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Global Economy Collapses Despite 4th "Warmest" January On Record

Tyler Durden's picture




 

The last 3 weeks have seen the macro fundamentals of the G-10 major economies collapse at the fastest pace in almost 4 years and almost the biggest slump since Lehman. Despite a plethora of data showing that 'weather' is not to blame, US strategists, 'economists', and asset-gatherers are sticking to the meme that this is all because of the cold on the east coast of the US (and that means wondrous pent-up demand to come). However, as the New York Times reports, for the earth, it was the 4th warmest January on record.

 

G-10 macro data is collapsing...

 

Must be the weather in the US, right?

For people throughout the Eastern United States who spent January slipping, sliding and shivering, here is a counter-intuitive fact: For the earth as a whole, it was the fourth-warmest January on record.

As NY Times reports,

But this might be another surprise: Despite all the weather drama, it was not a January for the record books.

 

By the time analysts averaged the heat in the West and the cold in the East, the national temperature for the month fell only one-tenth of a degree below the 20th-century average for January. January 2011 was colder.

 

No state set a monthly record for January cold. Alabama, also walloped by the ice storms, came closest, with the fourth-coldest January on its record books.

 

 

The United States covers only 2 percent of the surface of the globe, so what happens in this country does not have much influence on overall global temperatures.

 

Brazil, much of southern Africa, most of Europe, large parts of China and most of Australia were unseasonably warm in January, the National Oceanic and Atmospheric Administration reported Thursday. That continues a pattern of unusual global warming that is believed to be a consequence of human-caused emissions of greenhouse gases.

 

Even in the United States, more than a third of the country is in drought of varying intensity. Mountain snowpack in many parts of the West is only half of normal, portending a parched summer and a likelihood of severe wildfires.

 

...

 

But the cold weather in the East is being balanced, in a sense, by the bizarrely warm temperatures in the West. And that trend, too, is likely to continue.

 

The outlook over the next month is for continued above-normal temperatures in the West, the Southwest and parts of Alaska, as well as a continuation of the California drought, despite recent rains that have eased the situation slightly.

Can we finally put to bed the "weather" meme and perhaps, just perhaps, recognize that the global economy is slowing as the animal spirits exuberance of global central bank liquidity pump-priming has simply run its course and faces the reality of a debt-saturated, growth-stifled reality.

As the following publicly available paper notes, the years of 2.0% 'trend' growth for the US are over...

The United States achieved a 2.0 percent average annual growth rate of real GDP per capita between 1891 and 2007. This paper predicts that growth in the 25 to 40 years after 2007 will be much slower, particularly for the great majority of the population. Future growth will be 1.3 percent per annum for labor productivity in the total economy, 0.9 percent for output per capita, 0.4 percent for real income per capita of the bottom 99 percent of the income distribution, and 0.2 percent for the real disposable income of that group.

 

 

The primary cause of this growth slowdown is a set of four headwinds, all of them widely recognized and uncontroversial. Demographic shifts will reduce hours worked per capita, due not just to the retirement of the baby boom generation but also as a result of an exit from the labor force both of youth and prime-age adults. Educational attainment, a central driver of growth over the past century, stagnates at a plateau as the U.S. sinks lower in the world league tables of high school and college completion rates. Inequality continues to increase, resulting in real income growth for the bottom 99 percent of the income distribution that is fully half a point per year below the average growth of all incomes. A projected long-term increase in the ratio of debt to GDP at all levels of government will inevitably lead to more rapid growth in tax revenues and/or slower growth in transfer payments at some point within the next several decades.

 

There is no need to forecast any slowdown in the pace of future innovation for this gloomy forecast to come true, because that slowdown already occurred four decades ago. In the eight decades before 1972 labor productivity grew at an average rate 0.8 percent per year faster than in the four decades since 1972. While no forecast of a future slowdown of innovation is needed, skepticism is offered here, particularly about the techno-optimists who currently believe that we are at a point of inflection leading to faster technological change. The paper offers several historical examples showing that the future of technology can be forecast 50 or even 100 years in advance and assesses widely discussed innovations anticipated to occur over the next few decades, including medical research, small robots, 3-D printing, big data, driverless vehicles, and oil-gas fracking.

 

NBER by zerohedge

 

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Sun, 02/23/2014 - 21:20 | 4469301 Tortfeasor
Tortfeasor's picture

Someone let Al Gore do the measuring again?

Sun, 02/23/2014 - 21:52 | 4469392 Flakmeister
Flakmeister's picture

If only you could blame Al and be done with it....

And look out if an El Nino hits....

Sun, 02/23/2014 - 22:38 | 4469530 dogbreath
dogbreath's picture

You are some kind of troll shill. Don't you get tired of sucking David Suzuki's dick.  

 

http://www.principia-scientific.org/michael-mann-faces-bankruptcy-as-his-courtroom-climate-capers-collapse.html

Sun, 02/23/2014 - 22:39 | 4469556 Flakmeister
Flakmeister's picture

Trolling pretty hard, aren't we?

Sun, 02/23/2014 - 23:02 | 4469625 dogbreath
dogbreath's picture

Derp

Sun, 02/23/2014 - 23:47 | 4469718 Flakmeister
Flakmeister's picture

Derp Derp....

Mon, 02/24/2014 - 00:35 | 4469789 dogbreath
dogbreath's picture

OK   derp derp derp

Mon, 02/24/2014 - 09:37 | 4470389 svayambhu108
svayambhu108's picture

Comic Sans Serif in an academic paper, inspired choice.

Mon, 02/24/2014 - 04:56 | 4470085 Offthebeach
Offthebeach's picture

How stupid did Al Gore have to be to flunk out out of a southron deploma mill bible college during the Vietnam War?
Yep. Thats a good source for ticklish science.
But, Praise Jesus, Reverend Al (Gore, not Sharpton) has been blessed. Gulfstream jet, 110 yacht, multiple manshions and a flatuant footprint bigger than a fresh Godzilla dump on a Tokyo mudflat.

