With the AR5 the scientific ground for alarmism has noticeably shrunk - although there's plenty left for political activists on other topics.

I'm open to suggestions that I should start worrying more about economic collapse.

So you seem to find that the AR5 gives you reason to worry less about climate change.
(Or where you being ironic?)

For example : you seem to be equating absence of evidence (or inconclusive evidence) with evidence of absence. Because there is not a clear worldwide trend to increased drought, or increased flooding, you conclude we should worry less.

But I wonder why you think the absence of clearly measurable worldwide trends demonstrates anything at all : this smells like a strawman. I don't know anyone who has claimed that "global warming will cause worldwide drought", or "global warming will cause worldwide flooding". On the contrary, global warning is expected to cause disruptive climate change in every region.  Intuitively, I would expect that overall warming would increase both floods and drought; but I wouldn't be surprised if, for example, increased flooding in certain regions coincided with decreases in other regions. And I expect that various regions are experiencing disruptive climate change which is currently poorly measured, or which is measured but lacks a history of measurements to detect trends.

As we have previously discussed with respect to flooding, various confounders such as land use changes make trends difficult to prove, even in areas where relatively good records exist. These also tend to be the wealthier regions, which are better at mitigating the effects anyway. As an anecdotal example : a decade-long drought in Texas hardly causes a blip in economic output; a third world nation which experienced something similar might experience collapse of subsistence food production, mass starvation and failure of institutions.

So, I will certainly be interested in discussing the regional analyses when they are released. Perhaps they will trouble your Panglossian calm.

On the other hand, I have no objection to you worrying more about economic collapse (one can never worry too much!)

_{It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II}