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Wednesday, June 21, 2017

Monday, June 5, 2017

We are not over the California drought yet……

……Those four and a half centuries of data revealed that the median recovery time for a dry spell like the one that happened between 2012 and 2015 was 39 years. And say you don’t trust those historical reconstructions? Using just the instrument data, the median recovery time is still 29 and a half years. That puts a two-year recovery like the one California just saw at the skinny end of the distribution—a 1 percent chance.