By John Rubino – Re-Blogged From Dollar Collapse
Everyone seems to agree that if interest rates keep rising a recession and equities bear market will ensue. But no one knows where the breaking point is in terms of, say 10-year Treasury yields. So it’s become a topic of debate with a lot of heavy-hitters offering opinions. Yesterday Goldman Sachs weighed in:
Goldman: Don’t worry about rising interest rates until the 10-year yield hits 4%
By Kendra Pierre-Louis – Re-Blogged From http://www.WattsUpWithThat.com
NYT: ‘The World Wants Air-Conditioning. That Could Warm the World’
More than crickets and fireflies, more than baseball and cookouts, perhaps nothing signals the arrival of summer in the United States like the soft familiar whir of air-conditioning.
But there is growing concern that as other countries adopt America’s love of air-conditioners, the electricity used to power them will overburden electrical grids and increase planet-warming emissions.
By Anthony Watts – Re-Blogged From http://www.WattsUpWithThat.com
The storms intensify more rapidly today due largely to a natural climate phenomenon
By Michael Pento – Re-Blogged From http://www.PentoPort.com
The Keynesian Illuminati that run the world are now scrambling to find solutions to the rampant condition of income inequality that they themselves have created. After a decade of global fiscal and monetary policy madness, which were in effect Robin Hood in reverse, they are now seeking to repair the damage caused to the middle classes by making them become permanent wards of the states, just as they strip away ever more of their freedoms.
A genuine solution to reduce the wealth gap would be to eliminate central banks and replace them with a gold standard of money. This would automatically fetter the monetary base to the increased mine supply of gold, which historically has closely matched the productive capacity of the economy. This leads to stable growth without asset bubbles, which serves to eliminate trenchant differences between the classes. But that type of solution wouldn’t achieve their real objective, which is to increase power. Therefore their answer to the imminent manifestation of the next global financial crisis, of their own making, is to invent another government wealth redistribution scheme of even greater proportions.
By E. Calvin Beisner – Re-Blogged From http://www.WattsUpWithThat.com
For decades the federal Environmental Protection Agency (EPA) has gotten away with creating regulations that lack sound scientific basis, costing Americans hundreds of billions of dollars without solid evidence that those costs were justified.
It’s done this in two ways.
By Ken Haapala, President
Brought to You by www.SEPP.org The Science and Environmental Policy Project
Constant, Not Accelerating: On May 16, SEPP Chairman emeritus S. Fred Singer had an essay in the Wall Street Journal explaining why there is little humanity and governments can do to stop the constant rate of sea level rise. Unfortunately, in the print edition, the sentence “But there is also good data showing sea levels are in fact rising at a constant rate,” was muddled into reading “But there is also good data showing sea levels are in fact rising at an accelerating rate.” [Boldface added]. The error was corrected in the online editions. The central issue of Singer’s essay is” that sea-level rise does not depend on the use of fossil fuels.”
By Valerie von Mulukom – Re-Blogged From World Economic Forum
Imagine the director of a big company announcing an important decision and justifying it with it being based on a gut feeling. This would be met with disbelief – surely important decisions have to be thought over carefully, deliberately and rationally?
