The New Federal Reserve HQ
The Federal Reserve is nearly done completing its revamp of its Washington, DC, headquarters with a price tag of $2.5 billion. The luxurious facility has come under intense scrutiny as [...]
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.
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