What Gets Measured Gets Improved

By Keith Weiner – Re-Blogged From Gold Eagle

Let’s start with Frederic Bastiat’s 170-year old parable of the broken window. A shopkeeper has a broken window. The shopkeeper is, of course, upset at the loss of six francs (0.06oz gold, or about $75). Bastiat discusses a then-popular facile argument: the glass guy is making money (to which all we can say is, “plus ça change, plus c’est la même chose”). Bastiat says it is true, and this is the seen. The glazier does make money.

Then he introduces the concept of the unseen. The shoemaker does not earn the 6 francs he would have earned, had the shopkeeper not had to replace his window. The shopkeeper himself has the same window as before, but he is poorer by 6 francs. The unseen are the consumer, and the other producer. The consumer must consume less, and thus is impoverished. The other producer’s business shrinks in proportion to the gain in the glassmaker’s business.

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Al Gore Tells Harvard Students ‘Assault On Science’ Threatens Humanity’s Survival

Michael Bastasch From The Daily Caller – Re-Blogged From WUWT

Former Vice President Al Gore said President Donald Trump’s “assault on science” threatens “the capacity of the human species to endure” on Earth.

Gore issued his warning in a speech to Harvard University students and faculty Wednesday, stressing “reason” and “rational debate,” indeed democracy itself, were under threat from the “ideology of authoritarianism.”

Science “is now being slandered as a conspiracy based on a hoax,” Gore said, likely referring to a 2012 Trump tweet where he called man-made global warming a “Chinese hoax.”

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Inherent Unreliable Renewables Dictate GND “100% Renewable Electricity” Mandate Yields Unavoidable GHG Emissions

By Larry Hamlin – Re-Blrogged From WUWT

The Green New Deal (GND) and California’s SB 100 are both draconian and completely unrealistic pipe dreams that politically mandate “100% renewable electricity” for the U.S. and California respectively.

A new 117 page study from the American Enterprise Institute (AEI) has determined that these politically contrived schemes of “100% renewable energy” are self defeating because of the inherent unreliability of renewables which results in significant GHG emissions occurring from the unavoidable need for backup dispatchable and reliable fossil generation. This backup fossil generation is required to provide grid stability functions including frequency, voltage and synchronization control, daily system load ramping and to prevent power shortages and blackouts.

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Dancing Closer to the Exits

By Rick Mills – Re-Blogged From Ahead of the Heard

When Americans elect or re-elect a president in the fall of 2020, there is a very good chance the closest thing to their hearts – their wallets – will be top of mind.

 

That’s because many are predicting the longest-running economic expansion in US history is about to slam on the brakes. It’s been over a decade since The Great Recession of 2007-09 plunged the world into monetary despair. That downturn was particularly bad because it combined an economic slowdown with problems in the financial system, rudely exposed by the sub-prime mortgage crisis.

 

In this article we are asking, what is the best indicator for predicting the next recession? What does the current data say about a recession?

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When Will Our Quiet Sun Turn Violent?

By Sarah ScolesMay rom Science Mag – Re-Blogged From WUWT

BOULDER, COLORADO—For all of February the sun is nearly spotless, a smooth circle filled in with a goldenrod crayon. It has been more than a decade since it was so lacking in sunspots—dark magnetic knots as big as Earth that are a barometer of the sun’s temperament. Below the surface, however, a radical transition is afoot. In 5 years or so, the sun will be awash in sunspots and more prone to violent bursts of magnetic activity. Then, about 11 years from now, the solar cycle will conclude: Sunspots will fade away and the sun will again grow quiet.

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A violent, active sun, as seen in ultraviolet light in October 2014—near solar maximum in its 11-year solar cycle. As the sun approaches solar minimum, scientists are trying to predict the timing and strength of the next solar maximum.

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Thinning forests, prescribed fire before drought reduced tree loss

Re-Blogged From WUWT

Who’d a thunk it, forest management might be a good idea?~ctm

Treatments may reduce loss in future droughts and bark beetle epidemics

University of California – Davis

Thinning forests and conducting prescribed burns may help preserve trees in future droughts and bark beetle epidemics expected under climate change, suggests a study from the University of California, Davis.

Dead and dying trees dot the landscape in the Sierra Nevada during the region's recent drought. Credit USDA Forest Service

Dead and dying trees dot the landscape in the Sierra Nevada during the region’s recent drought. Credit USDA Forest Service

The study, published in the journal Ecological Applications, found that thinning and prescribed fire treatments reduced the number of trees that died during the bark beetle epidemic and drought that killed more than 129 million trees across the Sierra Nevada between 2012-2016.

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The Golden ‘Moment Of Truth’ Is Upon Us: $1,400-Plus Or Not?

By Michael Ballanger – Re-Blogged From Gold Eagle

With gold enjoying its best week of the year, with the Daily Sentiment Index charging northward, with the Relative Strength Index (RSI) pressing 72 for the GLD, with the RSI for GDX pushing 75, and finally, with the newsletter community all falling on top of themselves with self-laudatory backslaps, I think it is time to adopt the contrarian view and step back.

It was less than five weeks ago, with gold and the miners all coming off sharply oversold conditions (RSI in the mid-high 30s), that I wrote that “carpe diem” in reference to ownership of GLD calls and my two favorite leveraged miners, NUGT and JNUG. Sure enough, JNUG has moved from $6.50 to $9.50 and NUGT from $14.50 to $22.10, while the GLD July $120 calls rocketed from $2.20 to $7.60. (Note: I did not get “top tick” for any of them, but did bank yet another decent 40% return on the miners, and a double and a half on the GLD calls).

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