Barry Ritholtz Gets Medieval on Bank Earnings Forecasts
Why Oh Why Can't We Have a Better Press Corps?

Western U.S. Precipitation Since July...

Inches of Rain:

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Percent of Average:

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I know, I know that California has two normal climate modes:

  • One in which there is a substantial amount of rain in December, in which people then write "ZOMG!! BUILD AN ARK!!" stories, and in which January is then relatively dry and things are about normal.

  • A second in which there is little rain in December, in which people then write "ZOMG!! WE'RE ALL GOING TO DIE, CLUBBING EACH OTHER WITH THE GOLD BARS IN OUR BASEMENT AS WE TRY TO GRAB HOLD OF THE LAST DROPS OF WATER!! stories, and in which January is then relatively wet and things are about normal…

But, guys, it's January 9 already. We had our very dry December. Where is our wet January? (Looks at to sea…)

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