In this week’s episode of Late Capitalism Theater, we proudly present: “Cat Bonds: Because Who Doesn’t Want a Front Row Seat to the Apocalypse?”
Yes, friends, while sea levels rise, wildfires torch continents, and earthquakes toss cities like a toddler with a Lego set, Wall Street has cooked up yet another high-yield thrill ride for investors who like their portfolios shaken, not stirred—with a tsunami chaser. According to a paywalled Financial Times article that somehow managed to keep a…