Mon, 02/24/2014 - 08:10 | 4470222 Truthseeker2
Truthseeker2's picture
Global Climate Change: Causing Worldwide Weather Apocalypse

*

http://cosmicconvergence.org/?p=4298

Sun, 02/23/2014 - 22:45 | 4469573 TheAnswerIs42
TheAnswerIs42's picture

That article is absolute BS.

 

Sun, 02/23/2014 - 23:01 | 4469623 dogbreath
dogbreath's picture

your proofs are missing just like the data that Dr's Mann ande Weaver refuse to produce.  

Sun, 02/23/2014 - 23:51 | 4469722 NoDebt
NoDebt's picture

Dogbreath- you have demonstrated here tonight, amply, how to completely and utterly lose an argument despite having good facts on your side.  That article was fairly compelling.  Your infantile name-calling comments around it..... do you think they helped or hurt your argument?

Don't answer.  It doesn't really matter what you say from here forward.

Mon, 02/24/2014 - 00:51 | 4469780 dogbreath
dogbreath's picture

I am tired of Flak being the Fonestar of Oil and AGW threads.  I stand by what i said, he's a paid troll

Mon, 02/24/2014 - 00:58 | 4469843 Flakmeister
Flakmeister's picture

Whats the matter, you don't like your circle jerk interrupted by facts?

If you want an echo chamber where you can vent your spleen, parade your ignorance and satisfy your confirmation bias with pseudo-science and academic fraud, hang out at WUWT. The denialati will love you there, but Anthony will frown on your lame cocksucker insults...

Best of all you won't have to worry about any climate trolls, Anthony "moderates" the boards...

----

BTW you couldn't pay me enough to deal with ignorant dickwads like you...

Mon, 02/24/2014 - 01:08 | 4469865 dogbreath
dogbreath's picture

Bukake on your face bitch.     You and your friends have it all,  psuedo science, academic fraud and a refusal to question your own dogma.  

 

15000+  scientists disagree and the propagandists like you  keep spewing shit

If you are not paid well then why are you  the Fonestar of AGW threads here at ZH

Mon, 02/24/2014 - 01:21 | 4469887 Flakmeister
Flakmeister's picture

LMAO, The Oregon Petition?  Between Mann and this you are truly fighting yesterdays war buddy, this is rehashed 4 year old shit...

Wow, 15000+ scientists and none of them can write a peer-reviewable quality paper explaining why its wrong?

Any ideas? 

Buehler? Buehler??

====

Forgot to ask if any of them were climate scientists. Are there any?

Mon, 02/24/2014 - 01:31 | 4469906 dogbreath
dogbreath's picture

You keep showing up   -   when we have lost so many here at ZH   -  spewing the institutional line

 

Om

Mon, 02/24/2014 - 01:42 | 4469926 Flakmeister
Flakmeister's picture

Zzzzz....

Mon, 02/24/2014 - 05:09 | 4470093 Offthebeach
Offthebeach's picture

Envioro mish mash combined various always low quality government pseudo statistics factored to centralish planning......
Crank handle......
Oh My, look at the scary number (break out bag of bones to confirm)

Mon, 02/24/2014 - 08:11 | 4470225 Truthseeker2
Truthseeker2's picture
AWESOME Earth Changes Coming Around The Corner

`

http://cosmicconvergence.org/?p=5559

Mon, 02/24/2014 - 11:33 | 4470828 Flakmeister
Flakmeister's picture

Let us know when you want to return to reality, we'll save a place for you...

Mon, 02/24/2014 - 02:25 | 4469987 Freddie
Freddie's picture

LOL!  Michael Mann getting bitch slapped!   LOL!   AGW is a fraud. 

El Nino and La Nina are real but it has nothing to do with humans.  It has been happening for hundreds of years.

Mon, 02/24/2014 - 03:01 | 4470003 Flakmeister
Flakmeister's picture

You have an odd definition of bitch-slap freddie...

From one of my favorite bunnies...

Now some, not Eli to be sure, but maybe Mark Steyn, may have not noticed that the court has denied their special motion to dismiss under the DC Anti-SLAPP act.  Still pretending that nothing has happened Steyn’s first claim for damages, based on the DC Anti-SLAPP act appears to find something in that law that is not there, e.g. the possibility of an award for damages based on a violation of the anti-SLAPP act. Popcorn please. 

http://rabett.blogspot.com/2014/02/unclear-on-concept.html

====

And yes Freddie, El Nino and La Ninas are real and have nothing to do with humans. Was there a point to that? They are a major source of natural variability and are impossible to predict though GCMs exhibit similar behaviour...

The El Nino watch for 2014 is on, and if it is a strong one, temperature records will be blown away in a lot of places...

http://www.wunderground.com/blog/JeffMasters/comment.html?entrynum=2635

Mon, 02/24/2014 - 08:21 | 4470237 detached.amusement
detached.amusement's picture

I can see you in the mirror now, just like in spaceballs.....COME ONNNNN, SCWARTZ!!!!

 

Save my predictions, el nino!  You're my only hope!

 

You fkn dolt.

Mon, 02/24/2014 - 08:45 | 4470276 Truthseeker2
Truthseeker2's picture
Global Financial Architecture and Economic Systems on Verge of Collapse

-

http://stateofthenation2012.com/?p=2200


Mon, 02/24/2014 - 03:24 | 4470023 MEAN BUSINESS
MEAN BUSINESS's picture

Gee, even the IPCC was only 95 % confident. Congrats Freddie! (ps your new avatar sucks too)

Mon, 02/24/2014 - 08:13 | 4470226 Truthseeker2
Truthseeker2's picture
Geoengineered Weather Patterns Wreaking Havoc Across The Planet

-

http://cosmicconvergence.org/?p=6184

 


Sun, 02/23/2014 - 22:37 | 4469547 TruthInSunshine
TruthInSunshine's picture

The U.S. Is most likely stagnating in terms of GDP growth, at best, and even more likely, it has now been contracting IN REAL TERMS since Q2 2013 and for each and every quarter consecutively since then; IOW, a'true recession given 3 quarters of contraction (with more on the way).

