Worst Drought in Capetown in 112 Years – Part of the Cycle

QUESTION: Marty,

Any thoughts/comments regarding the impending water shortage in Capetown? As a person who has much historical knowledge, are you aware of a major city such as Capetown ever running out of water? Or is this truly a historical first?

Love your blog as it covers so much information and isn’t just corporate financial data like so many others.

Your loyal reader from

Alan.

ANSWER: South Africa will score this season the worse drought since 1904 right on schedule on the 112-year cycle (1/2 224). We must respect that the climate is changing back to a dry cold period and this has impacted South Africa. This is also part of the cycle we see with rising food prices into 2024. Just as we have seen the coldest periods in the USA back to 1899, we are witnessing the worst drought in Capetown also back to the same general period. Unfortunately, yes they can run out of water on this cycle. It will be a very close call.

 

Latest Posts

Market Talk – September 6, 2024

ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 decreased 265.62 points or -0.72% to 36,391.47 • Shanghai decreased 22.51 points or -0.81% to 2,765.81 [...]
Read more

The Jobs Number & Russia

The U.S. economy added fewer-than-expected new jobs last month because most economists still refuse to comprehend that there is such a thing as the business cycle. Here we have the [...]
Read more

PRIVATE BLOG – Answering Your Questions

PRIVATE BLOG – Answering Your Questions Private blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com. https://ask-socrates.com/
Read more