in that sense yep .. then for your skiers and others there is the other side ..
Here comes El Nino; forgive us if we don't cheer
By Scott Sistek Published: Mar 6, 2014 at 1:17 PM PDT Last Updated: Mar 7, 2014 at 3:11 AM PDT
.. snippet ..
El Ninos -- particularly strong ones -- usually lead to warm and dry fall and winters across the Pacific Northwest, with typically below-average mountain snowpack and less frequent lowland rain and snow events.
It's particularly stinging news since we just got done rescuing our snowpack this year, which was on pace to be at just half its normal amount at the start of February until nearly 10-15 feet of snow came during the end of the month -- likely not going to happen again in an El Nino winter.
And we're not the only ones who hate to see it. According to that AP story: "Scientific studies have tied El Ninos to farming and fishing problems and to upticks in insect-born disease, such as malaria. Commodity traders even track El Nino cycles. A study by Texas A&M University economics professor Bruce McCarl found the last big El Nino of 1997-1998 cost about $3 billion in agricultural damage." Peru tends to get the worst of it, getting floods and poorer fishing.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.