Authored by Martin Armstrong via ArmstrongEconomics.com, Climate has ALWAYS changed from decade to decade.
There were major swings (volatility) during the 1930s. You had the
dust bowl during the summer and in 1936 you had record cold. The 1936
North American cold wave, which also hit Japan and China, still rank
among the most intense cold waves in the recorded history of North
America. You cannot blame this on soccer moms driving the kids around town burning fossil fuels. Cars were a luxury in the 1930s still. 数十年スケールでみると気候というのは常に変化している。 1930年代にも大きな変化があった。映画「怒りの葡萄」にもでた夏の砂嵐だ、そして1936年は記録的寒さだった。1936年には北アメリカに寒波が襲来した、これは日本や中国でも観測された(訳注:2.26事件は大寒波の中で決行されました)、北アメリカでは史上最悪の寒波だった。サッカー少年の母親たちが化石燃料を焚いて子供を車で送り迎えしたことを責めることはできない。1930年代には車は高価なものだった。
There is just no evidence of human-induced climate change. There is nobody willing to call them out on this nonsense with just showing the dramatic swings in temperature over the centuries.
It’s a well-kept secret, but 95 per cent of the climate
models we are told prove the link between human CO2 emissions and
catastrophic global warming have been found, after nearly two decades of
temperature stasis, to be in error. もうこれは公然の秘密だが、世の中で議論されている気候モデルの95%はヒト由来CO2と関連付けられており、壊滅的な地球温暖化が見られると言う、もう20年も気温は変化していないにもかかわらずだ、モデルの間違いは明らかだ。
It’s not surprising.
それは驚くことではない。
We have been subjected to extravagance from climate catastrophists for close to 50 years. 我々はもう50年近くも気候大変動に不毛な議論を続けてきた。 In January 1970, Life magazine,
based on “solid scientific evidence”, claimed that by 1985 air pollution
would reduce the sunlight reaching the Earth by half. In fact, across
that period sunlight fell by between 3 per cent and 5 per cent. In a
1971 speech, Paul Ehrlich said: “If I were a gambler I would take even
money that England will not exist in the year 2000.”
Fast forward to March 2000 and David Viner, senior research scientist at the Climatic Research Unit, University of East Anglia, told The Independent,
“Snowfalls are now a thing of the past.” In December 2010, the Mail
Online reported, “Coldest December since records began as temperatures
plummet to minus 10C bringing travel chaos across Britain”.
時が経ち2000年3月には、David Viner,East Anglia大学の気象研究部門の研究者、がインデペンデント誌にこう述べた、「いまや降雪はもう昔話となってしまった」。2010年12月には、the Mail Onlineがこう伝えた、「観測史上極寒の12月でマイナス10度まで下落し英国全体が混乱状態になり始めた」。
We’ve had our own busted predictions. Perhaps the most preposterous was climate alarmist Tim Flannery’s 2005 observation:
“If the computer records are right, these drought conditions will
become permanent in eastern Australia.” Subsequent rainfall and severe
flooding have shown the records or his analysis are wrong. We’ve
swallowed dud prediction after dud prediction. What’s more, the
Intergovernmental Panel on Climate Change, which we were instructed was
the gold standard on global warming, has been exposed repeatedly for
misrepresentation and shoddy methods.
Weather bureaus appear to have “homogenised” data to suit
narratives. NASA’s claim that 2014 was the warmest year on record was
revised, after challenge, to only 38 per cent probability. Extreme weather events, once blamed on global warming, no longer are, as their frequency and intensity decline. Why then, with such little evidence, does the UN
insist the world spend hundreds of billions of dollars a year on futile
climate change policies? Perhaps Christiana Figueres, executive secretary of the UN’s Framework on Climate Change has the answer?
In Brussels last February she said, “This is the first time in the
history of mankind that we are setting ourselves the task of
intentionally, within a defined period of time, to change the economic
development model that has been reigning for at least 150 years since
the Industrial Revolution.”
In other words, the real agenda is concentrated political authority. Global warming is the hook. 言い換えると、本当の議題は政治的権力に集約される。地球温暖化は計略にすぎない。
Figueres is on record saying democracy is a poor political system for
fighting global warming. Communist China, she says, is the best model.
This is not about facts or logic. It’s about a new world order under the
control of the UN. It is opposed to capitalism and freedom and has made
environmental catastrophism a household topic to achieve its objective.
Figueres says that, unlike the Industrial Revolution, “This is a centralised transformation that is taking place.”
She sees the US partisan divide on global warming as
“very detrimental”. Of course. In her authoritarian world there will be
no room for debate or disagreement.
Make no mistake, climate change is a must-win battlefield for authoritarians and fellow travellers.
As Timothy Wirth, president of the UN Foundation, says: “Even if the
(climate change) theory is wrong, we will be doing the right thing in
terms of economic and environmental policy.”
Having gained so much ground, eco-catastrophists won’t let up. After
all, they have captured the UN and are extremely well funded. They have a
hugely powerful ally in the White House. They have successfully
enlisted compliant academics and an obedient and gullible mainstream
media (the ABC and Fairfax in Australia) to push the scriptures
regardless of evidence.
They will continue to present the climate change movement as
an independent, spontaneous consensus of concerned scientists,
politicians and citizens who believe human activity is “extremely
likely” to be the dominant cause of global warming. (“Extremely likely” is a scientific term?)
And they will keep mobilising public opinion using fear and appeals
to morality. UN support will be assured through promised wealth
redistribution from the West, even though its anti-growth policy
prescriptions will needlessly prolong poverty, hunger, sickness and
illiteracy for the world’s poorest.
Figueres said at a climate summit in Melbourne recently that she was
“truly counting on Australia’s leadership” to ensure most coal stayed
in the ground.
