Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: regli who wrote (54027)	7/30/2006 9:25:05 AM
From: Moominoid	Read Replies (1) of 116555

The comments about the IMF are interesting. The rest is nonsense. On climate change: The sensitivity of the climate to changes in carbon dioxide is increasingly being recognized to be higher than was previously believed. However, I believe that agriculture will largely adapt. Natural vegetation and fauna will not. The biggest threat is from sea level rise (see New Orleans). Unfortunately it takes several decades for even half the final impact on temperature of a given change in carbon dioxide to become apparent. What we are seeing now is primarily the effect of the increase in carbon dioxide in past decades, combined with a contemporaneous reduction in volcanic and human origin sulfur in the atmosphere that blocks sunlight. OTOH In the last few years temperatures on the west coasts of Europe and North America have been exceptionally high in summer. But a few thousand miles east they have not been. The US East Coast and the Middle East have been near long term averages or even belwo average. So the average has been up but not as dramatically as those on the West Coasts would think from their experience.

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