Disaster

In response to the historic flooding in Texas, the head of the Federal Emergency Management Agency (i.e. FEMA) was quoted by CNN saying that his agency is gearing up for a years-long effort to help the recovery from the damage wrought by Hurricane Harvey. "FEMA is going to be there for years," administrator Brock Long said Sunday on CNN's "State of the Union." He said that "this disaster is going to be a landmark event."

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Courtesy of Weather Channel weather producer, Matthew Sitkowski, here is a photo of what Houston's East Loop at Market Street on the I-610 looks like right now. As Sitkowski says, "this image and the forecast of what is still to fall.... This is surreal." He is right: we added a photo of the same location from February 2016 to show the "before and after." Here is the result:

The following time-lapse video shows the Buffalo Bayou next to Houston rising over the past day...

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Gartman has done it again.

Yesterday, on CNBC the world-renowned commodities guru predicted that Hurricane Harvey would be a mostly a non-event, saying that he "doubts Harvey gets much past a Category 1 hurricane",  and that "this is going to be a short-term event."

The storm "could be very serious. My guess is that it shan't be," he said...

http://player.cnbc.com/p/gZWlPC/cnbc_global

... to which our response was simply "bye Texas":