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California’s Deadliest Fire Now Blocking Sun; Temps Drop By 10 Degrees As “Hazardous” Air Chokes Residents

November 16, 2018

California’s Deadliest Fire Now Blocking Sun; Temps Drop By 10 Degrees As “Hazardous” Air Chokes Residents

California’s deadliest fire in state history has generated so much smoke that it’s blotting out the sun – which has caused surface temperatures to drop by as much as 10 degrees Farenheit, according to the US National Weather Service.

The smoke from the Camp Fire, which has burned 140,000 acres, claimed at least 56 lives, and is 40% contained, is so bad that anyone in the cities of Chico or Gridley who venture outdoors without a surgical-grade respirator are putting themselves in danger, according to Bloomberg.

Current air quality across much of the region is very poor. Check with https://t.co/XYTBpMFjzh and your local air quality board for more information. #CAwx pic.twitter.com/Rao8t4gvwD

— NWS Sacramento (@NWSSacramento) November 15, 2018

The air in the immediate vicinity of the fire is considered “hazardous” — the worst it can be — and the poorest in the U.S. AirNow has an “unhealthy” rating for the air from Sacramento to Livermore, and it’s only a little better for San Francisco.

The smoke is so thick “it prevents the sunlight from reaching the surface,” said Hannah Chandler-Cooley, a National Weather Service meteorologist in Sacramento. “It prevents surface heating.” –Bloomberg

✔

Will a surgical mask help protect you from smoke? How about a bandana? Nope. You’ll need a special respirator mask – and you’lll need to wear it correctly: https://khn.org/news/for-wildfire-safety-only-particular-masks-guard-against-toxic-particulate-matter/ … @KHNews

…click on the above link to read the rest of the article…

Where There’s Smoke…

April 22, 2017

Where There’s Smoke…

…There’s central bank manipulation

Central banks around the world have colluded, if not conspired, to elevate and prop up financial asset prices.  Here we’ll present the data and evidence that they’ve not only done so, but gone too far.

When wee discuss elevated financial asset prices we really are talking about everything.

we’re talking not just about the sky-high prices of stocks and bonds, but also of the trillions of dollars’ worth of derivatives that are linked to them, as well as real estate in dozens of countries and locations.  All are intricately linked together. For instance, stocks are elevated, in part, because bond yields are so low.  Sam for real estate.

Here are three questions most alert investors are asking:

  • Question #1: When will financial assets ever ‘correct’ and fall in price?
  • Question #2: How much does overt propping by the central banks have to do with today’s elevated prices?
  • Question #3: How much does covert propping by central banks play a role in these inflated markets?

These are important questions to consider because if central banks have been too involved and gotten themselves mixed up in trying to ‘wag the dog’ by using elevated financial asset prices as a means to drive economic expansion — then the risk is a big implosion in financial asset prices if their efforts fail.

The difficulty, as always, is that you can’t print your way to prosperity.  It’s never worked in history and it won’t work this time either.  You can, however, print (or borrow) to delay a correction, after which a boost in real economic growth (or additional income) had better materialize to save your bacon.   But if enough growth does not emerge to both pay back all the old outstanding loans plus all the newly created debt and currency, then you’re going to experience a worse correction than if you had not tried to print/borrow your way to prosperity.

…click on the above link to read the rest of the article…

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