Latest Commentary: -
Latest Blog: -
  • Michael Rosen Michael Rosen
  • Investment Insights are written by Angeles' CIO Michael Rosen

    Michael has more than 30 years experience as an institutional portfolio manager, investment strategist, trader and academic.

IM电竞app官方入口

Published: 07-29-2015

Southern California just had the wettest July on record, the Angels were rained out of a home game for the first time in 20 years, and we’re all getting excited that a strong El Niño is developing for the winter.

But let’s all take a deep breath. The record July rain at LAX was about one-third of an inch. That’s about a 15-minute downpour in the rest of the country. It was a little better in San Diego, just over an inch-and-a-half. So, while welcomed, it wasn’t much, especially when we consider the (dry) hole we’re in.

The first chart shows the deviation from the 1949-2005 mean temperature in the state going back 120 years. We are now at the highest temperature in four generations, with a pretty clear upward trend.

meantemp

The effect has been to extend a drought in both severity and expanse. Nearly half of the state is experiencing an exceptional drought, as the chart below shows.

pctdrought

We pin our hopes for an El Niño this winter on the observation that the current temperature in the Pacific is 2.88 degrees higher than average, close to the 3.06 degree difference measured at the same time and place in 1997, which presaged a huge El Niño event that soaked not just Southern California but the north as well, which is what really matters as that’s where our water supply is.

So, for now, I join with the hopeful that our immediate crisis will soon be relieved. But our enthusiasm should be tempered by the very deep dry hole we’re in. As for resolving our long-term problem, I’m a little less hopeful.

友情链: im电竞APP(电竞体育手机版入口)|im电竞app官网 | im电竞在线登录(电竞游戏竞猜软件手机版)|im电竞下载地址 | im电竞APP网址(电竞直播竞猜平台下载)|im电竞app官网入口 | im电竞app官方网站(正规的电竞竞猜app)|im电竞app最新版 | im电竞app注册(电竞体育彩票竞猜网站下载)|im电竞平台app下载 | im电竞app下载(体育电竞盘app)|亚博IM电竞App | im电竞平台app(最新电竞竞猜app)|im电竞客户端官网app |