How Activity On The Sun Could Change The Economy

Forbes: Simon Constable reviews Nature’s Third Cycle: A Story of Sunspots by Arnab Rai Choudhuri.

But what has become more apparent based on more recent research from NASA is that we are now in a period of very few or no sunspots. This has coincided with the brutal winter we are going through now.

The question is whether we will enter another grand solar minimum just like the Maunder minimum which if history is a guide would mean a period of much colder weather winters and summers. More than a few experts with whom I speak regularly believe that we shall enter such a grand minimum along with the resulting bone-chilling weather.

If that happens, then there will be profound influences on the economy, including possible crop failures and rising energy use for home and workplace heating. Or in other words, expect bigger bills for food and energy. After a period in which the supply of both has been increasingly abundant then this change will likely come as a shock to many people and likely the broader global economy as well.

Read the full article HERE.

 

 

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