Disclaimer

Disclaimer. After nearly 40 years managing money for some of the largest life offices and investment managers in the world, I think I have something to offer. But I can't by law give you advice, and I do make mistakes. Remember: the unexpected sometimes happens. Oddly enough, the expected does too, but all too often it takes longer than you thought it would, or on the other hand happens more quickly than you expected. The Goddess of Markets punishes (eventually) greed, folly, laziness and arrogance. No matter how many years you've served Her. Take care. Be humble. And don't blame me.

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Sunday, September 8, 2013

Global warming continues



Yet more evidence:

The melting of Antarctic and Greenland ice sheets is accelerating and may trigger faster sea level rise than predicted, according to leaked details of the forthcoming Intergovernmental Panel on Climate Change report.
Greenland's ice added six times more to sea levels in the decade through 2011 than in the prior 10 years, according to details of a draft 2200-page study by the UN agency, obtained by Bloomberg.
The Antarctic experienced a five-fold increase, prompting the UN to raise its forecast for how much the two ice sheets would add to Earth's oceans by 2100.

And this throw-away line:

Together, Greenland and Antarctica contain enough ice to raise global sea levels by almost 66 metres.

[Read more here]

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