, add that the legal prospectuses for NYC long-term bond issues say nothing about climate risk, while NYC's mayor keeps warning that climate catastrophe will drive a stake thru the city's heart. But then, how will bondholders get paid? https://t.co/lYIPOQkZE3

— Gene Epstein (@GeneSohoForum) December 5, 2019