Accuweather.com last week released Joe Bastardi’s winter forecast for 2010 and 2011 (link leads to a video). The modeler in me finds weather forecasting to be fascinating because in what other predictive science can one get such immediate feedback? Right or wrong, you’ll soon find out.
I have also grown fond of Joe Bastardi’s work. He is a global-warming sceptic, but he does so with solid empirical evidence–such as his “Monday Morning Sea Ice Report.” In contrast, the other side rely on models to predict global-warming.
What does global-warming have to do with Wealth Alchemy? Plenty, because many Wealth Alchemists would love to see schemes such as “cap-and-trade” become law. Cap-and-trade would not only destroy wealth on a massive scale (by imposing obsolesce on older technology based on politics not economics), but would also impose a permanent handicap to future wealth creation. It would, in essence, institutionalize rent-seeking on a vast scale as special-interests jockey for prime real-estate under the new rules.
At any rate, you can view Joe’s free U.S. videos here and his free European blog here. All else you have to subscribe to . . . which is another reason to like Joe, his forecasts have to pass a market test. The other side, not so much.
Update: Joe Bastardi’s latest Monday Morning Sea Ice Report can be found here (link leads to a video).