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Winter Storm Juno: Blip On Economic Radar?

ECONOMISTS AREN’T SWEATING BIG BLIZZARD … || By FITSNEWS || Remember last year when a severe winter storm decimated first quarter economic growth?  Because we do. Well guess what … that pesky “global warming” is back. Winter storm Juno is the latest, greatest meteorological threat to the U.S. economy ……

ECONOMISTS AREN’T SWEATING BIG BLIZZARD …

|| By FITSNEWS || Remember last year when a severe winter storm decimated first quarter economic growth?  Because we do.

Well guess what … that pesky “global warming” is back.

Winter storm Juno is the latest, greatest meteorological threat to the U.S. economy … and as the system prepares to dump two feet of snow (or more) on the northeast, analysts are beginning to assess its potential impact on our “recovering” economy.

“This will most likely be one of the largest blizzards in the history of New York City,” Big Apple mayor Bill de Blasio said. “This is not a typical storm. It’s going to pack a punch.

So far, economists don’t appear to be terribly concerned, though …

“Based on the timing of the storm (we) suspect the impact on the January employment data will be near zero,” an analyst for Stone & McCarthy wrote.

And what about February?

“As for the impact on the February payroll and household employment data we wouldn’t expect much of an impact,” the analyst noted.

Concurring is Joseph A. LaVorgna – who is Deutsche Bank’s top U.S. economist.

“Given its late month timing, winter storm Juno is unlikely to have a big impact on the economic data,” he tweeted.

Hmmmmm ….

In other words all those people who are out of labor force … will remain out of the labor force.

Of interest will be Juno’s impact on retail figures for January.  Last month was an unexpectedly terrible print for retail – and a second consecutive weak month could conceivably be blamed on a storm like this (even if Juno is affecting a smaller area of the country than last year’s “polar vortex“).

***

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21 comments

Poster January 26, 2015 at 3:09 pm

Global warming, ha! I mean sure there is more water in the atmosphere more often in winter making bigger snowstorms the norm but God, not higher heat in tropics make the water rise in the air! Liberal scientist call the heating of water that rises in the air “evaporation” but that sounds like the Devils things to me.

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cuvinny January 26, 2015 at 3:22 pm

“Well guess what … that pesky “global warming” is back.”

It was the hottest year on record in 2014 ( http://www.washingtonpost.com/news/energy-environment/wp/2015/01/23/sorry-skeptics-nasa-and-noaa-were-right-about-the-2014-temperature-record/ )….

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Farley Chickson January 26, 2015 at 3:24 pm

Damn you people are depressing.

Try some of this!!!! OH MY!!!

Sing it Barry!!!

https://www.youtube.com/watch?v=V6NVnKFyY24

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Farley Chickson January 26, 2015 at 3:27 pm

According to NASA’s own data via Remote Sensing Systems(RSS), the world has warmed a mere .36 degrees Fahrenheit over the last 35 years (they started measuring the data in 1979).

Hardly anything to panic about; however, that does mean the world is warmer, right?

The problem with that argument is that we experienced the bulk of that warming between 1979 and 1998 . . . since then, we’ve actually had temperatures DROPPING!

Read Latest Breaking News from Newsmax.com http://www.Newsmax.com/MKTNews/global-warming-hoax-facts/2014/10/17/id/601458/#ixzz3Pxeyt5vP

Reply
grandtangosuglydog January 26, 2015 at 4:59 pm

and you post a link to newsmax…the msnbcx1000000 of the lunatic right…LOLOLOL try some facts..why do i bother?

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MommaTango January 26, 2015 at 5:19 pm

This little hussy won’t stay away from my little man, trying to pervert him with this kind of nonsense! Lord have mercy, my little boy already has enough trouble with the nonsense already in his head!

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easterndumbfuckistan January 26, 2015 at 4:09 pm

You mean a 38% to 48% chance that 2014 was the warmest year on record, or at least that’s what NASA and NOAA say.

http://www.ncdc.noaa.gov/sotc/briefings/201501.pdf

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grandtangosuglydog January 26, 2015 at 4:59 pm

Warmest year on
record: 0.69°C /
1.24°F higher than
20th century average
• Global ocean surface
record warm
• Global land surface
4
th warmest on record
ALL this is on the first page of your link..did you even read what you quoted cause everything you wrote is utter crap..at least according to the link you yourself posted..LOLOLOL..i know a couple guys you will get along with..one will quote in 3, 2, 1..go asshat/flip/farley or whomever you are pretending to be today..

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easterndumbfuckistan January 26, 2015 at 5:26 pm

Read slide 5. It clearly shows the chance of the warmest year ever being 2014 as 48% by NOAA and 38% by NASA. There isn’t enough data.

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idcydm January 26, 2015 at 7:30 pm

Looks like Mother Nature is going to dump a couple of feet of Global Warming on New York City.

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FastEddy23 January 26, 2015 at 8:06 pm

Watch Utube for the best snow plow screw-ups g’ment money can buy … It’s gonna be great!

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FastEddy23 January 26, 2015 at 7:41 pm

Road Apples.

More cold records were set than warm records. More precipitation records were set than drought records. The Antarctic ice cap expanded to record levels. The Arctic ice cap was as big as any in the last five years.

The only place showing a warming trend was the Ocean surface temperatures near the Equator … Which coincidentally happens to be where all of the NOAA cruise ships spent most of their time.

Hey, gooberment spends money on cruise ships for global worms and what do you suppose they report? Weather? … Or scary weather?

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Sarah Failin January 26, 2015 at 10:58 pm

“More cold records were set than warm records”
Really? Can I get a reference? Is this for the world? The Eastern United States (I could actually believe that)?

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GrandTango January 26, 2015 at 4:08 pm

Flat Earth Society Much?

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Farley Chickson January 26, 2015 at 4:31 pm

Hey GT.Had to change my s/n as Disqus wouldn’t allow me to post under ‘Flip’ or connect with my Facebook.Weird.

I am sure you didn’t notice the similarity in writing styles between Flip and Farley? :-)

Reply
euwe max January 26, 2015 at 11:19 pm

Erosion of the coast… warmest year… floods… hurricanes…

I don’t understand if things are so bad, why it’s so nice in *here*!

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FastEddy23 January 27, 2015 at 4:52 am

It appears the Gruber-ment mentality has infected the weathermen.

Fear mongering aside, how many actual, serious storms have hit the East Coast in the last few years? … Sandy? … Katrina? … “Juno” = LOL!

“Everybody talks about the weather but nobody does anything about it”?

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euwe max January 27, 2015 at 5:00 am

It’s almost like the scientific method is striving for respect or something.

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FastEddy23 January 27, 2015 at 11:32 am Reply
Rocky January 27, 2015 at 9:27 am

4-6 inches in NYC – guess it won’t even register on the economy.

Reply
idcydm January 27, 2015 at 12:23 pm

Looks like those computer models aren’t what they’re cracked up to be, except of course for runs on grocery and liquor stores.

Reply

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