Comments on: The Biggest Bust Will Follow the Biggest Bubble http://dailyreckoning.com/the-biggest-bust-will-follow-the-biggest-bubble/ Economic News, Markets Commentary, Gold, Oil and Investing Strategies. Sun, 27 May 2012 09:55:17 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: BillR http://dailyreckoning.com/the-biggest-bust-will-follow-the-biggest-bubble/#comment-32217 BillR Thu, 15 Oct 2009 17:30:43 +0000 http://dailyreckoning.com/?p=19116#comment-32217 The BBC article merely stated that 1998 was the hottest year on record and that no year since has been hotter. Which is true. Does that mean the planet is cooling? Hardly. The decade from 1998-2008 is the hottest on record by a significant margin, and the next significant El Nino will likly break 1998 as the hottest year. http://data.giss.nasa.gov/gistemp/graphs/ Agueing that because one or two years are cooler that the planet is cooling is like saying the tide is going out because a wave just receded. You have to look at trends over many decades and these clearly indicate that we are in a very long term warming that can only be explained by GHG emisssions. This is the conclusion of the vast majority of scientific community, and anecdotal information does not counter this truth. The BBC article would leave you to believe that perhaps there are a significant number of scientists argueing or debating this truth... but you can only roll out Don Easterbrook or Doug Christy etc. so many times. There are very few scientist debating this consensus and practically NONE of them make it into the peer-reviewed journals because the science just does not hold up. The BBC article merely stated that 1998 was the hottest year on record and that no year since has been hotter. Which is true. Does that mean the planet is cooling? Hardly. The decade from 1998-2008 is the hottest on record by a significant margin, and the next significant El Nino will likly break 1998 as the hottest year.

http://data.giss.nasa.gov/gistemp/graphs/

Agueing that because one or two years are cooler that the planet is cooling is like saying the tide is going out because a wave just receded. You have to look at trends over many decades and these clearly indicate that we are in a very long term warming that can only be explained by GHG emisssions. This is the conclusion of the vast majority of scientific community, and anecdotal information does not counter this truth.

The BBC article would leave you to believe that perhaps there are a significant number of scientists argueing or debating this truth… but you can only roll out Don Easterbrook or Doug Christy etc. so many times. There are very few scientist debating this consensus and practically NONE of them make it into the peer-reviewed journals because the science just does not hold up.

]]> By: JMR Alan Greenspan http://dailyreckoning.com/the-biggest-bust-will-follow-the-biggest-bubble/#comment-32119 JMR Alan Greenspan Thu, 15 Oct 2009 02:42:18 +0000 http://dailyreckoning.com/?p=19116#comment-32119 As a matter of fact, global warming models predict severe winters and severe summers also. As the globe gets warmer, climate will become more extreme, both on the cold and hot sides. And seasons will becoome more erratic. Global warming is now a fact. The artic lost 40% of its ice cap. Mount Kilimanjaro's eternal snow has disapeared (so much for eternal eh?). Debating that is just foolish. As for sunspots, they indeed affect climate in ways we dont know well. As a matter of fact, global warming models predict severe winters and severe summers also. As the globe gets warmer, climate will become more extreme, both on the cold and hot sides. And seasons will becoome more erratic. Global warming is now a fact. The artic lost 40% of its ice cap. Mount Kilimanjaro’s eternal snow has disapeared (so much for eternal eh?). Debating that is just foolish. As for sunspots, they indeed affect climate in ways we dont know well.

]]> By: wanker http://dailyreckoning.com/the-biggest-bust-will-follow-the-biggest-bubble/#comment-32111 wanker Thu, 15 Oct 2009 01:52:15 +0000 http://dailyreckoning.com/?p=19116#comment-32111 BB knows, and is honest enough to say that the dismal science is not actually a science. At worst pure fantasy and at best thoughful anaylsis with many unpredictable factors. Climate/Atmospheric science is actually real science, with evidence and facts, not simply opinion. The BBC reports a lot of things - hang on, this wasn't actually a report, but a blog. But the sceptics will sieze on anything to spread misinformation. Go read the Intergovernmental Panel on Climate Change Report. BB knows, and is honest enough to say that the dismal science is not actually a science. At worst pure fantasy and at best thoughful anaylsis with many unpredictable factors. Climate/Atmospheric science is actually real science, with evidence and facts, not simply opinion.
The BBC reports a lot of things – hang on, this wasn’t actually a report, but a blog. But the sceptics will sieze on anything to spread misinformation.
Go read the Intergovernmental Panel on Climate Change Report.

