October 8, 2020

La Niña has arrived: Near-term cooling

Last week, the Global Warming Policy Forum headlined "La Niña Is Here."  Why the headline?  Because the warming El Niño is over, and the change to La Niña represents cooling.  Like seasonal...

March 10, 2020

Financial and Disease Panics: Black Swans?

Some financial writers have claimed that stock market crashes such as followed the 2007 Bubble are unpredictable and rare, calling them “Black Swan” events. More recently, the Covid-19 health threat has been described as a “Black Sw...

September 4, 2019

Bubbles: Seen One, Seen them All

One of the greatest blunders in the history of financial bubbles is not a policy error that inadvertently forces a collapse. Instead the real blunder is celebrating the old theory that some agency can prevent financial setbacks and recessions. In var...