|#SubscriberNotes have been updated on the website. If Elliott Wave counting works, a very bullish outcome may be ahead.|
Wednesday, June 29, 2016
|The sun goes blank as The latest solar image is completely spotless for the second time this month.
Tuesday, June 28, 2016
|#SubscriberNotes have been updated on the website. SKEW is hitting record highs as investors clamor for puts on SPX.|
Monday, June 27, 2016
Sunday, June 26, 2016
Friday, June 24, 2016
Wednesday, June 22, 2016
|#SubscriberNotes have been updated on the website. Brexit controls the market and investors are buying puts to protect their portfolios.|
|WeatherTrends360 is calling for hot and dry weather to send corn prices soaring this summer:
Tuesday, June 21, 2016
Monday, June 20, 2016
Sunday, June 19, 2016
Friday, June 17, 2016
If you follow Europe's major financial news networks, you're no doubt inundated by all the rumor and conjecture surrounding the Brexit referendum -- it dominates the headlines.
Back across the pond, the Washington Post calls it the "most important vote in Europe in a half-century."
So will Great Britain exit the EU? If it does, what happens next? How do you separate fact from fiction, the signals from the noise? Is a Brexit bullish or bearish for Europe's already weak markets and economies? What about Great Britain's market and economy? How will it impact U.S. investors? Who stands to benefit the most? Who stands to lose the most?
And most important of all ... where does your money fit into the picture? How can you protect it? And are there any opportunities developing out of the turmoil?
Our friends at Elliott Wave International have answers for you in their new report, How to Invest for Brexit. And we've arranged it so that you can read this new report, by EWI Chief European Market Analyst Brian Whitmer, FREE.
Brian has been tracking EU break-up signs since forecasting the Union's coming unraveling as early as 2009, and he asks and answers investors' most pressing questions inside this new free report.
Thursday, June 16, 2016
|#SubscriberNotes have been updated on the website. The options expiration rally has finally arrived to pump stocks higher.|
Wednesday, June 15, 2016
Tuesday, June 14, 2016
Monday, June 13, 2016
Sunday, June 12, 2016
|#SubscriberNotes #WeekendAnalysis reports have been updated on the website. Trend remains up, but a major buying opportunity likely ahead.|
Thursday, June 09, 2016
Tuesday, June 07, 2016
Monday, June 06, 2016
Sunday, June 05, 2016
Thursday, June 02, 2016
Wednesday, June 01, 2016
Tuesday, May 31, 2016
Sunday, May 29, 2016
|#SubscriberNotes #WeekendAnalysis reports have been updated on the website. Equity uptrend is projected to continue by Ts.|
Thursday, May 26, 2016
|#SubscriberNotes have been updated on the website. A potentially large change-in-trend is close at hand in the markets.|
Wednesday, May 25, 2016
|#SubscriberNotes have been updated on the website. A new bottoming channel for VIX urges traders to watch for potential CIT in equities.|
Tuesday, May 24, 2016
Monday, May 23, 2016
Sunday, May 22, 2016
Thursday, May 19, 2016
Wednesday, May 18, 2016
|#SubscriberNotes have been updated on the website. Lack of force to the downside suggests bears are running out of momentum.|
Tuesday, May 17, 2016
Monday, May 16, 2016
Thursday, May 12, 2016
|#SubscriberNotes have been updated on the website. The equity market continues being driven by the direction of VIX, which turned higher today.|
|#SubscriberNotes have been updated on the website. The equity market is being driven by the direction of VIX, which should be turning higher on a trend basis.|
Tuesday, May 10, 2016
Monday, May 09, 2016
Sunday, May 08, 2016
|#SubscriberNotes have been updated on the website. Stocks rebound as bears run out of gas.|
Thursday, May 05, 2016
|#SubscriberNotes have been updated on the website. Today's buy to cover shorts signal was quickly reversed as weakness continues in equities.|
Wednesday, May 04, 2016
Tuesday, May 03, 2016
|Scott Adams told us what would happen to Trump last year:
From Say Goodbye To Your Mind.
