
"The observed prolonged high maximum of solar activity that occurred during the 11th to 12th centuries’ warming period (the Minor Climate Optimum), which was comparable to contemporary warming or even greater, caused serious climate changes. In Scotland vineyards were cultivated; Greenland completely justified its name of "green land" and was settled by Normans at the end of the tenth and beginning of the eleventh century. But a subsequent deep fall in the temperature (the Maunder minimum, the coldest phase of the Little Ice Age) froze all the channels in Holland, in London froze the Thames, in Paris froze the Seine, and in Greenland caused the glaciers to grow, forcing people to leave its centuries-old settlements."
I couldn't help but have my mind wander over to compare the following text with the manner in which other wave theory is described and discussed. Resistance and Support. Oscillations. Truncated Patterns.
"The tendency toward a decline in global temperature observed in 2006-2008 (Fig. 7) will stop temporarily in 2010-2012. Then an increase in the TSI is expected, as solar cycle 24 (a “short” cycle) will temporarily compensate for the declining bicentennial component. But if solar activity in the “short” cycle does not rise sufficiently, the cooling of planet will begin to the deep temperature drop in 2055-2060 ± 11 years, when temperature will be lower by 1.0 – 1.5 degrees. The following climate minimum will last 45-65 years, after which warming will necessarily begin, but only at the beginning of the 22nd century (Fig. 8)."
Makes one feel like, just as we watch price action and make every attempt to remove any bias for our perspective of the market, the climate too will show us what will be next. Just as financial models have failed miserably, as will climate models. The intricacies of our natural world cannot be modeled. I remain more convinced on this now that ever, dating back to the first attempts as HSI and Wildlife values. Modeling can provide guidance but we must be prepared for all outcomes, and prepared to accept any consequences. Don't get me wrong, mismanaging, polluting and otherwise "wasting" the globe's resources is unacceptable. But not from the perspective of trying to "turn the climate around". And certainly not to the tune of trillions ofdollars committed to "climate change".
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