I’ve run into several of you recently and heard the comment that I haven’t written an article in some time. Actually, it’s been almost two months. It’s not for a lack of material. Just been busy. So, I’m back now for a while before an extended vacation over the holidays. I hope you all had a wonderful Thanksgiving yesterday. I…
Harvey, Irma, Maria, two massive earthquakes in Mexico and a small one that hit Los Angeles recently, multiple large fires in the West and drought. OMG!! It really does feel like the sky is falling. Here in Chicago the weather has been wonderful. Dry, sunny, warm. I feel a sense of guilt as I see so many of our fellow citizens…
Some time ago in the not so distant past, someone suggested to me that with climate change a warmer planet would actually be a benefit to mankind. The idea was that there would be a longer growing season and regions in the northern climates would now be more agriculturally productive. While there may be some truth to those two factors…
Those of you who have been following my messages know that I am exceptionally more optimistic about how quickly the auto market will transition from ICEs (internal combustion engines) to electric. I have said for a long time that conventional wisdom is way to conservative. I am not sure what criteria that is being used but I have a different…
In case you have ANY doubts about the planet warming up there are three items which follow that should alleviate any misconceptions that may still remain. First check out this amazing 35 second graphic. It is simply, scary. And then the additional short two articles will provide antidotal examples that are happening right now. This should provide more than…
A couple of weeks ago I wrote about how the National Flood Insurance Program (NFIP) is $25 BILLION in the hole. Since this program is funded by OUR tax dollars, it is we citizen tax payers that pay for these natural disasters. We should all be supportive that this program is in place to help and support those that suffer from weather…
This is another post along the lines of how a changing climate will impact financial and economic interests. The article below points out that financial institutions are waking up to the costs in real dollars and cents that the warming climate will have. Not having read the study I surmise that the only aspect that has been evaluated is strictly focused on…
In several previous posts I have pointed out the financial risk that climate change poses to the world economy. Increasingly the world is waking up to how climate change will affect corporate stability and by extension, capital markets. Insurance companies are on the front line of this issue. And as I pointed out, so is the government flood insurance program…
A few days ago I brought to your attention that flooding caused by storm surge is becoming more frequent and severe due to rising ocean levels caused by climate change. In that message I pointed out that regardless of where you live in the US or, whether YOU have flooding, we are all going to pay for this phenomenon. The following article details…
Following up on my last post about the impact of the enormous iceberg that calved off of Antartica last week, today I am sending you an article about how the impact of melting ice could affect the United States (and the rest of the world as well) in terms of the flooding and its associated costs. This should be a wake…