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.

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Friday, March 3, 2017

More records broken.

(source)


I've mentioned recent record temperature anomaly highs, in Australia and the US.

Here are two more.

Chicago hasn't had snow in January and February for the first time in 146 years.
Chicago—a city well known for its windy and snowy winters—is experiencing some unusually warm weather. For the first time in 146 years, there was no documented snow on the ground in January and February, according to the local National Weather Service. In fact, from Feb. 17-22, Chicago set new winter records with six consecutive days of temperatures in the high 60s to 70 degrees Fahrenheit.

[Read more here]

And Antarctica (autumn has just begun in the southern hemisphere) has just recorded a new temperature high:

The World Meteorological Organization announced Wednesday that Antarctica hit a new record high recorded temperature of 63.5 degrees F. 
The record, set at an Argentine research base in 2015 and just confirmed by the World Meteorological Organization, breezes past the previous record of 59 degrees. 
Meanwhile, real time data released from the National Snow and Ice Data Center showed only 2.131 million square kilometers of sea ice surrounding the continent on Feb. 28—about 159,000 square kilometers less than the record low set in 1997. The Antarctic ice sheet contains 90 percent of the world's freshwater, which would raise sea levels by 200 feet if it were to melt.

[Read more here]

And there are still people who deny the reality of global warming.  (On a side note: can you trust anecdotes or just one instance?  Yes, if they are consistent with the science and the trend in global data.  And yes, if they keep on happening.)

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