Tag: bubbles

Coral reef misinformation bubbles up amid bleaching worldwide

Australia’s Great Barrier Reef experienced the most widespread bleaching on record in the summer of 2023 to 2024, with skeptics dismissing the role of human-induced climate change in putting coral barriers under intense heat stress. But scientists say ocean warming is the main cause for repeated, intense bleaching over recent decades. “Coral bleaching is a […]

Fed policy isn’t very tight and the market is ‘at the foothills of bubbles,’ former Treasury Secretary Larry Summers says

Markets are edging closer to bubble territory, Larry Summers warned. The former Treasury Secretary warned Fed policy isn’t nearly as restrictive as markets think. That’s raising the odds of no rate cuts coming in 2024, summers said. The Federal Reserve hasn’t tightened monetary policy as much as investors may think, and that’s putting the market […]