America

Hurricane Harvey has unleashed unparalleled devastation on southwest Texas, flooding Houston, the fourth largest city in the US, and many towns along the Gulf coast from Galveston, to Port Lavaca and beyond. But even Harvey’s 130 mph winds aren’t strong enough to threaten the ironclad balance sheets of America’s largest insurers, which have amassed a “fatter-than-ever” capital cushion capable of absorbing any payouts related to what looks to be, by several measures, one of the worst hurricane in US history, according to the Wall Street Journal.

Trump’s Big Decision: Why Not Danielle DiMartino Booth For A Fed Post?

Written by Peter Diekmeyer, Sprott Money News

Lead photo by Rose Baca of the Dallas Morning News.

US President Donald Trump’s decision about who will replace Janet Yellen when her Federal Reserve chairmanship expires in February will be the biggest of his Presidency.

After the media lashed out at right-wing extremists in the aftermath of the tragic violence in Charlottesville, the tide now appears to be turning against the all-black-clad "Antifa."

For the first time since the campaigns began late last year and protests broke out, The Washington Post unleashed this shocking headline.

Their faces hidden behind black bandannas and hoodies, about 100 anarchists and antifa - “anti-fascist” - members barreled into a protest Sunday afternoon in Berkeley’s Martin Luther King Jr. Civic Center Park.

 

Via Global Macro Monitor,

We have posted several pieces over this year noting the high correlation of gold and 10-year bond futures. See here, here and here.

Based on the number of people affected, amount of water involved, and other factors, meteorologists have warned, there may be no parallel available to any other rainstorm in U.S. history as Mashable's Andrew Freeman reports Tropical Storm Harvey has dropped more than 11 trillion gallons of water on Texas, triggering catastrophic, unprecedented flooding in the Houston area.