Monday, May 02, 2016
Sunday, May 01, 2016
Thursday, April 28, 2016
|#SubscriberNotes have been updated on the website. NASDAQ continues to drag the equity markets down.|
|We've projected solar power to dominate the energy field in the next couple of decades and the trends remain right on track for that to happen. Ray Kurzweil explained it recently at a medical device trade show in Anaheim, California, written up in Solar Power World. Here are some salient points he made:
Wednesday, April 27, 2016
|#SubscriberNotes have been updated on the website. The path of least resistance for equities is up at this time of year.|
Tuesday, April 26, 2016
Monday, April 25, 2016
Sunday, April 24, 2016
|#SubscriberNotes #WeekendAnalysis have been updated on the website. Stocks still maintain an uptrend, but not in a bull market.|
Thursday, April 21, 2016
|#SubscriberNotes have been updated on the website. Expected weakness in stocks is likely only short term.|
|#SubscriberNotes have been updated on the website. Weakness in stocks should be only temporary here.|
Tuesday, April 19, 2016
Monday, April 18, 2016
Sunday, April 17, 2016
Friday, April 15, 2016
Thursday, April 14, 2016
|#SubscriberNotes have been updated on the website. Which leading index is due for an important change-in-trend on Monday?|
Tuesday, April 12, 2016
Sunday, April 10, 2016
Friday, April 08, 2016
|#SubscriberNotes have been updated on the website. A significant seasonal low appears to be setting up in the equity market.|
Wednesday, April 06, 2016
Tuesday, April 05, 2016
Monday, April 04, 2016
Sunday, April 03, 2016
|#SubscriberNotes have been updated on the website. Seasonality tells us to expect taxday to be significant for the equity market.|
Thursday, March 31, 2016
|#SubscriberNotes have been updated on the website. Employment Report Friday dead ahead. Watch the market react to the report.|
Wednesday, March 30, 2016
Tuesday, March 29, 2016
Monday, March 28, 2016
Saturday, March 26, 2016
|Valeant Pharmaceuticals is the latest example of the bubbles on Wall Street. David Stockman describes it in A Scam Called Valeant—Why The Casino Is Going To Blow:
Thursday, March 24, 2016
|#SubscriberNotes have been updated on the website. Stock market rallies ahead of Easter for the 18th time in the last 18 years.|
Wednesday, March 23, 2016
|#SubscriberNotes have been updated on the website. Stocks tend to rally during Easter. Was today a setup for that rally?|
|Jason Box explains why the cold pool of water in the North Atlantic (caused by Greenland and Canadian ice melt) is causing storms in the U.K.:|
|Scott Adams explains how government has evolved from a republic to a form of social media in Social Media is the New Government. It's an important point and a nice change from what he calls “Economic Fascism” which is a form of government controlled by the very rich.|
Tuesday, March 22, 2016
Monday, March 21, 2016
|Joe Romm writes in Climate Progress:
Sunday, March 20, 2016
Thursday, March 17, 2016
|#SubscriberNotes have been updated on the website. Money managers expect recession, but can't afford to sit on the sidelines in cash.|
Wednesday, March 16, 2016
|#SubscriberNotes have been updated on the website. Why the precious metals bear market isn't over yet and what will signal it is.|
Tuesday, March 15, 2016
Sunday, March 13, 2016
Saturday, March 12, 2016
Thursday, March 10, 2016
|#SubscriberNotes have been updated on the website. Crazy volatility is a sure symptom of a top in overvalued/overbought equities.|
|“It doesn’t always rain when you need water, so we have reservoirs — but we don’t have the same system for electricity,” says Jill Cainey, director of the UK’s Electricity Storage Network. But that may change in 2016, with industry figures predicting a breakthrough year for a technology not only seen as vital to the large-scale rollout of renewable energy, but also offering the prospect of lowering customers’ energy bills. Big batteries, whose costs are plunging, are leading the way. But a host of other technologies, from existing schemes like splitting water to create hydrogen, compressing air in underground caverns, flywheels and heated gravel pits, to longer term bets like supercapacitors and superconducting magnets, are also jostling for position. Read full article.|
Wednesday, March 09, 2016
Tuesday, March 08, 2016
Monday, March 07, 2016
|Tens of millions of Americans rely on Social Security for a majority of their income, but this year – for just the fourth time in the history of the program – beneficiaries didn’t receive a cost of living adjustment. Meanwhile, CEO pay has continued to skyrocket.
