When the bottom falls out of a market, like Toronto housing, it's time to double down and buy into the whole thing. Don't listen to me. The nice thing about a bubble bursting is that it is still high for a while. The heat blob has passed through and there is not a speck of heat showing up.
They are now changing the forecast for a strong Ellie to be exactly the same as a Major Ice Cycle, for the fall. This should keep them going.
Yeah, put the booze back on the shelves and let it gather dust.
In the oil biz, this is called 'demand destruction'. I remember we used to watch American baseball every Wednesday night. Then they went on that ridiculously long strike, and we never watched again.
In California, their wine is so cheap, it is used to clean the streets (ha, ha, they don't clean the streets!).
In fact, I'm pretty well off most booze, and beef steaks. Maybe I'll live another month longer.
I maintain my careful watch for the big wash of El Nino heat coming over us. In the meantime, we have a clipper looking to start snow in September.
A clipper is a very specific mechanism of having a hunk of Pacific plume dragged down by an Arctic blob. They fight all the way down, and bring big snowstorms in the depth of winter. Since the Pacific plumes took a break all last winter, we weren't getting them, just naked Arctic blobs.
Europe is just getting an Arctic spill.
The world is cold.
My chart showing the rise and fall of El Nino hasn't been updated yet. Although they can make up the coming of El Nino, can they make up heat energy? I am waiting with baited breath. Most likely, it will be like our last record-cold winter, and they will just hide under their rocks, without a peep, ready to come out in the stagnant summer.
