Australian (ASX) Stock Market Forum

Los Angeles Fire storm

I began this thread with a longer piece analysis which places the current LA fires as a pivotal point in history. The writer believes they are that serious and that significant.

The fires are not even controlled at this stage. The graphs John Dee posted from The Economist highlighted just how off the page the damage and the timing of the fire is. These size fires in mid winter !!! Holy xhit.

One of the absolute key issues about this disaster is that rapidly increasing temperatures caused by global warming are the key to the ferocity and timing of the event. In fact one can make exactly the same statement about the string of massive unheralded wildfires in the past few years. The destruction Fort McMurry in Canada in 2016. The massive fires in Greece, Italy, Siberia. Then there is the succession of record wild fires in California and Canada over in recent times. But California is in another league in financial terms when it comes to costly wildfire damages. I believe that is why Steve Schmidt things this is the event, like the sinking of the Titanic, that will turn history.

Politically there is still total denial from US Republicans generally and Donald Trump in particular that human created global warming is the major driver of these events. And consistent with that denial is the refusal to realise that the situation can only get worse as temperatures increase.

What does worse mean ? For a start lets see how the insurance industry operates as this disaster unfolds. I opened a thread on this topic elsewhere. It isn't hard to join the dots and see how financial systems, banks and communities will become very unstable when insurance becomes prohibitive or impossible to obtain.

ASF is an investors forum. Investors don't win if the market ignores existential risks.

 
I began this thread with a longer piece analysis which places the current LA fires as a pivotal point in history. The writer believes they are that serious and that significant.

The fires are not even controlled at this stage. The graphs John Dee posted from The Economist highlighted just how off the page the damage and the timing of the fire is. These size fires in mid winter !!! Holy xhit.

One of the absolute key issues about this disaster is that rapidly increasing temperatures caused by global warming are the key to the ferocity and timing of the event. In fact one can make exactly the same statement about the string of massive unheralded wildfires in the past few years. The destruction Fort McMurry in Canada in 2016. The massive fires in Greece, Italy, Siberia. Then there is the succession of record wild fires in California and Canada over in recent times. But California is in another league in financial terms when it comes to costly wildfire damages. I believe that is why Steve Schmidt things this is the event, like the sinking of the Titanic, that will turn history.

Politically there is still total denial from US Republicans generally and Donald Trump in particular that human created global warming is the major driver of these events. And consistent with that denial is the refusal to realise that the situation can only get worse as temperatures increase.

What does worse mean ? For a start lets see how the insurance industry operates as this disaster unfolds. I opened a thread on this topic elsewhere. It isn't hard to join the dots and see how financial systems, banks and communities will become very unstable when insurance becomes prohibitive or impossible to obtain.

ASF is an investors forum. Investors don't win if the market ignores existential risks.

Isn't Biden still the President?
Why isn't there anything about his Government in all of your postings?
Haven't they been in Government for the last few years?
Do you think you may be a bit OCD?
 
It's weird I can see a Bas thread, but thankfully not his posts. Let me guess "Climate Change" "Trump Bad".

On the climate change front where was the preparation?
More rainfall than usual so you already know its going to produce excessive fuel loads.
Low humidity can be tracked fairly easily.

This sht isn't a surprise. Why are the alarmists in government not taking it seriously?
 
Same thing is happening in nsw right now. Lots of rain the past few years. Sooner or later humidity will drop to the 30s and that extra fuel will be unstoppable.
Yep, a few years ago I called the huge NSW south coast fires months in advance, my mate in the RFS sticks by the official line but he is weakening

Around here there are hundreds of acres of NP that have not seen a burn off for at least 25 years, when it happens, (as it must one day) hundreds, even thousands, of koalas, wallabies, echidnas, goannas, marsupials etc will all be sacrificed on the altar of Gaia to appease the greenies
 
Yep, a few years ago I called the huge NSW south coast fires months in advance, my mate in the RFS sticks by the official line but he is weakening

Around here there are hundreds of acres of NP that have not seen a burn off for at least 25 years, when it happens, (as it must one day) hundreds, even thousands, of koalas, wallabies, echidnas, goannas, marsupials etc will all be sacrificed on the altar of Gaia to appease the greenies
So sad to think that will be the case.
Perhaps if the "Greenies" were made to be on the front line then their song sheet may be a bit different to the current one.
 
We need to rethink gumtrees as being a protected native. They are basically made to promote bushfire and wipe out the other species.
California planted a bunch and had to tear them out again.
And a heap of other countries, I read that Portugal has a major problem with them.

