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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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Monday, July 3, 2017

Record heat

Source



Record heat in the US south-west:


It's So Hot in Arizona, Meteorologists Need New Weather Map Colors

Just like they had to in Australia in the southern hemisphere summer.

Record heat in Iran and Europe:


Scorching 129 Degree (F) Temps Hit Iran; Severe June European Heatwave Attributed to Climate Change; Satellite Data Confirms Rapid Global Warming


The heatwaves in Europe have been made more intense by climate change:


'Very strong' climate change signal in record June heat


After the last great El Niño in 1998, global temperatures dropped 0.2 degrees C in 1999.  The post El Niño decline so far this year has been 0.17 degrees (January to May 2017 vs same period 2016) and June's data will likely reduce this still fall further.

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