![]() ![]() There are other stocks with retail interest. Is it idiosyncratic risk? Is it overleveraged naked-short positions? DRS? Retail interest? So the question I wanted to answer is, why? it outperforms in almost every metric since 2020. Even when compared to other stocks in the basket like AMC, BBBY, etc. There is no doubt that it's behavior remains abnormal. ![]() Even for me, after all this time it is hard not to place GME on a pedestal. To view GME from it's importance in the macro environment you need to shed a lot of false assumptions about it's relevance or potential as it is viewed by many who invest in it. A step back is sometimes necessary to improve objectivity. It was important for me to try to look at GME in a different light. Without the pressures placed on the research process from the investor community that surrounds this stock. I wanted to approach analysis of GME from a place of neutrality again. It's not that the DD is done, it never is.īut, I wanted to be sure of some things I have thought for a long time before I presented anything. "From an economic point of view, the cost will be high.It's been a while since I last wrote anything extensive on GME. so the cows can continue producing milk," he said. "That is the biggest concern," Colson said.ĮU corn production is expected to be 12.5 million tons below last year and sunflower production is projected to be 1.6 million tons lower, according to a report from S&P Global Commodity Insights.Ĭolson expects at least a 30% drop in corn yield, a major problem for feeding his cows. The 31-year-old head of the local Jeunes Agriculteurs (Young Farmers) union said he has been forced to dip into his winter supply of fodder in August. In normally green Burgundy, home to the source of Paris' Seine River, the grass has turned yellow-brown and tractors churn up giant clouds of dust.īaptiste Colson, who owns dairy cows and grows feed crops in the village of Moloy, said his animals are suffering in the drought, with the quality and quantity of the milk decreasing. Some European farmers are using water from the tap for their livestock in areas where ponds and streams have gone dry, using up to 100 litres (26 gallons) a day per cow. In the Spanish region of Andalucia, some avocado farmers have had to sacrifice hundreds of trees to save others from wilting as the Vinuela reservoir in Malaga province dropped to only 13% of capacity, down 55% from a year ago. ![]() The Rivers Trust charity said England's chalk streams - which allow underground springs to bubble up through the spongy layer of rock - are drying up, endangering aquatic wildlife like kingfishers and trout.Įven in countries like Spain and Portugal, which are used to long periods without rain, there have been major consequences. Firefighters are battling an unprecedented number of grass fires and people in several areas have been banned from watering their lawns.Ī goose looks for water in the dried bed of Lake Velence in Velence, Hungary, Thursday, Aug. The drought also has affected southern England, which received only 10% of its average rainfall in July. Stretches of the Po, Italy's longest river, are so low that barges and boats that sank decades ago are resurfacing. Aeration and water circulation equipment have been installed to protect wildlife, but water quality has deteriorated to the point that a ban on swimming was imposed at one beach on weekends. In neighboring Hungary, wide parts of popular Lake Velence near Budapest, have turned into patches of dried mud, beaching small boats. On the Danube, authorities in Serbia have started dredging sand to deepen the waterway and keep vessels moving smoothly. The Rhine could reach critical low levels in the coming days, making the transport of goods - including coal and gasoline - increasingly difficult. The drought has caused some European countries to impose restrictions on water usage, and shipping is endangered on the Rhine and the Danube. Hoffmann said observations in recent years have all been at the upper end of what the existing climate models predicted. The reverse is also true, when a polar vortex of cold air from the Arctic can cause freezing conditions far south of where it would normally reach. Climate Climate change is killing people, but there's still time to reverse the damageĪ weaker or unstable jet stream can result in unusually hot air coming to Europe from North Africa, leading to prolonged periods of heat. ![]()
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