The U.S, EU, Japanese, Chinese & BRIC economies are all in dire straits'that will be difficult , bordering on impossible, to get out of (for a variety of differing reasons).

Wait until the Real Mr. Market finds out that the CBs have been rigging the game this extensively and radically.

I be genuinely believe the global economy is facing the very real possibility of entering a depression, even if the butchers of statistics & charlatans of economics would always and forever dismiss this possibility as "poppycock."

p.s. - Paul "When Mars Attacks" Krugman has not ceased being economic's largest douchebag.

Sun, 02/23/2014 - 23:50 | 4469605 Flakmeister
Flakmeister's picture

Stagnation combined with countries unable to adapt or completely hydrocarbon deficient falling into chaos... We have seen it already: Egypt, Argentina, the list goes on....

The CBer's nowadays are too clever to have an old fashioned depression. But it will seem that way to a lot of people as more and more the world slips into economic oblivion. Food riots will become common.

Ultimately, it is all about the convertability of your fiat into oil. And the USD is still your best bet to hold that privilege the longest...

And this is a process that could take 2 years or 20... 

Call it slow, lingering death.... 

----

I'll be back after I finish freebasing some SOMA....

Sun, 02/23/2014 - 21:22 | 4469306 nmewn
nmewn's picture

Its like a...hot/cold/wet/dry/windy/calm/foggy/clear economic vortex or sumpin.

Sun, 02/23/2014 - 21:30 | 4469329 DoChenRollingBearing
DoChenRollingBearing's picture

Whoa, wait, wait...  Are we back to global warming now?

So hard to keep up...

Sun, 02/23/2014 - 21:33 | 4469332 LetThemEatRand
LetThemEatRand's picture

ZH is all about clicks now.   I swore it off a while back but I can't find shit to replace it so here I am.  There are still a few really good articles here.  And the most informative comments anywhere.

Sun, 02/23/2014 - 21:50 | 4469388 perchprism
perchprism's picture

 

Here's an informative comment:  You're a marxist cocksucking asshole.

Sun, 02/23/2014 - 21:54 | 4469401 LetThemEatRand
LetThemEatRand's picture

Well argued.

Sun, 02/23/2014 - 22:03 | 4469432 nmewn
nmewn's picture

I second that.

Sun, 02/23/2014 - 22:47 | 4469582 BringOnTheAsteroid
BringOnTheAsteroid's picture

Took him a while to build the argument and just when you thought he was going off track and starting to lose the audience - BAM, an absolute water tight case rocks you back in your chair.

Sun, 02/23/2014 - 23:00 | 4469619 AustrianJim
AustrianJim's picture

Ha.

Mon, 02/24/2014 - 05:07 | 4470091 hobopants
hobopants's picture

The best comments in all the land for sure, until someone drops a big fat B-coin dump on the thread and then it goes to hell.

Sun, 02/23/2014 - 21:53 | 4469398 Flakmeister
Flakmeister's picture

Thanks, I appreciate that ;-)

Sun, 02/23/2014 - 21:55 | 4469405 LetThemEatRand
LetThemEatRand's picture

I was actually referring to Harbanger and the lesbian stuff.  Can't get enough.

Sun, 02/23/2014 - 22:04 | 4469437 Flakmeister
Flakmeister's picture

FWIW, hard to top the subtle snark that Spastica brings to the table...

Sun, 02/23/2014 - 22:12 | 4469467 kito
kito's picture

Free Francis Sawyer

Sun, 02/23/2014 - 22:32 | 4469502 Flakmeister
Flakmeister's picture

Francis's own hate did him in, do you not understand that?

Sun, 02/23/2014 - 22:50 | 4469586 nmewn
nmewn's picture

ROTFL!!!

“Plaintiff continues to evade the one action that might definitively establish its [his science’s] respectability - by objecting, in the courts of Virginia, British Columbia and elsewhere, to the release of his research in this field. See Cuccinelli vs Rectors and Visitors of the University of Virginia...”

OMG!...he's being forced to admit his data cannot be used in a court of law, data which is his own evidence, which he destroyed because it was fraudulent when he first manufactured the data.

It-just-doesn't-get-any-better...lol.

Sun, 02/23/2014 - 23:06 | 4469637 dogbreath
dogbreath's picture

Flakmeister the flak meister always shows up on any oil or global warming thresd to make sure the punch bowl is always full .   His archive of AGW propaganda at his fingertips to link as proof that we are all idiots here at ZH.  

Sun, 02/23/2014 - 23:17 | 4469657 Flakmeister
Flakmeister's picture

Like Nature, the PNAS, American Institute of Physics, Science....

Why go to sources like that when you can simply do blog science like you clowns...

Sun, 02/23/2014 - 23:35 | 4469695 dogbreath
dogbreath's picture

fallacy  -   ignoratio elenchi ad vericundiam  

So you met Al Gore once,   so what?

Sun, 02/23/2014 - 23:40 | 4469703 Flakmeister
Flakmeister's picture

Yawn...

Nobody cares troll...

Mon, 02/24/2014 - 00:19 | 4469767 dogbreath
dogbreath's picture

you seem to have had extensive propaganda training.    The difference is you troll the OIL/Global Warming threads.   I'm trolling you!

Mon, 02/24/2014 - 00:39 | 4469797 Flakmeister
Flakmeister's picture

Yep, you are clearly trolling me...

I don't know whether to laugh or cry...

Mon, 02/24/2014 - 00:56 | 4469841 dogbreath
dogbreath's picture

Laugh as a sadist laughs, or cry crocodile tears, I am sure you are capable of both

Mon, 02/24/2014 - 06:54 | 4470163 MEAN BUSINESS
MEAN BUSINESS's picture

I see you picked up on the "dog don't hunt no more" theme. Good boy!