Sen. Elizabeth Warren has introduced a bill called the Seniors and Veterans Emergency Benefits Act (SAVE Benefits Act)1 that would give seniors, veterans, people with disabilities and surviving spouses who rely on Social Security a one-time payment of $580 to help make ends meet. It would be paid for by closing a loophole that subsidizes excessive CEO pay.
In a few days, Sen. Warren, Sen. Chuck Schumer and progressive groups will be delivering the signatures on this petition to Senate Majority Leader Mitch McConnell. Add your name to the petition now to help build pressure on Sen. McConnell to allow a vote on the bill.
In October, the Social Security Administration announced that there would not be an automatic increase in Social Security benefits in 2016, as there is in most years.2 Right now, the average Social Security benefit is less than $15,000 per year – and many of the tens of millions of Americans who rely on Social Security to get by desperately need a raise.
Meanwhile, CEO pay at the 350 biggest firms in the U.S. now averages more than $16 million per year – over 1,000 times more than the average Social Security benefit. In 2014, the last year for which data is available, these CEOs saw their pay increase by 3.9 percent. Incredibly, much of this compensation slips through the so-called “performance pay” loophole, which allows corporations to deduct CEO pay from their taxable income as long as it is based on performance.
The SAVE Benefits Act addresses both of these problems at once by providing a one-time $580 Social Security payment that is paid for by eliminating this egregious loophole. It’s a smart bill that will give a much-needed raise to our seniors and veterans instead of wealthy CEOs.
But Sen. McConnell has so far refused to allow a vote on the SAVE Benefits Act. That’s why Sen. Elizabeth Warren, Sen. Schumer and progressive groups are organizing a big petition delivery this week. Add your name to our petition now to make sure it is included in the delivery.
Sunday, March 06, 2016
|James Hansen, noted climate scientist who warned us decades ago of the dangers of fossil fuels, now suggests that we are on track to make parts of our planet uninhabitable by the end of this century:|
|#SubscriberNotes #WeekendAnalysis reports have been updated on the website. Correction dead ahead for stocks.|
Saturday, March 05, 2016
Danielle Fong is passionate about finding a solution to energy sustainability. "I have patience with people but not with systems" and her life choices proves this. With guidance and advice from fellow contemporary innovators like Steve Jobs she continued to follow her vision of finding the missing technology -something she instinctively felt- to conserve energy.
Self-described as ‘a girl from the future’, the 27-year-old Canadian innovator, entrepreneur and eco-pragmatist has been featured in Forbes' 30 under 30 in the category of Energy & Industry, as well as interviewed by Forbes.com in a video entitled "Danielle Fong May Save the World". She has also been named as one of the “Top 35 Innovators under 35” by the MIT Technology Review. Left junior high school at the age of 12 to attend Dalhousie University, graduated with first class honors in computer science and physics, then entered the Plasma Physics Department at Princeton University as a PhD student. She went on to co-found LightSail Energy, where she currently works as “Chief Science Officer” developing a form of compressed air energy storage. Danielle works actively to mentor and inspire entrepreneurship and invention in hard technology, working as a mentor. She tours extensively, speaking on behalf of invention and the environment, and publishes essays at www.daniellefong.com.
