Posted Feb 12, 2014 by Martin Armstrong
Global Warming is clearly a bunch of hot air. It seems to be a theory made up by a bunch of guys that got drunk one night and said – Hey man! It is warmer this season than last! Wow! We must have caused that man! Word! This is the coldest year day after day on a consistent basis I can remember in my life. Environmentalists and Democrats love to claim that there is a “97 percent” consensus among climate scientists about global warming. However, they choose to ignore the fact that 95 percent of those climate models predicting global temperature rises have been wrong.
This entire theory is nonsense and it arises from the same idiotic concept that fails to recognize that there is a cycle to everything from the way your thoughts are formed in your brain (brain waves), the beat of your heart, to the 4 seasons. This is up there on the list a really stupid ideas like the random walk hypothesis that was devised because the markets went up and down rather than in a straight line and people could not predict that.
The Random Walk Theory stating that stock market prices evolve according to a random walk like a drunk staggering down the street making them unpredictable was the theory to explain total failure to understand how the economy functions. The concept can be traced to French broker Jules Regnault who published a book in 1863, and then to French mathematician Louis Bachelier whose Ph.D. dissertation titled “The Theory of Speculation” (1900). These same ideas were later developed by MIT Sloan School of Management professor Paul Cootner in his 1964 book The Random Character of Stock Market Prices. The theory was then popularized by the 1973 book, A Random Walk Down Wall Street, by Burton Malkiel, who was a Professor of Economics at Princeton University. This was used earlier in Eugene Fama’s 1965 article “Random Walks In Stock Market Prices”, that was the foundation for his Ph.D. thesis. The theory that stock prices move randomly was earlier proposed by Maurice Kendall in his 1953 paper, The Analytics of Economic Time Series, Part 1: Prices
Both theories of Random Walk and Global Warming are failures to understand the cyclical nature of the universe and that we oscillate between two extremes in everything. We have even male and female. There are two opposites that make everything function right down to our concept of God and the Devil, good and evil, etc.. These crazy people actually proposed that the government spend money to create a machine to reverse global warming. Simply breathtakingly brilliant.