BANG!

Troll no more

Sincerely,

Mean farmer

Mon, 02/24/2014 - 02:34 | 4469994 Freddie
Freddie's picture

I knew a wealthy Al Gore supporter who also donated big to his presidenial run. 

This person is a moderate Dems and would loathe O.  With minimal prodding, I got them to essentially admit that Gore was a douchebag and this was before his AGW scam.

Mon, 02/24/2014 - 11:18 | 4470838 Flakmeister
Flakmeister's picture

The first rule of debating AGW is that if you mention Al Gore it is an admission that you lost...

Mon, 02/24/2014 - 12:02 | 4471053 detached.amusement
detached.amusement's picture

Having Al Gore agree with you is basically an indication that you're wrong

Sun, 02/23/2014 - 23:11 | 4469644 Flakmeister
Flakmeister's picture

Unfortunatley, the principia article is crock of projected shit...

Here is the filing in question

http://www.steynonline.com/documents/6109.pdf

----------------------------------

Maybe you should read this instead about his associate Ball, the other guy named in the libel suit... 

From

http://www.desmogblog.com/blog/brendan-and-richard

Here are the scanned sworn affidavits

Affidavit 1

Affidavit 2

Sun, 02/23/2014 - 23:30 | 4469688 dogbreath
dogbreath's picture

So what?

Sun, 02/23/2014 - 23:41 | 4469706 Flakmeister
Flakmeister's picture

For one thing, the filing demonstrates your principia article is a piece of bullshit...

Keep trolling...

Mon, 02/24/2014 - 00:20 | 4469770 dogbreath
dogbreath's picture

and hows that?

Sun, 02/23/2014 - 23:41 | 4469704 nmewn
nmewn's picture

The article in question is the COUNTER SUIT, in which he will not (and cannot) divulge the data on which he based his conclusions...because he destroyed it...ya know, his "scientific data" results that he shared with the world, his "peers" and .gov that would be oh so happy to engage in a carbon tax.

For the, children, of course.

What you have presented me here (in pdf form) is, Mann's original suit against the defendant, filed in his pique of enraged scientific indignation that someone would question him and his "scientific" methods.

The lesson here is, don't ever open a Pandora's Box Flak, you never know what will fly out and eat you alive.

Sun, 02/23/2014 - 23:46 | 4469710 Flakmeister
Flakmeister's picture

Then you should be well aware that the scientific standing of the AGW conclusion has nothing to do with this sideshow of a lawsuit...

Talk about false equivalency...

Mon, 02/24/2014 - 00:01 | 4469738 nmewn
nmewn's picture

lol...all I'm well aware of, is he falsified and then destroyed his own data!!!

Or he would produce it and put the question to rest. Which, really ain't MY problem now, is it Flak?

Climate hysterics throwing Mann under the Al Gore Team Bus in 3...2...1 ;-)

Mon, 02/24/2014 - 00:40 | 4469790 Flakmeister
Flakmeister's picture

What you don't realize is the Mann's results have been verified by at least 6 indepedent peer reviewed studies...

Game, Set and Match... But keep clinging to your fantasies that somehow if you make Michael Mann's Hockey go away it some how makes a difference...

http://skepticalscience.com//pics/Ahmed_2013_paleo_fig4.jpg

taken from

http://www.nature.com/ngeo/journal/v6/n5/abs/ngeo1797.html

------

Oh, and for shits and giggles, here are the 10 warmest Januarys

2007 +0.93 C

2002 +0.72 C

2003 +0.72 C

2014 +0.70 C

2005 +0.69 C

2010 +0.66 C

2013 +0.63 C

1998 +0.60 C

2009 +0.57 C

2004 +0.56 C

Notice anything odd, or perhaps a pattern?

Mon, 02/24/2014 - 00:59 | 4469846 dogbreath
dogbreath's picture

Peer revued   -    I call BULLSHIT

Mon, 02/24/2014 - 01:49 | 4469938 X_mloclaM
X_mloclaM's picture

son, you look like you could use a weapon: http://bit.ly/1inq4Qz

Mon, 02/24/2014 - 02:26 | 4469971 Flakmeister
Flakmeister's picture

Yeah, its pretty obvious he needs help...

But this?

LMAO, Steve Fuckin' Goddard...

Has he written up this latest bombshell yet? Call me when figures out how to submit a real paper and it is available on the preprint server....

Has Anthony made it front line news yet?

\facepalm

Mon, 02/24/2014 - 02:14 | 4469977 dogbreath
dogbreath's picture

you've been here 8 weeks     shut up this is fight club

Mon, 02/24/2014 - 01:55 | 4469949 Flakmeister
Flakmeister's picture

Go ahead and prove it...

The ball is in your court...

Everybody is waiting...   Not really but you get the idea...

Mon, 02/24/2014 - 02:12 | 4469976 dogbreath
dogbreath's picture

You are the perma CUNT on this thread and actually you should prove it!

Mon, 02/24/2014 - 02:41 | 4469992 Flakmeister
Flakmeister's picture

You should give JohnnyCockNBalls a call, you both seem to be fascinated by the word cunt...

Not surprising really...

Mon, 02/24/2014 - 02:45 | 4470000 dogbreath
dogbreath's picture

you have no proof do you Bitch           

Mon, 02/24/2014 - 08:27 | 4470243 detached.amusement
detached.amusement's picture

ya know, cuz he's that sohpisticated he battles with paywalled tripe

 

hey flake, raw or black boxed?  yeah, that's what I thought.

Mon, 02/24/2014 - 05:17 | 4470099 Offthebeach
Offthebeach's picture

What was it about first day. Chemistry 101 and not keeping all pages of a numbered, lab notebook?

Must be different evidence/lab work in the druid climate science racket.

Discovery.

Sun, 02/23/2014 - 21:59 | 4469420 BandGap
BandGap's picture

Where did you put Biderman?