This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at http://ted.com/tedx
Thursday, March 03, 2016
Wednesday, March 02, 2016
|#SubscriberNotes have been updated on the website. Has the rally turned the bears bullish again?|
Tuesday, March 01, 2016
Monday, February 29, 2016
Sunday, February 28, 2016
|#SubscriberNotes have been updated on the website. While it's a bear market, a substantial percentage of stocks remain in uptrends.|
Friday, February 26, 2016
|Tesla shares have been on a tear lately. Buyers are pouring money into the stock at a great rate as our Money Flow indicator shows:
Electric vehicles could be as cheap as gas-guzzlers soon:|
Thursday, February 25, 2016
|Bloomberg predicts that by 2023, more people will be driving electric, which will cause the demand for oil to drop by 2,000,000 barrels a day. When that happens, it says there will be another crash in oil prices. Read more...|
|#SubscriberNotes have been updated on the website. Why stocks are acting like little puppy dogs now.|
Wednesday, February 24, 2016
Tuesday, February 23, 2016
|Can you imagine a retirement fund that earns less than 0%?
Negative interest rates may soon arrive in the United States—which means you could be “taxed” on previously interest-paying investments, such as CDs, savings accounts, and US government bonds.
Several European countries, the ECB, and now Japan have already established a NIRP (negative interest rate policy).
Fed heads from Janet Yellen to Stanley Fischer have stated they may be in favor of it if the economic situation in the US “warranted” it… which, as we all know, could mean anything.
Two of Mauldin Economics’ top editors—Tony Sagami and Jared Dillian—sat down for a video interview to discuss their thoughts on the possible advent of NIRP:
Monday, February 22, 2016
Sunday, February 21, 2016
|#SubscriberNotes #WeekendAnalysis have been updated on the website. More rally ahead for equities this week, but dip first.|
Thursday, February 18, 2016
|#SubscriberNotes have been updated on the website. Investors, not trusting the stock market, decided to patch up the piggy bank today.|
Wednesday, February 17, 2016
|#SubscriberNotes have been updated on the website. Where are investors pulling funds to buy stocks again? The bond market!|
Tuesday, February 16, 2016
Monday, February 15, 2016
|By Ron Paul
Last week US stock markets tumbled yet again, leaving the Dow Jones index down almost 1500 points for the year. In fact, most major world markets are in negative territory this year. There are many Wall Street cheerleaders who are trying to say that this is just a technical correction, that the bottom is near, and that everything will be getting better soon. They are ignoring the real message the markets are trying to send: you cannot print your way to prosperity.
People throughout history have always sought to acquire wealth. Most of them understand that it takes hard work, sacrifice, savings, and investment. But many are always looking for that "get rich quick" scheme. Monetary cranks throughout history have thought that just printing more money would result in greater wealth and prosperity. Every time this was tried it resulted in failure. Huge economic booms would be followed by even larger busts. But no matter how many times the cranks were debunked both in theory and practice, the same failed ideas kept coming back.
The intellectual descendants of those monetary cranks are now leading the world's central banks, which is why the last decade has seen an explosion of money creation. And what do the central bankers have to show for it? Lackluster employment numbers that have not kept up with population growth, increasing economic inequality, a rising cost of living, and constant fear and uncertainty about what the future holds.
The past decade has been a lot like the 1920s, when prices wanted to drop but the Federal Reserve kept the price level steady through injections of easy money into the economy. The result in the 1920s was the Great Depression. But in the 1920s prices were dropping because of increased production. More goods being produced meant lower prices, which the Fed then tried to prop up by printing money. Unlike the "Roaring 20s" however, the economy isn't quite as strong today. It's more of a gasp than a roar.
Production today is barely above 2007 levels, while heavily-indebted households already hurt during the financial crisis don't want to keep spending. The bad debts and mal-investments from the last Federal Reserve-induced boom were never liquidated, they were merely papered over with more easy money. The underlying economic fundamentals remain weak but the monetary cranks who run the Fed keep trying to pump more and more money into the system. They fail to realize that easy money is the cause, not the cure, of recessions and depressions. They didn't realize that prices needed to drop in order to clear all the bad debt and mal-investments out of the system. Because they don't realize that, we are on the verge of yet another financial crisis.
