re: Op/Ed by U of CA Professor: Expect financial fallout when the fossil fuel bubble bursts

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What about the next CDS bubble? Commercial real estate bubble?

Those + consumer debt bubble?

What if it all happened around the same time ?

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That they happen all around the same time is my fear.

GDP comes from dollar sales, not unit sales. That said, a frickton of GDP's growth over the last year or so has come from consumer and federal debt creation. Expanding growth primarily through debt creation, especially when that debt has high interest, is an unsustainable endeavor.

Consumer defaults have been on the rise for over a year now, we're now back to 2013/2012 levels (when they were falling) and the current continued rise in inflation isn't going to change that.

All that said, I don't see how the credit bubble popping doesn't cause other bubbles to pop (and vice versa, it's likely to come down to just which one goes first). The solution is for Congress and consumers to stop spending so much and start paying DOWN their debt (instead of just servicing it), but that doesn't seem to be what enough people want so bad times are a-comin'.