Mon, 02/24/2014 - 01:51 | 4469940 X_mloclaM
X_mloclaM's picture

Where did you put Biderman?

Sun, 02/23/2014 - 22:01 | 4469425 aVileRat
aVileRat's picture

Yes, agree. Found the bitcoin coverage in retrospect to be good for showing (and the comments) to be a great study in euphoria bubbles. At the time, enduring 19 parachute accounts pumping the crypto-currency in every thread was a bit much.

The core of ZH is investigative financial journalism. In this, the original HFG breaking, literacy educating, economics digesting Tyler excels at.

Would kill the "top 15" lists. Use that bandwidth to reinvest in sector specific stories. Educating people on why Strip ratios and replacement ratios or teaching retail gold bugs on the joys of standing gold should be encouraged.

Political stories are interesting side-filler to the over-arching theme of ZH that the current fiscal structure is not tenable without structural reforms. So in a way, TD entering into poli-reposting is a good step forward so long as TD's are capable of identifying planted stories from press packets. That's a learning process, even the first Baghot flubbed a story or two (like their stance on the Boer War).

Comments will make, or break the publication in much the same way BI & dealbreaker rose and fell amid their core audience. Against those peers I would think ZH and the TD's have definitly done better than expected.

Anyways, onwards to HK open. 

 

 

 

 

 

Mon, 02/24/2014 - 01:53 | 4469944 X_mloclaM
X_mloclaM's picture

politics very involved in mkt outcomes, so a necessary focus

think FAS

Sun, 02/23/2014 - 21:46 | 4469354 chump666
chump666's picture

Read the friggin' article. It's about how the idiots in the finance/media sector use the "weather is freezing" as an excuse that productivity has collapsed.

All eyes should be on Asia.

As we all know we are seconds away fron a global reset, whether it is hot or cold out there.

Sun, 02/23/2014 - 21:51 | 4469393 DoChenRollingBearing
DoChenRollingBearing's picture

Global reset and idiots in finance, roger that.  But, but where I live has been warmer this winter.  Yet, the East Coast has been cold.  (And look at Siberia!)

Maybe Tyler(s) should just go to the Master himself: ManBearPigGore..., and ask him.

 

Sun, 02/23/2014 - 22:41 | 4469559 chump666
chump666's picture

Everything is out of whack, like i said a few times on here (ZH) nature couldn't f*ck about humanity, what ever impact that we are doing to climate only impacts us.  The Earth just carries on, as far as finance, oh no, purely human and purely corruptible and destructive.  As of right now.  A reset doesn't necessarily mean a good thing, the system breaking up and the lunatics in power will quickly push for war to smokescreen the collapse.  And since most countries are nuclear armed, yes even Japan, we could be heading to the endgame for the human genome.  Quite frightening.

Check this out we have nut-cases printing money and nut-cases manning nuke missile silos (Google: Obama the a-hole sacking missile nuke command)

Sun, 02/23/2014 - 22:55 | 4469606 DoChenRollingBearing
DoChenRollingBearing's picture

Your replies kicked off a thought: maybe we are looking at the wrong places re setting up for a war.  I do not see anyone in the West who will fight for the Ukraine.  And now in the Middle East, we see Israel is pulling another "WTF?!": ref nearby ZH article).

East Asia looks like it may be the most dangerous of the tinderboxes.

Nut-cases running our financial system and manning our nukes is indeed very scary.  If we get a severe collapse, then yeah, maybe all bets are off for sanity, and we might get the insane response instead: war.

Sun, 02/23/2014 - 23:29 | 4469687 chump666
chump666's picture

That's the one thing I fear more than anything, not global warming, weather...but war.    And yes it won't be the middle east, or Europe (Putin knows that Ukraine will just slowly realign back under Russia's fold) it will be Asia namely China and Japan.  That's what worries me.

Sun, 02/23/2014 - 22:04 | 4469439 BandGap
BandGap's picture

Hang Seng just nose dived.

Going to be an interesting week with the Olympics over.

Mon, 02/24/2014 - 02:28 | 4469988 Law97
Law97's picture

Yawn.  US futures now up to flat headed positive. 

 

You would think this week would be interesting ... in a pre-2008 world ...

Sun, 02/23/2014 - 22:13 | 4469471 Oldwood
Oldwood's picture

At least they are not trying to blame a video. I guess they do learn a few things along the way.

Sun, 02/23/2014 - 22:30 | 4469505 Dr. Everett V. Scott
Dr. Everett V. Scott's picture

.

 

Look at this chart:

 

http://tiny.cc/qmkrbx

 

It shows the rise in CO2 ["carbon" to scientific illiterates], along with global temperatures over the past decade and a half.

 

Notice that even though CO2 has been steadily rising, global temperatures have been flat to declining over the past 17 years. That is a LONG time to wait for the endlessly predicted 'runaway global warming and climate catastrophe'.

 

Chicken Little Algore's climate scare is based on CO2 levels rising from about 3 parts per 10,000, to only 4 parts per 10,000.  Over a century and a half! [Can you say, 'Recovery from the Little Ice Age', which happened during the 1600's – 1700's?]

 

So much for the bogus "carbon" scare.  It was always a money scam anyway.

 

.

Sun, 02/23/2014 - 22:31 | 4469520 BandGap
BandGap's picture

Carbon dioxide levels are a LAGGING indicator.

They are still tearing Mann a new asshole with his "legal" cases. What a fucking farce.

 

Mon, 02/24/2014 - 08:28 | 4470246 detached.amusement
detached.amusement's picture

whats that again about conflating correlation and causation...

Mon, 02/24/2014 - 11:21 | 4470853 Flakmeister
Flakmeister's picture

Could it be that C02 is a demonstrable  absorber of long wave infrared radiation makes your point rather silly and irrelevant?

