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. These days I'm retired, and I can't by law give you advice. I do make mistakes, but I try hard to do my analysis thoroughly, and to make sure my data are correct. Remember: the unexpected sometimes happens. The expected does too, but all too often it takes longer than you thought it would.

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.

Saturday, January 23, 2016

Scary

I mentioned Dana Nuccitelli's piece about the problems with satellite data here. But the article has a scary--no -- a terrifying chart in it:

Source

It shows several different estimates of global temperature anomalies, smoothed with a 12 month moving average, going back to 1980.  During that time, the average global temperature has rising a terrifying 0.8 C.    In 35 years.  Holy macaroons with cream on!

If this trend continues, and there's no reason why it won't as we continue to pump CO2 into the atmosphere,  global temps will rise another 0.8 C by 2050.   We will be perilously close to the  2 C limit scientists think will cause tipping points.  And if the trend increase accelerates ....

Meanwhile, the deniosphere, after saying for years that temps haven't risen for 18 years by picking the el nino peak in 1998 as the starting point, so "proving" global warming has ceased, now say that 35 years isn't long enough to determine a trend in climate.

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