Don't be confused by any stock market rallies over the next few months and think that the worst is over. Remember that after Black Tuesday in 1929 the Dow Jones rallied over the next year before it began slowly and steadily to sink again. The central bankers will do everything they can to delay the inevitable. If they had allowed housing prices to fall in 2008 and hadn't bailed out the big Wall Street banks, the economy would have corrected itself. Yes, it would have been a severe correction, but it would have been nothing compared to the inevitable correction that will present itself when the Fed runs out of easy money options. The Fed may try to cut interest rates again, maybe even going negative, or it will do more quantitative easing, but that won't work. Creating more money does not lead to economic growth and well-being. The more money the Federal Reserve creates, the more ordinary Americans will end up suffering.
Copyright © 2016 by RonPaul Institute. Permission to reprint in whole or in part is gladly granted, provided full credit ad a live link are given.
Sunday, February 14, 2016
|When you ask a large fossil fuel extractor like BP (didn't they tell us BP stood for “Beyond Petroleum?”) what the future will look like, of course you get what they want you to see. Steve Hanley writes in BP Energy Outlook Sees The World Through Oil Colored Glasses:
|A preliminary version of #SubscriberNotes have been updated on the website. We'll have more later on Sunday.|
Thursday, February 11, 2016
|David Haggith writes:
|#SubscriberNotes have been updated on the website. What does the dog do after he catches the car he was chasing?|
Wednesday, February 10, 2016
Tuesday, February 09, 2016
Monday, February 08, 2016
Sunday, February 07, 2016
Thursday, February 04, 2016
|#SubscriberNotes have been updated on the website. Employment Report should be a market force Friday morning. Be very careful.|
|Scott Adams makes a very good case for the Iowa primary to have been rigged to stop Trump. In News Flash: Cartoonist Gets One Wrong!, Adams says,
Wednesday, February 03, 2016
|#SubscriberNotes have been updated on the website. It was a Wednesday Turnaround for oil and it pulled commodities higher.|
Tuesday, February 02, 2016
Monday, February 01, 2016
Sunday, January 31, 2016
|By Ron Paul (Read online at http://bit.ly/1nWPSsg)|
Passage of Senator Mitch McConnell’s authorization for war against ISIS will not only lead to perpetual US wars across the globe, it will also endanger our civil and economic liberties. The measure allows the president to place troops anywhere he determines ISIS is operating. Therefore, it could be used to justify using military force against United States citizens on US territory. It may even be used to justify imposing martial law in America.
|#SubscriberNotes #WeekendAnalysis have been updated on the website. Buy signals are popping up like spring flowers.|
Thursday, January 28, 2016
Wednesday, January 27, 2016
Tuesday, January 26, 2016
Monday, January 25, 2016
Sunday, January 24, 2016
Thursday, January 21, 2016
Wednesday, January 20, 2016
|#SubscriberNotes have been updated on the website. Stocks are telegraphing they want to bottom soon.|
|When the Fed decided last month to raise the Fed Funds rate from 0% to ¼%, most commentators pointed out the insignificance of a ¼% rate hike. But, when you think about it, that's an infinite percentage increase in the rate. This point is important because the Fed has to drain liquidity from the banking system in order to keep the rate at ¼%. E.D. Skyrm, managing director of Wedbush Securities estimates the Fed needs to drain between $310 billion and $800 billion in liquidity to achieve this.
The Fed does this through “reverse repos,” which means it sells Treasury bonds to banks and receives payment via the bank’s reserves. In short, it amounts to decreasing the amount of liquidity in the banking system.
In other words, the gang of lawyers who run the Fed has decided to suck the lifeblood out of the economy in order to raise interest rates from zero to ¼%. The effect so far is that the stock market is crashing and jobs will follow, circling the drain on the way down. This is exactly the same stupidity the Fed pulled in 1937 in the middle of the Great Depression: they crashed both the stock market and the economy and prolonged the depression for another decade. In fact, their actions almost certainly resulted in Germany starting World War II. That shouldn't have happened and the only we can ensure that we don't go through this cycle again is to END THE FED.
