Nouriel Roubini fears we are sleepwalking into a global crisis in the course of 2020, particularly in the run up to the November election in the US. Many of these are run by lobbyists (e.g., Climate Depot, run by a libertarian political lobbyist, CFACT), or supported by lobbyists (e.g., JoannaNova, WUWT, both of whom have received funding and otherwise substantial support by lobbying organizations like the Heartland Institute), or are actually paid by lobbyists to write Op-Eds and other blog posts that intentionally misrepresent the science.” So if you deny all the above scientific organizations there are a lot of un-scientific web sites out there that pretend to be science. If you have to believe that all of these organizations, and all of the climate scientists around the world, and all of the hundred thousand published research papers, and physics, are all somehow part of a global, multigenerational conspiracy to defraud the people, then you are, again, a denier by definition. If you have to dismiss all of these scientific organizations to reach your opinion, then you are by definition denying the science. These are all legitimate scientific sources. There are also climate research organizations associated with universities. Click on the names for links to their climate-related sites. These alphabet soup of organizations include NASA, NOAA, JMA, WMO, NSIDC, IPCC, UK Met Office, and others. “For climate change, there are many scientific organizations that study the climate. Any of them could trigger severe economic, financial, political, and geopolitical disturbances unlike anything since the 2008 crisis. Such events are not about the “unknown unknowns,” but rather the “known unknowns.”īeyond the usual economic and policy risks that most financial analysts worry about, a number of potentially seismic white swans are visible on the horizon this year. There are times when we should expect the system to reach a tipping point – the “Minsky Moment” – when a boom and a bubble turn into a crash and a bust. But I argued that financial crises, at least, are more like hurricanes: they are the predictable result of built-up economic and financial vulnerabilities and policy mistakes. NEW YORK – In my 2010 book, Crisis Economics, I defined financial crises not as the “black swan” events that Nassim Nicholas Taleb described in his eponymous bestseller, but as “white swans.” According to Taleb, black swans are events that emerge unpredictably, like a tornado, from a fat-tailed statistical distribution.
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