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El Niño + global warming = long-term EM headache

“The Boy” is back
Much ink has been spilled – not least by ourselves –  on the potential impacts of the return of El Niño conditions on commodities and economies. It’s fair to say that some of the analysis we have stumbled across has been towards the hyperbolic end of the spectrum; we surely can’t have been the only ones to have raised a quizzical eyebrow when hearing some very serious people implicate El Niño-related climate extremes in dynastical declines and civilisation collapses over the ages.

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