Tuesday, January 19, 2016
Sunday, January 17, 2016
Thursday, January 14, 2016
|#SubscriberNotes have been updated on the website. Equities approaching a bottom, apparently|
|Bloomberg New Energy reports:
The sun and the wind continue to defy gravity.
Renewables just finished another record-breaking year, with more money invested ($329 billion) and more capacity added (121 gigawatts) than ever before, according to new data released Thursday by Bloomberg New Energy Finance.
This wasn't supposed to happen. Oil, coal and natural gas bottomed out over the last 18 months, with bargain prices not seen in a decade. That's just one of a handful of reasons 2015 should have been a rough year for clean energy. But the opposite was true.
The momentum toward sustainable energy is too powerful to let cheap fossil fuels derail it now. The majority of our electricity will be generated by solar power by the 2030s. Note that wind power originates in energy pumped into our atmosphere from our fusion power reactor in the sky.
Wednesday, January 13, 2016
Tuesday, January 12, 2016
The grid has not changed much since the days of Thomas Edison, George Crabtree, senior scientist at Argonne National Laboratory, told PBS's The Good Stuff in the video above. While other industries have made dramatic advances in the last century, he said, the electrical grid has remained largely the same. "Imagine that we brought back Alexander Graham Bell, the inventor of the telephone, and we showed him our cell phones He'd be baffled," Crabtree said. "Now, bring back Thomas Edison and show him the grid as we have it now and he would instantly recognize every feature of that grid," he said. "He'd say Oh, I understand that grid. I know how it works In fact, I could run the grid for you if you'd like.'"
But all that is about to change, Crabtree predicted. "It may be 5 to 10 to 15 years off, but I think it will come," he said.
It's coming alright . . . and much faster than the experts think.
Read more here.
Monday, January 11, 2016
Sunday, January 10, 2016
|One thing investors may not realize is that bear markets generally can have the best rallies. The current bear market has come a long way in a short period of time. We could see a strong rally back this coming week, but a significant seasonal and cycle low is likely to come in later in January.
#WeekendAnalysis PDF report is now ready for subscribers to view on the website.
Saturday, January 09, 2016
|#SubscriberNotes have been updated on the website. We'll be updating the #WeekendAnalyis Report on Sunday.|
David Stockman ferrets out this factoid about the December jobs report released Friday morning: Here's a newsflash that CNBC didn't mention. According to the BLS, the US economy generated a miniscule 11,000 jobs in the month of December.
But on the apparent theory that December is colder than November, and notwithstanding that almost nobody works outside anymore, the BLS fiction writers added 281,000 to their headline number to cover the "seasonal adjustment."
Of course, this December was much warmer, not colder, than average. Likewise, Christmas season bricks and mortar retail is in turmoil and in secular decline due to Amazon and its e-commerce ilk; export based sectors have been thrown for a loop in the last few months by a surging dollar; and construction activity has been so weak in this cycle—-and for the good reason that both commercial and residential stock is vastly overbuilt owing to two decades of cheap credit——that its not remotely comparable to historic patterns.
Thursday, January 07, 2016
|#SubscriberNotes have been updated on the website. Only 21.6% of NYSE stocks remain in uptrends, confirming the bear trend|
|Solar power is heading for dominance by the 2030s, as we've written before. Tam Hunt updates his case for the Solar Singularity Getting Closer:
Conventional solar is silicon-based, but new technologies have the potential to make solar far cheaper if those technologies develop as they appear likely to do so.
Wednesday, January 06, 2016
|#SubscriberNotes have been updated on the website. The Fed is lying and the economy is not out of recession. They will soon rue the day they starting hiking interest rates.|
|By Alex Kirby, Climate News Network|
The UN’s achievement last month in persuading world leaders to agree on measures to tackle climate change leaves two prominent climate scientists far from convinced.
