Homogenization of Temperature Data Makes Capetown South Africa Have a Warmer Climate Record

By Philip Lloyd – Re-Blogged From http://www.WattsUpWithThat.com

Playing around with my hometown data, I was horrified when I found what NASA had done to it.  Even producing GISTEMP Ver 2 was counterfactual.

homogenize-definition

The raw data that is fed to NASA in order to develop the global temperature series is subjected to “homogenization” to ensure that it does not suffer from such things as the changes in the method of measuring the mean temperature, or changes in readings because of changes in location. However, while the process is supposed to be supported by metadata – i.e. the homogenizers are supposed to provide the basis for any modification of the raw data.

Continue reading

Letter to President Trump

cropped-bob-shapiro.jpg   By Bob Shapiro

I sent a note to President Trump via http://www.Whitehouse.gov. Let’s see if he takes it to heart.

Dear President Trump,

The Dow Jones Average just passed 20,000 and it sounded like President Trump was taking credit for it. I think that was a mistake.

During the campaign, candidate Trump said, in no uncertain terms, that the stock markets were a great big bubble, and he was very right. The FED has continued to pump up the money supply. Though the FED stopped QE3 in 2014, it has been buying stocks with its printed money ever since.

After two rate increases, in Dec 2015 and in Dec 2016, interest rates still are historically low, causing massive distortions in our Economy. One distortion is that ultra low rates incentivize corporate bigwigs to buy back the company stock, pushing up the stock price and increasing the value of officers’ stock options.

The markets still are in a major stock bubble, even if there is some euphoria over President Trump’s moves so far. Part of what this means is that a major correction is not very far down the road.

I would suggest that Mr Trump “amplify” what he said about Dow 20,000. He should acknowledge that market players correctly are viewing his actions so far as bullish for the markets, but that the markets still are in a bubble. He could say something like, “The Dow easily could fall in half before the effects of my policies actually become apparent. So, the markets are going higher, but first they have to work off the froth caused by the FED’s stupid policies during the Obama years.”

It would be a shame for this Administration to take the (stock market) fall due to mistakes made under POTUS 44.

Silver Stocks’ New Upleg

By Adam Hamilton – Re-Blogged From http://www.Silver-Phoenix500.com

The silver miners’ stocks have surged higher in this young new year, putting the Trumphoria general-stock rally to shame.  Following its fourth-quarter drubbing, this tiny contrarian sector is embarking on a major new upleg as traders return.  Silver-stock uplegs tend to grow to massive proportions, and silver-mining fundamentals remain strong today.  So odds are the silver stocks are going to power far higher in 2017.

Because silver stocks aren’t widely followed, most investors and speculators are unaware of this sector’s stellar upside potential.  Silver mining is a challenging business both geologically and economically, so there aren’t many primary silver miners out there.  And their stocks’ collective market capitalization is small, a rounding error compared to the broader stock markets.  That doesn’t leave much room for funds to buy.

Continue reading

Beginning of the End of EPA

By Jay Lehr – Re-Blogged From http://www.WattsUpWithThat.com

At the Republican National Convention last summer, the GOP approved a platform that stated: “We propose to shift responsibility for environmental regulation from the federal bureaucracy to the states and to transform the EPA [Environmental Protection Agency] into an independent bipartisan commission, similar to the Nuclear Regulatory Commission, with structural safeguards against politicized science.” It also says “We will likewise forbid the EPA to regulate carbon dioxide, something never envisioned when Congress passed the Clean Air Act.”

The GOP followed the lead of President Donald Trump, who in a March debate said he would abolish EPA, and in a May speech in North Dakota condemned “the Environmental Protection Agency’s use of totalitarian tactics” that has “denied millions of Americans access to the energy wealth sitting under our feet. This is your treasure, and you – the American People – are entitled to share in the riches.”

Trump and the GOP are saying, finally, what millions of people have been thinking for a long time: EPA has become the cause of, not the solution to, the nation’s major environmental problems. It’s time to end EPA.

Continue reading

Apocalypse Cancelled

By Willis Eschenbach – Re-Blogged From http://www.WattsUpWithThat.com

Estimates of future atmospheric CO2 values as a result of future emissions, called “scenarios”, fall into two camps—demand driven, and supply driven. A recent paper entitled “The implications of fossil fuel supply constraints on climate change projections: A supply-driven analysis” by J.Wang, et al., paywalled here, has a good description of the difference between demand and supply driven scenarios in their abstract:

ABSTRACT

Climate projections are based on emission scenarios.The emission scenarios used by the IPCC and by mainstream climate scientists are largely derived from the predicted demand for fossil fuels, and in our view take insufficient consideration of the constrained emissions that are likely, due to the depletion of these fuels.This paper, by contrast, takes a supply-side view of CO2 emission, and generates two supply-driven emission scenarios based on a comprehensive investigation of likely long-term pathways of fossil fuel production drawn from peer-reviewed literature published since 2000. The potential rapid increases in the supply of the non-conventional fossil fuels are also investigated. Climate projections calculated in this paper indicate that the future atmospheric CO2 concentration will not exceed 610 ppm in this century;

Continue reading

When Did The Fed Start Buying Equities?

By Gordon Long – Re-Blogged From http://www.Gold-Eagle.com

We see the forensic “finger prints” all over the economic and financial data that the Federal Reserve through a proxy likely Citadel Capital (or the Fed’s CBOE Volume Options Agreement) has highly likely been buying the US equity market since its QE 3 “TAPER” ended in October 2014.  We do know for a fact that the BOJ, SNB, PBOCNorwegian and other central banks have been doing this as matter of normal monetary policy for some time and that 80% of all these central banks said they plan on buying more stocks this year with a significant amount of that buying in US exchange traded equities.   To see the forensic economic evidence more clearly, consider the following US indicators:

Continue reading