donheff
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
We are broiling, and drying out over a big portion of the country. And now, Richard Muller, a global warming skeptic has announced his conversion to true believer after the Berkeley Earth Surface Temperature Project (funded partly by the Kochs which should add credibility for the skeptics) concluded that GW is real and man made:
Our results show that the average temperature of the earth’s land has risen by two and a half degrees Fahrenheit over the past 250 years, including an increase of one and a half degrees over the most recent 50 years. Moreover, it appears likely that essentially all of this increase results from the human emission of greenhouse gases.
Assuming they are even half right, what does this mean for us and the economy? I long ago concluded that it is too late to avoid getting slammed by GW. I am optimistic that technological advances will allow us to adapt but the changes should force some major shifts both good and bad. I can't see how it calls for any changes in the standard diversified portfolio advice but maybe some of you have other thoughts?
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