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Ot: Is America Heading For Another Dustbowl?

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http://wwwa.accuweather.com/promotion.asp?...w&page=dustbowl

AccuWeather.com meteorologists are warning that oceanic conditions similar to those that triggered the ruinous "Dust Bowl" drought again appear to be in place. The exceptionally warm Atlantic waters that played a major role in the record-breaking 2005 hurricane season, coupled with cooler-than-normal Pacific waters, are weakening and changing the course of a low-level jet stream that normally channels moisture into the Great Plains. Effects are starting to be felt in "America's breadbasket," as the southern Great Plains region is already suffering from higher temperatures and a prolonged lack of precipitation.

Parallels to the 1930s are just becoming too real! :o

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http://wwwa.accuweather.com/promotion.asp?...w&page=dustbowl

Parallels to the 1930s are just becoming too real! :o

We talked about looming water shortages in the American southwest on another thread, and now this. I've long thought that the worldwide credit expansion (which gave rise to the housing bubble) will end with a most unexpected trigger. A good old fashioned American dustbowl would certainly qualify. It would certainly get the award for historical irony.

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The similarities to the 1930's are frightening.

Anyone on here read Galbraith's account of the depression?

http://www.amazon.co.uk/exec/obidos/ASIN/0...0992280-1594339

Rampant speculation. Record trading volumes. Assets bought not because of their value but because the buyer believes he can sell them for more in a day or two, or an hour or two. Welcome to the late 1920s in the US.

There are many signs that western economies could be heading down the same deflationary route again.

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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