]]> By: LaRRRRy http://dailyreckoning.com/the-biggest-bust-will-follow-the-biggest-bubble/#comment-32091 LaRRRRy Wed, 14 Oct 2009 23:27:35 +0000 http://dailyreckoning.com/?p=19116#comment-32091 BillRRRRRR- Who should stick to what they are qualified to comment on...the BBC? BB merely quoted THEM, silly man. BillRRRRRR-

Who should stick to what they are qualified to comment on…the BBC?

BB merely quoted THEM, silly man.

]]> By: Ron http://dailyreckoning.com/the-biggest-bust-will-follow-the-biggest-bubble/#comment-32079 Ron Wed, 14 Oct 2009 22:21:28 +0000 http://dailyreckoning.com/?p=19116#comment-32079 I agree with BillR on climate change but here is an idea worth investigating. A company called Carbon Sciences CABN has an efficient way to turn CO2 into liquid fuel. This can be captured at the source then made into fuel that can be used by transportation. This could help to solve the CO2 problem and energy at the same time. I agree with BillR on climate change but here is an idea worth investigating.

A company called Carbon Sciences CABN has an efficient way to turn CO2 into liquid fuel. This can be captured at the source then made into fuel that can be used by transportation. This could help to solve the CO2 problem and energy at the same time.

]]> By: Lenny http://dailyreckoning.com/the-biggest-bust-will-follow-the-biggest-bubble/#comment-32023 Lenny Wed, 14 Oct 2009 18:01:50 +0000 http://dailyreckoning.com/?p=19116#comment-32023 BillR - you are emitting "greenhouse gases" 24hrs a day. What are you doing about it? BillR – you are emitting “greenhouse gases” 24hrs a day. What are you doing about it?

]]> By: jason http://dailyreckoning.com/the-biggest-bust-will-follow-the-biggest-bubble/#comment-32021 jason Wed, 14 Oct 2009 17:33:21 +0000 http://dailyreckoning.com/?p=19116#comment-32021 Well the Dow has come dangerously close to 10,000 this morning based on the stupendous earnings reports from Intel and some bank or other that is bloated with tax payer money. Well the Dow has come dangerously close to 10,000 this morning based on the stupendous earnings reports from Intel and some bank or other that is bloated with tax payer money.

]]> By: phelps who cant swim http://dailyreckoning.com/the-biggest-bust-will-follow-the-biggest-bubble/#comment-32016 phelps who cant swim Wed, 14 Oct 2009 16:54:03 +0000 http://dailyreckoning.com/?p=19116#comment-32016 Hey BillR lighten up will ya. What Bonner is trying to relay to us is that you have to careful who, or is it whom, you put your faith in. Global Warming advocates just like some economists have a dog in the fight and will try to sell the public their proganda to further their agenda, so please be a little skeptical when someone tells you the sky is falling. You are free to believe anything you wish, but don't expect the rest of us to blindly follow along. Hey BillR lighten up will ya. What Bonner is trying to relay to us is that you have to careful who, or is it whom, you put your faith in. Global Warming advocates just like some economists have a dog in the fight and will try to sell the public their proganda to further their agenda, so please be a little skeptical when someone tells you the sky is falling. You are free to believe anything you wish, but don’t expect the rest of us to blindly follow along.

]]> By: Robert http://dailyreckoning.com/the-biggest-bust-will-follow-the-biggest-bubble/#comment-32013 Robert Wed, 14 Oct 2009 16:38:04 +0000 http://dailyreckoning.com/?p=19116#comment-32013 Hey Mom check this its cool Green House effect countered by Sunspots? Hey Mom check this its cool
Green House effect countered by Sunspots?

]]> By: BillR http://dailyreckoning.com/the-biggest-bust-will-follow-the-biggest-bubble/#comment-32008 BillR Wed, 14 Oct 2009 16:17:47 +0000 http://dailyreckoning.com/?p=19116#comment-32008 Stick to what you are qualified to comment on... it's pretty obvious you are no climate scientist. The changes in climate are never measured by antecdotal storms. Climate scientists have never said that the changes in climate would be linear, or that snow would stop... merely that continuing to add greenhouse gases (whose absorbtion of infrared gases can be measured in a lab and is fact) will over time warm the atmosphere. Thousands of scientists agree that this is exactly what is happening, and the denial of this is in reality a fringe belief among scientists with little support. Really. Stick to what you know something about, which is the effects of Debt and Deflation... Stick to what you are qualified to comment on… it’s pretty obvious you are no climate scientist. The changes in climate are never measured by antecdotal storms. Climate scientists have never said that the changes in climate would be linear, or that snow would stop… merely that continuing to add greenhouse gases (whose absorbtion of infrared gases can be measured in a lab and is fact) will over time warm the atmosphere. Thousands of scientists agree that this is exactly what is happening, and the denial of this is in reality a fringe belief among scientists with little support.

Really. Stick to what you know something about, which is the effects of Debt and Deflation…

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