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Texas Church Shooting Leaves 26 Dead; Suspect Was Dishonorably Discharged From Air Force

Update (8:50 pm ET): Trump offered his condolences for victims and their families after today's "horrific" shooting during a press conference in Japan. "Victims and their families were in their sacred place of worship. We cannot put into words the pain and grief we all feel," Mr. Trump said in televised remarks. "In dark times […]


Real Personal Spending Drops Most Since Jan 2016

Growth in income and spending has been trending slower for the last six months and August showed continued weakness in spending (slowest annual growth since Aug 2016) but a slight uptick in incomes. The savings rate was unchanged at 3.6% – the lowest since December…   But perhaps most noteworthy is the 0.1% MoM drop […]


Irma’s Last-Minute Westward Shift May Have Saved Florida $150 Billion In Damages

As it traversed the state of Florida, Hurricane (now tropical depression) Irma left a trail of destruction not seen since Hurricane Andrew hammered the state in 1992. But despite the rising death toll, historic flooding and a ruined power grid that could take weeks to repair, meteorologists say Floridians should consider themselves fortunate. Because it […]


Mind The Chemtrails: US Air Force Dispatches Sprayer Aircraft In Response To Harvey

Via StockBoardAsset.com, The Pentagon has just dispatched C-130H Sprayers from the Air Force Reserve’s 910th Airlift Wing residing in Youngstown, Ohio to Texas in response to Hurricane Harvey. The aircraft are outfitted with spraying equipment tasked with ‘minimizing the impact of the brutal storm’s aftermath’. According to the article, the specially outfitted C-130Hs can spray wide […]


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 […]


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 […]


Futures Flat As Gasoline Soars On Harvey Devastation, Rising Euro Sends European Stocks Lower

With billions in economic losses and unknown supply chain shocks to come following devastating and historic flooding in Texas, S&P futures are virtually unchanged (down less than 0.1% at time of writing) while European and Asian shares are modestly lower as oil was little changed. As reported yesterday, gasoline futures surged as the greater impact […]