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Jobless Claims Spike Most Since 2005 Amid Harvey Hangover

Initial jobless claims spiked 62k last week – thanks to a 51k surge in Texas – as the impact of Hurricane Harvey ripples (transitorily) through economic data. This 26% spike in claims is the largest since 2005 (and biggest absolute rise since 2012). The 298k print is the highest since April 2015. The results are […]


Barbuda “Totally Demolished” After Hurricane Irma Levels 90% Of All Dwellings

Having mauled the Caribbean island of St. Martin overnight, where this morning the French government said that the four “most solid” buildings have been destroyed, Hurricane Irma – now at 185mps for a record 33 straight hours – has just passed north of Puerto Rico, buffeting the US island territory’s capital, San Juan, with heavy […]


“Devastating” Hurricane Irma Flattens “Most Solid” Buildings On Caribbean Island

Irma is the kind of storm where you get thousands of lives lost. This is not going to be the big slow-motion flood like Harvey – this is a real, honest-to-God hurricane.        – Chuck Watson, disaster modeler with Enki Research Hurricane Irma, the most powerful Atlantic storm on record according to the NHC, raced […]


“Monster” Irma Is Now The Strongest Atlantic Hurricane On Record As Florida Preps For “Catastrophe”

Update 3: The Irma hits just keep on coming, with the NHC Atlantic Ops twitter page reporting that as of this moment, Irma is now the stronger hurricane in the Atlantic basin outside of the Caribbean Sea and Gulf of Mexico in NHC records. “Preparations should be rushed to completion in the hurricane warning area,” […]


Miami Mayor: “Expect Evacuation Order On Wednesday Or Thursday”

With Hurricane Irma, now an “extremely dangerous” category 5 storm bearing down on southeastern Florida, the Miami Herald reports that Miami Mayor Carlos Gimenez has told reporters that an evacuation order was "probably coming late Wednesday or early Thursday." According to the latest forecasts, the storm is expected to make landfall in the US this […]


Barclays: “Hurricane Irma’s Insured Damage Could Be The Largest Ever”

Hurricane Harvey was supposed to be a “1 in a 1000” year storm, in terms of damage. Well, just a few days later we have another “monster” storm to account for, and according to Barclays’ analyst Jay Gelb, Hurricane Irma’s insured damage in Florida could equal that inflicted by Hurricane Katrina in 2005. Actually scratch […]


Panic Prepping Begins In Florida As “Monster” Irma Looms

Authored by Michael Snyder via The Economic Collapse blog, On Monday, Hurricane Irma strengthened into a category 4 hurricane, and today became an "extremely dangerous" category 5 hurricane, with some meteorologists are projecting that it will remain so until it eventually makes landfall in the United States.  And since a “category 6” has not been […]


Hurricane Irma Strenghtens To “Extremely Dangerous” Category 5, Eastern Caribbean On Lockdown

Irma has strengthened to an “extremely dangerous” Category 5 hurricane, the National Hurricane Center said in its advisory at 7:45am AST. According to the Hurricane center, NOAA and Air Force hurricane hunter aircraft data indicate Hurricane Irma has intensified into an “extremely dangerous” Category 5 hurricane on the Saffir-Simpson Hurricane Wind Scale with maximum winds […]


Texas Governor: “Harvey Could Cost Up To $180 Billion”

Texas Governor Greg Abbott said on Sunday that it could cost as much as $180 billion to rebuild Texas following Hurricane Harvey, more than four times what most experts expected ($40 billion). If accurate, Harvey would beat out Hurricane Katrina (total: $160 billion) for costliest storm in US history. “Katrina caused if I recall more […]


5 Charts Showing Where Hurricane Irma Might Land

For anyone wondering why meteorologists can’t say for certain where Hurricane Irma – now a category 3 storm – might land in the US, Jonathan Erdman, a senior meteorologist at Weather.com, has an explanation. First, let’s look at the National Hurricane Center current forecast cone, a five-day forecast. According to NHC statistics, the average error […]


Harvey’s Destruction “May Have Solved The Auto Industry’s Inventory Problem”

On Tuesday, during the peak of the Harvey-related flooding, we reported that the hurricane may leave a greater trail of automobile destruction than even Katrina, the most expensive natural disaster in US history. In August 2005, Katrina wiped out some 500,000-600,000 vehicles but William Armstrong of CL King warned that Houston has about 5x more […]


Harvey May Be “Costliest Natural Disaster In US History” With $190 Billion Price Tag

Tropical Storm Harvey made its second landfall near Cameron, La. on Wednesday after slamming Houston with a staggering 50 inches of rain, the largest rainfall ever recorded in the Continental US. Since the damages to HoustonGiven the unprecedented devastation, which will likely leave large swaths of Houston, America’s fourth-largest city, uninhabitable for weeks if not […]


As Harvey Moves Inland, A New Hurricane Is Forming Over The Atlantic

Update: According to the NHS, Atlantic Tropical Storm Irma has formed, and could be a Hurricane by Friday. With top winds of 50 miles (80 kilometers) per hour, Irma formed 420 miles west of Cabo Verde moving west at 13 mph, the U.S. National Hurricane Center in an 11 a.m. N.Y. time advisory. According to […]


As Harvey Moves Inland, A New Storm Is Brewing Over The Atlantic

Via StockBoardAsset.com, The National Hurricane Center (NHC) will be initiating advisories at 11 AM AST, as the new area of low pressure in the eastern Atlantic Ocean will develop into Tropical Storm Irma. Tropical Storm Irma will become the 9th storm of the 2017 Atlantic hurricane season as it moves towards the Gulf of Mexico […]


Harvey Makes Second Landfall In Louisiana After Leaving “Apocalyptic” Flooding, Record Rainfall In Texas

Five days after it first plowed into southwest Texas as a category 4 hurricane, Tropical Storm Harvey has made second landfall west of Cameron on the border between Texas and Louisiana, early Wednesday according to the National Hurricane Center. The storm, which has already pummeled the city of Houston with more than 50 inches of […]