July 1, 2015
Snow Drought Saps Washington State’s Economy
But this year, the Olympics recorded virtually no snow in all but the highest peaks. The May 1 reading of zero snowpack in the rugged range northwest of Seattle was the lowest since records there began in 1948, and came as statewide snow accumulations totaled a paltry 16% of normal.
Call me crazy, but I predict that the zero snowpack record low will stand for all eternity, or at the very least until mankind invents an unsnowing machine.
Goldman on Employment Report and FOMC
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A few excerpts from a Goldman Sachs research note:
Nonfarm payrolls rose 256k in December, well above consensus expectations.
... The household survey was...
3 hours ago
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