They were planted to be made into paper but not managed properly and now they have massive fires as well

The Aboriginals caused the problem but also knew how to manage the problem, burn often when the weather suits is the easiest way.

The ridiculous requirements for a local RFS unit to do a simple burn off in winter clearly demonstrate that head office really don't want it to happen
 
And a heap of other countries, I read that Portugal has a major problem with them.

They were planted to be made into paper but not managed properly and now they have massive fires as well

The Aboriginals caused the problem but also knew how to manage the problem, burn often when the weather suits is the easiest way.

The ridiculous requirements for a local RFS unit to do a simple burn off in winter clearly demonstrate that head office really don't want it to happen
To burn off the road verge in front of our place, we have to get permission from several Government departments. Rivers and Waterways or whatever it is called is one. Not a river or waterway in sight apart from the road side drain, man made on ever road!!!!
 
The first conversation is about long term climate changes which are largely driven by natural forces or extreme externalities. And yes the climate is always changing in some way as a result of these factors - usually slowly over many hundreds/thousands of years

The second conversation is about the extreme climate change that has happened in the past 50 years that has been driven almost entirely by human produced greenhouse gases and now threatens to make large parts of the earth too hot for current ecosystems.

Referencing the first discussion and then ignoring the reality of human influence on climate in the present situation is at the core of our current problems.
The "issue" I take with climate change (in general, not referring specifically to you or your posts) is this.

Let's put all argument to the side and just take the claims as correct. That is, the climate is changing both naturally and due to human activities. All argument's aside, let's just take that as true.

So what do we do?

There are two logical courses of action:

1. Actions to stop or at least slow the change.

2. Actions to mitigate the impact of the change.

From there it rapidly plunges down a very slippery slope into the abyss simply because there's no broad agreement on how important it is.

Someone will propose addressing point 1, someone else will object to them doing so as soon as they realise it involves putting wind farms on the coast, transmission lines, hydro, nuclear or whatever.

One side will propose addressing point 2, someone else will object to them going so as soon as they realise the blindingly obvious that having eucalypts and pine trees in the suburbs is a really bad idea and building houses so close to each other that fire readily spreads isn't a good idea either.

Hence that's the only comment I'm making on it here. It's an unresolvable issue so long as a good portion of society prioritises conservation over sustainability and visual amenity over safety.

Here's an example on the urban fringe of Adelaide: https://www.google.com/maps/@-34.87...try=ttu&g_ep=EgoyMDI1MDExMC4wIKXMDSoASAFQAw==

Pan the camera around and take a look. Now realise those big trees next to the house are protected and not allowed to be cut down and that, supposedly, fire won't jump that road - the side with the houses is classified "urban" for fire purposes and not at risk. Yeah, and I see a pig flying past too......

So long as we do silly things to appease those with soft hearts rather than hard heads we'll pay the price. I don't hate trees, but there's a place for them and that's not it. At least change the law so the owner can clear those around the house on their land, and remove any on council land on the same side of the road posing a threat. Think people, think with your head not your heart. :2twocents
 
If the Catastrophic Anthropogenic Global Warming hypothesis is correct, we know who to blame and who needs to take action.

Screenshot 2025-01-15 at 19.36.39.png
 
I think 20 years ago I was calling for climate preparedness. Australia can go net zero for no effect on the rest of the world. I wonder if they spent a fraction of the massive sums wasted on R&D if they would have come up with better technology.

That's why I can't take it seriously. There's too many contradictions. If these catastrophic things are going to happen why are we wasting money on windmills.
Where's the practical threat mitigation.
Council can't even clean out drains and creeks before floods. A big factor is that we are run by idiots.
 
I think 20 years ago I was calling for climate preparedness. Australia can go net zero for no effect on the rest of the world. I wonder if they spent a fraction of the massive sums wasted on R&D if they would have come up with better technology.

That's why I can't take it seriously. There's too many contradictions. If these catastrophic things are going to happen why are we wasting money on windmills.
Where's the practical threat mitigation.
Council can't even clean out drains and creeks before floods. A big factor is that we are run by idiots.
@moXJO And idiots at the top of the tree employ even worse idiots to be their underlings.
Can't have anyone with a half a brain being 2nd in charge when the top dog doesn't have much at all.
Smacks of where I did my apprenticeship al those eons ago. The biggest duds were the bosses ad nauseum
 
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