The Smart Money in Europe is once again moving towards the warmth of southern Spain.
Perhaps the Smart Money has been reading Piers Corbyn at WeatherAction.com.
Possibly the Smart Money remembers the winter of 2009-10.
The winter of 2009–2010 in Europe was unusually cold. Globally, atypical weather patterns brought cold, moist air from the north. Weather systems were undergoing cyclogenesis from North American storms moving across the Atlantic Ocean to the west, and saw many parts of Europe experiencing heavy snowfall and record-low temperatures.
This led to a number of deaths, widespread transport disruption, power failures and the postponement of a number of sporting events.
Doubtless the Smart Money remembers the cold in February 2012.
The Early 2012 European cold wave was a deadly cold wave that started on January 27, 2012 and brought snow and freezing temperatures to much of the European continent.
There were 824+ deaths reported.
Particularly low temperatures hit several Eastern and Northern European countries, reaching as low as −39.2 °C (−38.6 °F) in Finland.
The heaviest snow was recorded in the Balkan region.
Possibly the Smart Money has been reading about The Little Ice Age.
The Little Ice Age brought colder winters to parts of Europe and North America. Farms and villages in the Swiss Alps were destroyed by encroaching glaciers during the mid-seventeenth century.
Canals and rivers in Great Britain and the Netherlands were frequently frozen deeply enough to support ice skating and winter festivals.
The first River Thames frost fair was in 1607 and the last in 1814; changes to the bridges and the addition of an embankment affected the river flow and depth, hence diminishing the possibility of freezes.
Freezing of the Golden Horn and the southern section of the Bosphorus took place in 1622.
In 1658, a Swedish army marched across the Great Belt to Denmark to attack Copenhagen.
The winter of 1794-1795 was particularly harsh, when the French invasion army under Pichegru could march on the frozen rivers of the Netherlands, while the Dutch fleet was fixed in the ice in Den Helder harbour.
The Year Without a Summer (also known as the Poverty Year, The Summer that Never Was, Year There Was No Summer, and Eighteen Hundred and Froze to Death) was 1816, in which severe summer climate abnormalities caused average global temperatures to decrease by 0.4–0.7 °C (0.7–1.3 °F), resulting in major food shortages across the Northern Hemisphere.
Evidence suggests that the anomaly was caused by a combination of a historic low in solar activity with a volcanic winter event, the latter caused by a succession of major volcanic eruptions capped by the 1815 eruption of Mount Tambora, in the Dutch East Indies (Indonesia), the largest known eruption in over 1,300 years.
The Little Ice Age, then in its concluding decades, may also have been a factor.
But we can be certain that the Smart Money enjoys the Marbella lifestyle.