Mon, 02/24/2014 - 11:52 | 4471002 detached.amusement
detached.amusement's picture

ignore that logarithmic scale

Mon, 02/24/2014 - 15:29 | 4471917 trader1
trader1's picture

how detachedly amusing ;-)

Mon, 02/24/2014 - 00:47 | 4469817 Flakmeister
Flakmeister's picture

What is your point? Any idiot can make a plot of two variables with dissimilar scales.... 

Why don't you try to publish your finding. Move quickly before someone scoops your Nobel Prize for disproving AGW:

Contact Drs, Christy and Spencer at UAH, they can help you get it published...

http://www.uah.edu/science/departments/atmospheric-science/ats-faculty-s...

Remember, these guys are on your side!

Sun, 02/23/2014 - 21:22 | 4469308 LetThemEatRand
LetThemEatRand's picture

But Goldman Sachs husband neo-con Ted Cruz is on Drudge saying the earth has cooled.

Sun, 02/23/2014 - 21:24 | 4469316 nmewn
nmewn's picture

Clearly another flat earther, based on the scientific consensus of the time ;-)

Sun, 02/23/2014 - 21:27 | 4469321 LetThemEatRand
LetThemEatRand's picture

Ted Cruz is brilliant.  He's convinced millions that he's a libertarian while he is literally in bed with GS.  Hats off to the guy for reading the political landscape so well.

Sun, 02/23/2014 - 21:28 | 4469326 nmewn
nmewn's picture

The blue slip under your dress is showing.

Sun, 02/23/2014 - 21:30 | 4469327 LetThemEatRand
LetThemEatRand's picture

No, your red panties are showing.  Cruz is a fraud.  Do a little research.  Remember, I voted for Ron Paul.  I don't care if you believe me.  I did.  Rand Paul is a fraud, and so is Cruz.   But they sure have your number, don't they.

Sun, 02/23/2014 - 21:37 | 4469347 nmewn
nmewn's picture

This is the second time you've attempted to divert a thread tonight to something of your choosing.

"I voted for Ron Paul.  I don't care if you believe me.  I did."

No, I don't believe you. Ron Paul isn't a socialist.

Sun, 02/23/2014 - 21:41 | 4469355 LetThemEatRand
LetThemEatRand's picture

Ron Paul and Dennis Kucinich got together to audit the Fed.  You would sooner put your penis in a garbage dispoal than vote for him. I would prefer Dennis to Ron, but I voted for RP because he has way more in common with my belief system than any other mainstream politician who stood a chance to get more than 10 votes.  Think about why I would vote for RP but you would never vote for DK, and then ask yourself why we find ourselves in the Team paradigm.

Sun, 02/23/2014 - 21:41 | 4469360 nmewn
nmewn's picture

So your saying RP see's UFO's too or what?

Sun, 02/23/2014 - 21:43 | 4469364 LetThemEatRand
LetThemEatRand's picture

DK may be crazy, but I'd take him over ZERO, McCain, Romney, Clinton (of any flavor), Bush (of any flavor), and so forth all day long. You, however, would refuse to vote for him because of the red panties.

Sun, 02/23/2014 - 21:45 | 4469373 nmewn
nmewn's picture

No, I'd refuse to vote for him because he see's UFO's.

Sun, 02/23/2014 - 21:52 | 4469378 LetThemEatRand
LetThemEatRand's picture

Now I don't believe you.   Take UFOs out of the equation (and forget that he may have seen a military plane or maybe he was high).  Would you vote for him against say Romney?  Romney does not want to audit the Fed.

Sun, 02/23/2014 - 21:54 | 4469399 nmewn
nmewn's picture

Its that easy for you huh? He said he saw a UFO (or a unicorn) and I'm supposed to drop that out of any equation on who is to represent me and spend my tax dollars wisely?

Well, I guess thats where the disconnect is.

Sun, 02/23/2014 - 21:56 | 4469410 LetThemEatRand
LetThemEatRand's picture

You're avoiding the issue, nmewn.  

Sun, 02/23/2014 - 22:00 | 4469421 nmewn
nmewn's picture

No, actually I'm not, you are.

The first paragraph of this post is:

The last 3 weeks have seen the macro fundamentals of the G-10 major economies collapse at the fastest pace in almost 4 years and almost the biggest slump since Lehman. Despite a plethora of data showing that 'weather' is not to blame, US strategists, 'economists', and asset-gatherers are sticking to the meme that this is all because of the cold on the east coast of the US (and that means wondrous pent-up demand to come). However, as the New York Times reports, for the earth, it was the 4th warmest January on record.

And I've re-read it and don't see Dennis or Cruz anywhere in it.

Sun, 02/23/2014 - 22:06 | 4469445 BandGap
BandGap's picture

You guys are arguing POLITICS. Dead subject.

Sun, 02/23/2014 - 22:10 | 4469459 nmewn
nmewn's picture

My first comment was:

"Its like a...hot/cold/wet/dry/windy/calm/foggy/clear economic vortex or sumpin."

LemmeEatYours delved off into politics and Cruz.

Just to set the record straight.

Sun, 02/23/2014 - 22:54 | 4469601 Baldrick
Baldrick's picture

i had to up your green counter for the "LemmeEatYours." thanks for the laugh!

Sun, 02/23/2014 - 23:52 | 4469724 nmewn
nmewn's picture

lol...no prob.

And like a lot of things with LemmeEatYours, the "flat earther consensus" comment went right over his head too.

Its like a science or sumpin ;-)

Sun, 02/23/2014 - 22:07 | 4469448 Flakmeister
Flakmeister's picture

The game is coming to an end and no ism is going the change jackshit...

BTW, Cruz is narcissistic blowhard, in spades, with a cherry on top...

Sun, 02/23/2014 - 22:11 | 4469466 nmewn
nmewn's picture

And what is that end Flak?

Mon, 02/24/2014 - 00:19 | 4469753 Flakmeister
Flakmeister's picture

BFD if the G-N says whatever, it doesn't matter any more, it is only spin at best since the game of "we can grow are way out of this" is over....

