Tag Archives: California Wildfires

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Cumberland Advisors Market Commentary – Wildfires Out West

Author: Patricia Healy, CFA, Post Date: October 8, 2020
Patricia Healy, CFA

On Sunday, Bloomberg reported that this year’s California fires had scorched more ground than the last three years of fires combined. Higher temperatures and greater winds have contributed to the spread. Year-to-date, the California fires have covered 4 million acres in 8,200 fires throughout the state. Some 8,400 homes and buildings have been lost, and […]

Cumberland Advisors Market Commentary – Wildfire: Correction and Addition

Author: David R. Kotok, Post Date: September 22, 2020
Cumberland Advisors Market Commentary - Wildfire Correction and Addition

In our recent commentary “Wildfire: More Than a Song” https://www.cumber.com/cumberland-advisors-market-commentary-wildfire-more-than-a-song/, we stated that our nation’s federally owned forests “are housed in the Department of the Interior.” That is true up to a point: The Bureau of Land Management (BLM), which is an arm of the Department of the Interior, does manage 246 million acres of […]

Cumberland Advisors Market Commentary – Wildfire: More Than a Song

Author: David R. Kotok, Post Date: September 20, 2020
Cumberland Advisors Market Commentary - Wildfire More Than a Song

Let’s begin this missive with some remarks on wildfire issues from Philippa Dunne of TLR Analytics. Philippa has vast personal experience with fires and is one of our nation’s highly skilled analysts of labor data cohorts, including firefighters. “Over the last decades, yes decades, news pieces on short-handed fire-crews losing control of western fires have […]

Cumberland Advisors Market Commentary – Rome (Earth) Burns: Guess Who Fiddles?

Author: David R. Kotok, Post Date: November 12, 2019
Market Commentary - Cumberland Advisors - Rome (Earth) Burns Guess Who Fiddles (Kotok)

Climate change is real. For the sake of our children and grandchildren, we must be talking about it seriously and thoughtfully. The 25th UN Climate Summit anniversary meeting is in Madrid in a few weeks. Massively updated data are forthcoming as 200 countries participate. Only the US is in denial and withdrawal. (See “Madrid to […]

Cumberland Advisors Market Commentary – Fire and Water

Author: Patricia Healy, CFA, Post Date: November 1, 2019
Market Commentary - Cumberland Advisors - California - A Note on the Fires

The fires engulfing parts of California are feared to become the nation’s worst fire disaster, possibly surpassing 2017 and 2018 fire events. Spurred on by wind gusts of up to 80 mph, this disaster harkens back to Superstorm Sandy, which occurred seven years ago, in October 2012. Superstorm Sandy soaked the Northeast, and its 80-mph […]

January 25th and California Fires

Author: David R. Kotok, Post Date: December 5, 2018
GIC & USFSM - Adapting to a Changing Climate - Challenges & Opportunities

The January 25th GIC-USFSM conference on adaptive climate change, Adapting to a Changing Climate: Challenges & Opportunities, to be held at the University of South Florida Sarasota-Manatee, includes discussion of fires as well as hurricanes. Here is a recent Bloomberg story for reference: “What Wildfires and Hurricanes Mean for the Global Economy” (https://www.bloomberg.com/news/articles/2018-11-22/what-wildfires-and-hurricanes-mean-for-the-global-economy). 2018 has […]

Red Tide, January 25th Sarasota Conference on Climate Change

Author: David R. Kotok, Post Date: November 28, 2018
GIC & USFSM - Adapting to a Changing Climate - Challenges & Opportunities

The January 25th GIC-USFSM conference, Adapting to a Changing Climate: Challenges & Opportunities, to be held at the University of South Florida Sarasota-Manatee, is open to the public. The sponsors, including Cumberland, helped so as to allow the cost of registration to be held to $50, a registration fee that covers the lunch.   Climate-change […]

The California Wildfires’ Financial Toll

Author: , Post Date: November 16, 2018
Cumberland-Advisors-Patricia-Healy-In-The-News

Excerpt below from “The California Wildfires’ Financial Toll” By Randall W. Forsyth, Nov. 16, 2018 1:06 p.m. ET In every disaster, natural or man-made, a price is exacted first in human terms. From the relative safety of where I write this, I can recall the damage from superstorm Sandy that crippled the Northeast six years […]

California, Land of Natural Disasters?

Author: Patricia Healy, CFA, Post Date: November 13, 2018
Market Commentary - Cumberland Advisors - California, Land of Natural Disasters

Last week we conducted a review of our California municipal bond holdings along the San Andreas Fault looking for holdings that may be more susceptible to credit deterioration in the event of a disaster. At the time, little did we know that wildfires would engulf large swaths of California. First, our hearts and prayers go […]