Sun Storms May Disrupt Global GDP Growth, Or Not

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Dr. Thomas Bogdan of the National Oceanic and Atmospheric Administration’s Space Weather Prediction Center in Boulder recently expressed concern that solar activity could disrupt satellite communication, GPS accuracy and electrical power. He said that the sun has become more active, the early stages of sun storms which run in 12 to 13 year cycles. Bogdan expects a peak of this activity in 2013. If it is similar to the largest solar storms recorded 1859, much of the world’s communications and electric grids could be severely damaged.

Solar storms can be added to global warming, commodities price inflation, government unrest in the developed world, and real estate bubbles in China as events which could derail GDP growth. The trouble could be very acute if a number of these things happens together. The ocean could rise several feet and swamp Manhattan’s financial district. Solar flares might prevent people from driving with GPS-based technology.

The numbers of things that might bring the world’s economy to its knees increases almost continuously now, and the growth of them shows no sign of stopping.

Scientists say that solar storms present a danger, but, when pinned down, there is not a consensus. Sun flare predictions are a concern like global warming is. Is the unusually weather unusually warm because of an ozone whole or because of hundred-year cycles that warm and in turn cool the Earth’s atmosphere?

Solar storms could halt modern life as we know it, at least for a time. But, we will have to wait to see if the prediction is half-cocked like forecasts of meteors that will destroy the world, or an event that will stop much of civilization in its tracks.

Douglas A. McIntyre

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

Continue Reading

Top Gaining Stocks

CBOE Vol: 1,568,143
PSKY Vol: 12,285,993
STX Vol: 7,378,346
ORCL Vol: 26,317,675
DDOG Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ Vol: 4,367,433
CLX Vol: 13,260,523
SYK Vol: 4,519,455
MHK Vol: 1,859,865
AMGN Vol: 3,818,618