As many know, weather futures are traded in financial markets. Paul Walsh, former USAF meteorologist explains how he uses his military background to give investors weather data for commercial investment and profit. This is a 10 minute excerpt from the one hour presentation. Note the use of the military term “force multiplier.” Near the end, Paul forecasts long term for this “bizarro” winter. Remember Rosalind Peterson’s interview on In Other News when she discussed how these markets really operate?
Here is text from Global Interdependence Center – they hosted the event at the Philadelphia Federal Reserve Bank: In this presentation, learn how the convergence of new weather technology and sensing capabilities, “big data” analytics, high speed computing, and enhanced forecasting capabilities are enabling businesses and analysts to re-think how they leverage weather and environmental information to make more effective and profitable decisions.