What is the value of property that will be lost due to sea level rise?

I was watching CNBC and they were once again scoffing at the silly idea of global warming

I get the sense that the whole financial system is essentially on the verge of a historic collapse. Much of it is based on credit, and for credit to work the future has to be stable relative to historic conditions so that risk can be properly assessed. Based on the science this isn't going to be the case. Everything is going to be disrupted. So press outlets like CNBC have a vested interest in maintaining that the future will mostly resemble the past, otherwise it might be more difficult for them to sell ad time to sponsors who are reliant on this perception to do business.

It's interesting to note the stock buyback trend which has been going on with a lot of major companies like IBM. With interest rates so low they have been borrowing large sums to buy back their own public shares so that they become more scarce which drives up the price. Although they are doing this at great cost to the future of their companies by going into debt without using that debt for R&D or other investments for the future. It could be argued that—given what is known about climate change and how AI and robotics advancements will disrupt so much of the economy—many companies have decided the future isn't a safe bet. So they are using cheap money to hollow out their companies, get rich now, and run for the hills.

Shades of 2008—The SEC pretty much admitted the other day they aren't even regulating stock buybacks. From the linked article:

Returning profits to shareholders through buybacks and dividends accounted for 95 percent of all earnings in 2014. As a result, each additional dollar of corporate earnings now translates to under 10 cents of reinvestment, according to a study by J.W. Mason of the Roosevelt Institute.

I think many know what's going on, and their liquidating. Basically, Wall St. preppers.

/r/climate Thread