Mon, 02/24/2014 - 00:22 | 4469773 nmewn
nmewn's picture

No, it really doesn't matter anymore.

I'm more than willing to burn it to the fucking ground and I'll even buy the matches out of my own pocket. It's not what I signed up for but I'll see it to its cold, calculated, ashen end in order to reveal the lie within to all.

Should we hold hands and jump now? ;-)

Mon, 02/24/2014 - 04:47 | 4470076 MEAN BUSINESS
MEAN BUSINESS's picture

Flak won't say it so I will. Canfield Oceans.

"The ascendancy of the evangelical right has long mouthed consternation that society is decaying, and claimed vindication when they should be claiming responsibility. Their inversion of right and wrong, their overt sponsorship of capitalist society, in fact their insistence of capitalism as the only Christian means of life moves them well beyond the moniker of fascism firmly into the category of evil incarnate."

 nmewn, you were just recently mouthing consternation that society is decaying in that lengthy spew about candybars and the biotech chick? And you will buy the matches?!? And here you are, claiming vindication:

"but I'll see it to its cold, calculated, ashen end in order to reveal the lie within to all."

Do us all a favour, would ya? 


Mon, 02/24/2014 - 08:43 | 4470268 nmewn
nmewn's picture

Surely you're not suggesting that .gov creating the Federal Reserve here (and government central banks worldwide) in order to provide funding for war & welfare (as oligarchs skim off the top for both) is a "Christian value" or true capitalism? My capitalist manual says, capitalism starts with the savings of capital.

This is your inversion (an amatuerish transference really) of right & wrong and personal responsibilities, which lay at a socialists foot, not mine. Fascists are socialists my friend.

Now, if you would be so kind, give me your definition of charity. Does it begin at the point of the taxmans gun or does it flow freely and voluntarily from your own heart?

I'll check back.

Mon, 02/24/2014 - 23:18 | 4473785 MEAN BUSINESS
MEAN BUSINESS's picture

It was a coincindence, nmewn, that I went looking for a link for you from a site that tags 'Canfield Oceans' often and found the above quote. While it's true that I was in a crusty mood, somehow the quote just seemed to fit you. I appreciate your many contributions but you appear to be interested in pumping your political ideologies such as your "capitalist manual" (read Bible) with it's purity and all high perfectness. You can claim innocence for not starting the political nature of the discussion but because politics are as involved as the science, you come in search of the opportunity to pump your ideaology.

Philisophical discussions are fine but the question of global warming has very rapidly become "are all our lives at stake?" I think that the answer we will get in Paris in 2015 at the UNFCCC COP/CMP is going to be a clear yes and it isn't going to be Chavez saying it, it's going to be Russia and China. You best be prepared. 

Of course nobody is 100% sure what will happen but I've been thinking about this for 25 years , fifteen years before the wider world ever heard of Al Gore. They were suggesting cap and trade AND a carbon tax!! And believe me, I got the Libertarian punch in the face and I was in political diapers. I didn't ask for this bullshit either but while there is still a chance we are still 'on' the verge of mass extinction, I'm not at all interested in philosophical rants that distract from the vital information.

Adapting our ways to survive this means transforming this world. Charity will be just another word from an old forgotten language.

Go ahead, call me an amatuer, as you also have a penchant for speaking down to someone who hasn't been a ZH user as long as you have, and call me a marxist or socialist or fascist or commie or whatever. But I come here to feather out free speech that has greater meaning than what some guy bought with an EBT card. Do you know what a Canfield Ocean is?

The Greater Meaning Of Free Speech  

"With that trauma (Rousseau/1793), the romantic stance became one of despair and defiance, and it has remained so ever since." then, 

"No wonder static, self-obsessed romanticism acts so threatened by science. It is. A romantic loves the tree, not it's genome. A scientist loves both." then

"Countless conservatives refused to take climate change seriously because they couldn't abide the idea of Al Gore being right." -Stewart Brand

 

p.s. I replied to your comment about the biotech student you were talking about very recently and checked back for a couple of days to see if you replied. It is a serious shortcoming of ZH that we aren't instantly notified if someone replies to our comments : ( any tips from an old pro? 

Sun, 02/23/2014 - 21:47 | 4469377 the not so migh...
the not so mighty maximiza's picture

you know the repubs will choose another pro bailout pansy and will be scratching their heads again wondering why they lost...again 

Sun, 02/23/2014 - 21:49 | 4469379 FredFlintstone
FredFlintstone's picture

James Traficant, what is your take on him?

Sun, 02/23/2014 - 21:49 | 4469383 LetThemEatRand
LetThemEatRand's picture

I bought his hair on ebay, and I'm hoping to make a profit so I am not objective.

Sun, 02/23/2014 - 21:56 | 4469407 nmewn
nmewn's picture

Whats Frank Lautenbergs shin bone going for?

Sun, 02/23/2014 - 21:57 | 4469414 FredFlintstone
FredFlintstone's picture

I will be sure to make a bid on it.

Sun, 02/23/2014 - 21:59 | 4469418 LetThemEatRand
LetThemEatRand's picture

I learned something tonight. Thanks for the question. http://www.dailypaul.com/67591/who-remembers-congressman-jim-traficant

I'll admit I just thought he was a loon.  Now how much for the hair?

 

Sun, 02/23/2014 - 22:12 | 4469468 BandGap
BandGap's picture

He was into some interesting stuff.

http://twa800.com/pages/traficant.htm

Mon, 02/24/2014 - 00:07 | 4469750 Savyindallas
Savyindallas's picture

Trafficant is a Patriot and an honest man

Sun, 02/23/2014 - 21:39 | 4469356 john39
john39's picture

His Goldman Sachs executive wife is just one red flag. The fact that he appears to be a sociopath is another issue.

Mon, 02/24/2014 - 00:05 | 4469747 Savyindallas
Savyindallas's picture

Harvard eductaed and Neocon Israeli asskisser are too other red flags. 