LONDON, 1 January, 2016 – Within days of the conclusion of the Paris Agreement at the UN talks in mid-December, two leading US scientists have cast serious doubt on its ability to avert dangerous levels of climate change.
One, James Hansen, says that to think world leaders are doing something significant about the problem is “baloney”, and urges the use of nuclear power and every other form of energy which does not involve the release of carbon.
The other, Michael Mann, argues that the world is “closer to the dangerous 2°C warming mark than many experts acknowledge”, and that continuing global carbon dioxide emissions from human activities at present rates will commit the Earth to 2°C in less than three years from now.
Both men differ substantially on the right way to act, and key parts of their proposals appear too unpopular or too impractical to work. But they do agree that the situation is so urgent that it demands immediate action.
Mann writes: “We don’t have a third of our total carbon budget left to expend. . .We’ve already expended the vast majority of the budget for remaining under 2°C. And what about 1.5°C stabilisation? We’re already overdrawn.” Hansen believes that “we need all hands on deck”.
Hansen, the former director of NASA’s Goddard Institute of Space Sciences, speaking to the American Geophysical Union, said: “We really have an emergency because of the inertia of the system.”
“A solution is possible, and economic[ally] sensible”, and it’s not being advocated by any nation, said Hansen, who expressed frustration about the outcome of the UN climate conference. The idea that the world is “making good progress” is “baloney.”
His preferred solution is a carbon fee-and-dividend, with all collected fees (taxes) redistributed on an equal per capita basis. Such a system has been backed also by groups such as the Citizens’ Climate Lobby.
Sixty percent of Americans would make money in that system, he says, because it is the rich members of society who emit more than their individual share of carbon dioxide.
Hansen dismisses as “half-assed and half-baked” the idea that a country like India would cap emissions now, nor could the UN force any country to cap its emissions or tax them. So he suggests a carbon duty on imports, which other countries would have to match out of self-interest.
Right to burn
He is also dismissive about carbon capture and sequestration (CCS) technology, so far unproven at a commercial scale, describing it as “pure unadulterated bull. . .India and China won’t do it. It’s too expensive, and who wants the CO2 underneath them?”
China and India “have, of course, every right to raise their people out of poverty the same way we did, by burning fossil fuels.”
Restating his well-known championship of nuclear power, Hansen says using fossil fuels is very dangerous by comparison with nuclear power plants.
Mann is director of the Earth System Science Center at Pennsylvania State University. In a closely-argued article, How close are we to “dangerous” planetary warming?, he says the idea that 2015 was the year in which global average temperatures passed the 1°C milestone, halfway to the danger level, is mistaken.
Half-way point passed
He writes of the many reports that “2015 will be the first year where temperatures climbed to 1°C above the pre-industrial. That might make it seem like we’ve got quite a ways to go until we breach the 2°C limit. But the claim is wrong. We exceeded 1°C warming more than a decade ago.”
The world needs to limit net carbon emissions to about 3,000 Gigatons (three trillion tons) of CO2 to have a chance of staying within 2°C. Yet, Mann writes, “We’ve already burned through about 2,000 Gigatons, i.e. we have expended two thirds of our apparent ‘carbon budget’.”
The more the world delays rapid reductions in fossil fuel burning, he argues, the more it will need to offset additional carbon emissions by sequestering atmospheric carbon, either through massive reforestation projects, or with geo-engineering technology such as direct air capture, which involves literally sucking the CO2 back out of the atmosphere.
Mann says: “We’re already close to 1.2°C net warming for the northern hemisphere relative to a true pre-industrial baseline. . .So what’s the bottom line? Well, we’re actually closer to the dangerous 2°C warming mark than many experts acknowledge. And yet there is still hope for limiting warming to 2°C. . .”