Hopefully, like India’s Prime Minister Narendra Modi, Tony Abbott
isn’t listening. India knows the importance of cheap energy and is set
to overtake China as the world’s leading importer of coal. Even Germany
is about to commission the most coal-fired power stations in 20 years.
There is a real chance Figueres and those who share her centralised power ambitions will succeed.
As the UN’s December climate change conference in Paris approaches,
Australia will be pressed to sign even more futile job-destroying
climate change treaties.
Resisting will be politically difficult. But resist we
should. We are already paying an unnecessary social and economic price
for empty gestures. Enough is enough. これに抵抗するのは政治的に難しいだろう。しかし抵抗すべきだ。我々はすでに無意味な社会的経済的対価を払ってきた。もううんざりだ。
Amazonで買物をしてContrarianJを応援しよう 記事を紹介しようと訳を入れている間にFOMCが過ぎてしまいタイミングを逸してしまいました、前半は読み飛ばしてください。後半部分に関して、日本では一般会計と特別会計が別れていて政府財政がわかりにくいですが、米国は分離されておらず年金会計がより鮮明になります。$70Tって邦貨でいうと約7000兆円ですからね。 Whistling Past The $70 Trillion Debt Graveyard 07-26-19 Written by Lance Roberts | Jul, 27, 2019 Last week, we discussed the setup for a near-term mean reversion because of the massive extension above the long-term mean. To wit: 先週には、私どもは短期的な平均回帰のし掛けが出来上がっていることを議論した、というのも現在長期的な平均から極端に乖離しているからだ。見てみよう: “There is also just the simple issue that markets are very extended above their long-term trends, as shown in the chart below. A geopolitical event, a shift in expectations, or an acceleration in economic weakness in the U.S. could spark a mean-reverting event which would be quite the norm of what we have seen in recent years.” 「とてもかんたんなことだが、市場は長期的なトレンドからあまりに極端に上方乖離している、それは下のチャートを見れば明らかだ。地政学的出来事、期待値の変化、もしくは米国経済の弱さが加速するなら、平均回帰を引き起こすだろう、それは過去数年でみた典型的な相場の動きだ。」 This analysis is ...
Productivity: What It Is & Why It Matters Written by Michael Lebowitz | Jan, 16, 2019 The Kansas City Federal Reserve posted the Twitter comment and graph below highlighting a very important economic theme. Although productivity is a basic building block of economic analysis, it is one that few economists and even fewer investors seem to appreciate. Kansas 市FEDがツイッターにコメントを投稿した、そのグラフを下に示す、とても重要な経済テーマだ。経済分析においては生産性というのはとても重要な要素だが、ほとんどのエコノミストがこの件に言及しない、投資家は更にこのことを忘れ去っている。 The Kansas City Fed’s tweet is 100% correct in that wages are stagnating in large part due to low productivity growth. As the second chart shows, it is not only wages. The post financial-crisis economic expansion, despite being within months of a record for duration, is by far the weakest since WWII. Kansas City FEDのツイートは100%正しい、給与が停滞している原因の主要因は生産性成長が低いからだ。二番目のチャートを見ても判るように、成長鈍化は給与だけではない。あの金融危機後の経済拡大は、第二次世界大戦後で記録的長期の拡大期間だが、とても弱い拡大だ。 Productivity growth over the last 350+ years is ...
米国はよく理解してませんが、日本の場合では量的緩和で日銀が国債買い上げした資金は日銀当座預金にそのままです、市中には流れていません。でもNHKのニュース等では「ジャブジャブ」という表現をアナウンサーが使い、さらに丁寧に水道の蛇口からお金が吐き出される画像まで示してくれます。これって心理効果が大きいですよね。量的緩和とは何かを7時のニュースや新聞でこれ以上丁寧に解説するのはそう簡単ではありません。一般の人も株式をやっている人も「イメージ」で捉える以上はそう簡単にできません。多くの人は量的緩和とはなにか、を理解していないと私は想像しています。 ただし、国債を買い上げるので長期金利が低下し住宅ローン金利等が下がったのは確実な効果です。一方で長短金利差が少なくなると銀行のビジネスモデルが成り立たなくなりますが。 This Is The One Chart Every Trader Should Have "Taped To Their Screen" by Tyler Durden Sat, 01/19/2019 - 18:55 After a year of tapering, the Fed’s balance sheet finally captured the market’s attention during the last three months of 2018. 一年間のテーパリング後、FEDバランスシートがとうとう市場の注目をあびることになった、2018年の最後の3ヶ月だ。 By the start of the fourth quarter, the Fed had finished raising the caps on monthly roll-off of its balance sheet to the full $50bn per month (peaking at $30bn USTs, $20bn MBS...
この記事は投資人生を通じて有効です。 The Beginning is the End is the Beginning: A Look at Recessions Market Commentary Stocks By Liz Ann Sonders February 25, 2019 Key Points Recessions are not back-to-back negative GDP quarters; they’re instead defined using four key coincident economic indicators. 景気後退とはマイナスGDP成長四半期が連続することではない;そうではなく4つの重要経済指標で定義される。 Bear markets often overlap with recessions (and typically lead them), but not always. ベア相場は景気後退と重なることが多い(典型的には先行する)、しかし必ずそうというわけでもない。 It’s important to distinguish between leading and lagging economic indicators and to focus at least as much on trend as level. 大切なことは先行指標と遅行指標を見極めること、そしてすくなくともそのトレンドに注意せよ。 Recession chatter is abundant lately. It’s increasingly the focus of Q&A sessions at investor events at which I’ve been speaking. I also received a series of questions last week about recessions fro...