Sun, 02/23/2014 - 21:58 | 4469417 Dick Buttkiss
Dick Buttkiss's picture

You need to go cold turkey on this voting propensity of yours, LTER. It makes you morally liable for perpetuating an inherently broken system, after all, and won't look good on your resume as a responsible human being.

The same for everyone else.

Just. Don't. Do it.

Unless, of course, it's the one vote upon which all others derive their power:

http://archive.lewrockwell.com/gordon/gordon108.html

No, our Soviet counterparts didn't need it (even though their constitution, unlike ours, provided for it), but I expect that as the situation here worsens, one or another state will initiate the process (Texas, Alaska? Vermont?), and off we will go:

http://www.zerohedge.com/article/guest-post-transition-free-society

Sun, 02/23/2014 - 22:44 | 4469572 new game
new game's picture

it will be the "natural" result of where the current broken system is headed. hopefully it doesn't become a euro based menetary system, which is also inevitable, unless, say, texas, and the wisdom of our forefathers is brought to bear. until the root problem of money without representation is dealt with it will be a repeat affair...

or i have it wrong and the dependancy on dc is too much to bear...

Mon, 02/24/2014 - 00:04 | 4469745 Savyindallas
Savyindallas's picture

Cruz may be a fraud, but not rand. 

Sun, 02/23/2014 - 21:27 | 4469324 Winston Churchill
Winston Churchill's picture

As reliable as Flak for information.

Oh well.

Sun, 02/23/2014 - 21:56 | 4469406 Flakmeister
Flakmeister's picture

Given your clearly paranoid induced conspiracy ideation, if is obvious you can't handle the truth...

Sun, 02/23/2014 - 23:12 | 4469648 TheAnswerIs42
TheAnswerIs42's picture

The article suggests that the lawsuit has been dismissed. It has not.

    See: http://rankexploits.com/musings/2014/comments-on-mann-continued/#comment...

However, the game is till afoot and Mann may face further legal issues...

   See:  http://wattsupwiththat.com/2014/02/21/steyn-countersues-mann-for-10-mill...

 

Sun, 02/23/2014 - 23:32 | 4469692 dogbreath
dogbreath's picture

Mann and Weaver refuse to produce their data for the court and have thereby abandoned the lawsuits (vexatious) they initiated

Sun, 02/23/2014 - 23:59 | 4469729 TheAnswerIs42
TheAnswerIs42's picture

That may be true, however the case is still active.

I agree, Mann and Weaver have backed themselves into a severe legal corner.

It will be interesting to see how they get out.

If they ever do release their data and it is found "wanting" (as is likely), the implications will legally affect everything the IPCC has promoted to date.

Although, in the the latest report, they are starting to distance themselves.

But who pays attention to that?

 

Mon, 02/24/2014 - 00:25 | 4469777 dogbreath
dogbreath's picture

If I read it right Mann and Weaver sued for Libel and refused then to prosecute their action by failing to produce the evidence supporting their Libel claims.    These guys are Phd's    Morons and tools maybe.

Mon, 02/24/2014 - 00:52 | 4469820 TheAnswerIs42
TheAnswerIs42's picture

A lot of it is Ego based. As Phil Jones (Director Climate Research Unit, East Anglia) said on a request for publicly funded data:

"We have 25 or so years invested in the work. Why should I make the data available to you, when your aim is to try and find something wrong with it."

These are the words of a "scientist", completely bastardizing the scientific method. Mann is just following in his footsteps. It's a group think thing.

I have very little respect for these people or any of the stuff that they publish.

 

Mon, 02/24/2014 - 01:15 | 4469871 dogbreath
dogbreath's picture

I've never been good at group think,  the world suffers from group think

edit;   the world suffers for group think

Mon, 02/24/2014 - 08:31 | 4470252 detached.amusement
detached.amusement's picture

seems to be a trend with them phd types.  "smart" but completely fucking idiotic and no common sense.  one of my uncles was like that...absolutely fucking brilliant, but talking to him you'd think he was retarded or something.

Mon, 02/24/2014 - 00:01 | 4469740 Savyindallas
Savyindallas's picture

Cruz is a fraud-another Goldman sachs, israeli asskissing plant put in to fool the masses  -like clinton and Obama  -Ivy league educated. crooked corrupt and totally owned and ontrolled by their masters.   They can't take a dump without getting permission. if they ever went off script they would be punished and impeached if they did not behave. If they ever really got off script  -like to trying to serve the American people  contrary to the interests of their masters-they would be dead-like JFK and RFK. If they were willing to sacrifice their lives  -wouldn't matter  -they would kill their families. The Bush's were part of the criminally degenerate elites -the Democrats seem to recruit slick talking sexual perverts who are damed good at reading the script put in front of them. The global mafia owns this counrty  -and dmaned near all of our politicians  -at least those who have any influence. That's not a conspiracy  -it's the sad truth . 

Sun, 02/23/2014 - 21:26 | 4469322 Sleepless Knight
Sleepless Knight's picture

up is down, left is right, warm is cold, fucked up is normal......from here to the back side of the fan.

Sun, 02/23/2014 - 21:43 | 4469363 CrashisOptimistic
CrashisOptimistic's picture

So the global economy is down, and therefore so would be oil consumption.

Yet the price is up about $10.

What does that say about abundance?

Sun, 02/23/2014 - 22:10 | 4469458 atomp
atomp's picture

Abundance of $'s?

Sun, 02/23/2014 - 22:19 | 4469485 Oldwood
Oldwood's picture

Shitloads of liquidity cash looking for a home for speculation? An alternative to stocks and gold?

Sun, 02/23/2014 - 21:34 | 4469331 Skiprrrdog
Skiprrrdog's picture

Meh....screw it... lets just go play golf...

Sun, 02/23/2014 - 21:31 | 4469333 Rentier88
Rentier88's picture

Al Gore couldn't measure his own crank.

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