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Book cover "From two leading thinkers, the widely anticipated book that describes a new, hugely connected world of the future, full of challenges and benefits which are ours to meet and harness. Whether a government, a business or an individual, we must understand technology if we want to understand the future."

Additional Nematrian Commentary The authors argue that “the health of the ecology and that of the economy of a region or country have always been intimately linked” and hence consider ecological imbalances to have the scope to create systemic risks. They note the strong past link between housing markets and systemic risk. This suggests to them that an (abrupt) change in the services of a major asset class with a long maturity can lead to a major downward adjustment in its price and consequential risk of spill-over into the wider economy, especially if it is often debt financed. They then explore whether the so-called ‘carbon bubble’ shares some of these characteristics.

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