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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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Thursday, March 3, 2016

Massive February heat spike

Still preliminary data--most of the agencies which calculate global temps don't release their official calcs until the middle of the month.  But it looks as if February had the highest anomaly (relative to the average for the 20th century) higher even than January's.  And December's.  And ....  In fact the highest ever.  1.4 C above the baseline.   Already.

OK, it's just one month.  And it's an el niño year, but it's still far higher than the last major el niño year, 1998.  The linear trend per decade has been 0.21 C.  We have just 2 decades to stop global temperature averages from rising by less than our target of 1.5%.   And still the denialists deny.

Yet we could, if we put our minds to it, slash carbon emissions to zero within 20 years.

Source



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