For him and for Hansen, it seems, the Paris Agreement will work only on conditions that millions will find either unacceptable or unachievable. Nuclear power has few supporters, and carbon capture and storage looks unlikely to succeed. – Climate News Network
Tuesday, January 05, 2016
Monday, January 04, 2016
Sunday, January 03, 2016
Wednesday, December 30, 2015
Tuesday, December 29, 2015
Monday, December 28, 2015
Sunday, December 27, 2015
|#SubscriberNotes #WeekendAnalysis reports have been updated on the website. Santa brought a January Effect rally last week.|
Wednesday, December 23, 2015
|A White Christmas is rare in Texas, but climate change may be responsible for the first Blue Christmas this year. The state flower—bluebonnets—normally bloom in spring. But, reports are that the bluebonnets are being fooled by global warming and blooming months early this year.
Somebody should tell Ted Cruz. He's a science denier. If the bluebonnets are blooming early, it shows how big changes are happening to our climate.
|#SubscriberNotes have been updated on the website. Santa Clause Rally boosts stocks, but pummels bonds. Reversal coming?|
Tuesday, December 22, 2015
Monday, December 21, 2015
|By Ron Paul, originally published at Ron Paul Institute|
Stocks rose Wednesday following the Federal Reserve’s announcement of the first interest rate increase since 2006. However, stocks fell just two days later. One reason the positive reaction to the Fed’s announcement did not last long is that the Fed seems to lack confidence in the economy and is unsure what policies it should adopt in the future.
At her Wednesday press conference, Federal Reserve Chair Janet Yellen acknowledged continuing “cyclical weakness” in the job market. She also suggested that future rate increases are likely to be as small, or even smaller, then Wednesday’s. However, she also expressed concerns over increasing inflation, which suggests the Fed may be open to bigger rate increases.
Many investors and those who rely on interest from savings for a substantial part of their income cheered the increase. However, others expressed concern that even this small rate increase will weaken the already fragile job market.
These critics echo the claims of many economists and economic historians who blame past economic crises, including the Great Depression, on ill-timed money tightening by the Fed. While the Federal Reserve is responsible for our boom-bust economy, recessions and depressions are not caused by tight monetary policy. Instead, the real cause of economic crisis is the loose money policies that precede the Fed’s tightening.
When the Fed floods the market with artificially created money, it lowers the interest rates, which are the price of money. As the price of money, interest rates send signals to businesses and investors regarding the wisdom of making certain types of investments. When the rates are artificially lowered by the Fed instead of naturally lowered by the market, businesses and investors receive distorted signals. The result is over-investment in certain sectors of the economy, such as housing.
This creates the temporary illusion of prosperity. However, since the boom is rooted in the Fed’s manipulation of the interest rates, eventually the bubble will burst and the economy will slide into recession. While the Federal Reserve may tighten the money supply before an economic downturn, the tightening is simply a futile attempt to control the inflation resulting from the Fed’s earlier increases in the money supply.
After the bubble inevitably bursts, the Federal Reserve will inevitability try to revive the economy via new money creation, which starts the whole boom-bust cycle all over again. The only way to avoid future crashes is for the Fed to stop creating inflation and bubbles.
Some economists and policy makers claim that the way to stop the Federal Reserve from causing economic chaos is not to end the Fed but to force the Fed to adopt a “rules-based” monetary policy. Adopting rules-based monetary policy may seem like an improvement, but, because it still allows a secretive central bank to manipulate the money supply, it will still result in Fed-created booms and busts.
The only way to restore economic stability and avoid a major economic crisis is to end the Fed, or at least allow Americans to use alterative currencies. Fortunately, more Americans than ever are studying Austrian economics and working to change our monetary system.
Thanks to the efforts of this growing anti-Fed movement, Audit the Fed had twice passed the House of Representatives, and the Senate is scheduled to vote on it on January 12. Auditing the Fed, so the American people can finally learn the full truth about the Fed’s operations, is an important first step in restoring a sound monetary policy. Hopefully, the Senate will take that step and pass Audit the Fed in January.
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