Rubbish... The recently released Florida Sea Grant update study to their 2009 report shows an average sea-level increase of just over 5 cm from 1990 to the present. They are projecting an increase of 50 cm by 2100 if the current rate of increase were to remain unchanged. Most, if not all, bridges in Florida will need replacement before then.
The Sky "ain't" quite falling yet...
I will finish the report but this is a quote:
Studies conducted since 2007 indicate that
such contributions are already becoming significant
and will most likely increase, causing
sea-level rise by 2100 to range between 0.5
meter (about 20 inches) to more than a meter
(more than 3 feet). Much has yet to be learned
before sea level can be projected with greater
precision and certainty, but the differences are
largely a matter of when, not whether, economically
and ecologically critical levels will be
Since mortgages are typically 30 years and only a foot would be a disaster and insurance and banking people are very conservative my only question is when the pessimists will outnumber the optimists.
Not today of course but when it happens I suspect it will be fast. It will be like a run on a bank. The bank is good until everybody knows someone who has taken their money out.