Sea surface temperatures in the central Pacific fell another 0.2 degrees in the last week. This drop was sufficient to achieve La Nina conditions:
It was just seven months ago that the strongest El Nino in recorded history was set. The weatherfolks and their computers were anticipating that the Pacific Ocean would revert to a neutral status (+/- 0.5 degrees Fahrenheit). Now it looks like a full bore La Nina is in the immediate future.
Liquidity moves markets!Click here to learn how you can follow the money.
There are a dozen or so computers that track the hourly buoy data from the Pacific. These computers are run by government weather gurus as well as some Universities. The goal is to accurately forecast the El Nino/La Nina cycles. It would be worth billions if they could do it. The rapid fall in ocean temps has had the computers working overtime. The most recent update has all of the models in either neutral or La Nina in the coming months:
Does it mean anything if we are to get a strong La Nina later this summer and into the fall? Based on recent history it does. In January of 1998 there was a record La Nina. By the summer of 98′ the water temperatures had fallen rapidly and a strong La Nina developed. 2016 is shaping up to be a perfect repeat. This is how NOAA described the 1998 hurricane season:
Time will tell if a few hurricanes are to make USA landfall. If they do, Florida is a prime target, as this year’s crop of hurricanes will likely be Atlantic born, and head for the SE coast.
If it should come to pass that Florida gets hit/brushed by a few big storms there might be some collateral damages. Florida is already flooded with rain water. The largest lake, Okeechobee, is pumping water into canals that bring the excess water to the east and west coasts. The problem is that Okeechobee is filled with phosphates from farming. The result has been a huge toxic algae blooms. Floridians accuse the Feds for the problem. The argument is that the Army Corps of Engineers has not maintained the levees/dykes around Okeechobee so that the lake can no longer be safely filled to the brim.
There could easily be a few feet of water in central Florida if this year’s La Nina proves to be as big as now predicted. Does an October Eco Disaster change the November voting in the key state of Florida?
Wall Street Examiner Disclosure:Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. I am a contractor for Money Map Press, publisher of Money Morning, Sure Money, and other information products. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. In some cases I receive promotional consideration on a contingent basis, when paid subscriptions result. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. No endorsement of third party content is either expressed or implied by posting the content. Do your own due diligence when considering the offerings of information providers.