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Daily Archives: August 14, 2013

Economic Statistics for 14 Aug 13

Here are today’s statistics on the state of the economy:

The Atlanta Fed Business Inflation Expectations report for August indicates that businesses expect 2.0% inflation for the year ahead, up from 1.8% last month.

July producer prices were unchanged overall, with the core rate up only 0.1%. On a year over year basis, the PPI is up 2.1%, and 1.2% for the core rate.

The MBA reports that mortgage apps continue to decline, down -4.7% last week, with purchases at -5.0% and re-fis at -4.0%.

~
Dale Franks
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It’s time to call Warmists “deniers”

Because they deny both science and fact to push an agenda that is demonstrably false.  Yet have the temerity to call those who are skeptical of their claims “deniers”.  And, of course, they have their “scientific” mouthpieces as well.  For instance:

The National Oceanic and Atmospheric Administration recently released its “State of the Climate in 2012” report, which states that “worldwide, 2012 was among the 10 warmest years on record.”

But the report “fails to mention [2012] was one of the coolest of the decade, and thus confirms the cooling trend,” according to an analysis by climate blogger Pierre Gosselin.

“To no one’s surprise, the report gives the reader the impression that warming is galloping ahead out of control,” writes Gosselin. “But their data shows just the opposite.”

Well of course it does. It’s not like we haven’t seen this sort of thing from them before. It is “Headline” science. It’s also Chicken Little Science.  Always the alarmist.  Always the problem … a problem that only government can fix, of course.  And a problem that also includes you losing some freedom of action.  You know, the usual prescription.

Then there’s the confusion:

Although the NOAA report noted that in 2012, “the Arctic continues to warm” with “sea ice reaching record lows,” it also stated that the Antarctica sea ice “reached a record high of 7.51 million square miles” on Sept. 26, 2012.

And the latest figures for this year show that there’s been a slowdown of melting in the Arctic this summer as well, with temperatures at the North Pole well below normal for this time of year. Meteorologist Joe Bastardi calls it “the coldest ever recorded.”

Oh, my … an “inconvenient truth”. Now what?

Well, because the facts don’t support the usual assertion, AP was forced to retract a photo and caption:

The Associated Press had to retract a photo it released on July 27 with the caption, “The shallow meltwater lake is occurring due to an unusually warm period.”

“In fact, the water accumulates in this way every summer,” AP admitted in a note to editors, adding that the photo was doubly misleading because “the camera used by the North Pole Environment Observatory has drifted hundreds of miles from its original position, which was a few dozen miles from the pole.”

I guess they were out of distraught polar bears hanging on to a sliver of ice or something.

And then there’s this:

NOAA also reported that the “average lower strastospheric temperature, about six to ten miles above the Earth’s surface, for 2012 was record or near-record cold, depending on the dataset” even while the concentrations of greenhouse gases, including carbon dioxide, continued to increase.

But don’t worry … the real science will be ignored.  Why?  Because a certain set of politicans are sniffing the wind and they smell an opportunity to create a tax out of thin air.   And that, my friends, is all it takes.  Politicians and junk science … a marriage made in hell.

~McQ