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, December 3, 2016

0.2 ℃ per decade

There are still people out there who say that there has been a pause in the rise in global temperatures.  "Tamino" (who knows more about statistics than I've forgotten) looks at the data.  His explanation is so clear even I can understand it.  And the rise in temperatures since 1998 hasn't been much different from the rise before, roughly 0.2 ℃ per decade.  In other words, no slowdown.

0.2 deg. C per decade is 1 ℃ every 50 years.  And that's before powerful feedback mechanisms have got underway.  For example, the "compost bomb" .  Or the melting of methane clathrates.  As I keep on pointing out, moving to replace all coal-fired electricity generation by renewables will not raise the price of electricity, it will not cause an economic collapse, it will not cause lower living standards.  But not moving towards a green energy system surely will.

[Source of all charts]

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