Just more of that good, old
global warming climate change climate disruption heading towards the midwest:
Following several weeks of economic data that has been, despite erroneous expectations of a Fed rate hike, one major disappointment after another including regional Fed reports, housing data, manufacturing surveys, construction spending, and durable goods data, the US economy is about to get the slowdown scapegoat it so desperately needs: according to Weather.com, following a brief overnight respite from cold temperatures, entering the first full week of January, both the Midwest and the East will see a plunge to the coldest temperatures of the season. This blast of cold temperatures will be different than the Arctic chill that ended 2014, which was mainly confined to the northern tier. This time the frigid air will push farther south and east.
Only thing I can figure is that Al Gore must be making a speaking tour through the area – but, as Zero Hedge notes, this is going to cause sighs of relief through our Economist and Banker classes…that it is cold in January will be used to explain away the poor 1st quarter GDP data we’re going to get in April (and, as usual, this exceptionally cold spell will be used to “prove” global warming…because if we weren’t warming, you see, we wouldn’t get weather that is unusually cold). The thing about our modern system is that it is so hopelessly corrupt that both global warming and fake-money economies can be kept going for quite a while…