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.
BTW, clicking on most charts will produce the original-sized, i.e., bigger version.
Thursday, January 21, 2016
Hottest ever December
NOAA's estimates for December global temps have been released. There's no surprise that they're now the hottest ever measured, by a long chalk.
And the year to December was also the hottest ever measured.
In their desperation, however, the deniosphere dismiss these numbers. Instead of measuring the temperatures outside their windows, they have turned to satellite data, which show that temperatures are not rising. According to them. That oil company toady, Ted Cruz, is using satellite data to claim that the world hasn't warmed for the last 18 years. Dana Nuccitelli at the Guardian comprehensively dismisses this rubbish, here.