Disaster

Live CBS Coverage:

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":

Following WTI crude's drop yesterday - apparently on reduced refinery demand due to Hurricane Harvey - RBOB gasoline is now tumbling, erasing yesterday's Harvey-related gains, as traders realize the short-term supply disruptions are offset by significant inventories.

Hurricane Harvey, which until this morning a Tropical Storm, is now set to be the first hurricane to strike the Texas coast since 2008. According to the NHS, which issued a hurricane warning from Port Mansfield to Matagorda, TX including Corpus Christi, Harvey is "rapidly intensifying", and is forecast to be a "major hurricane."

Authored by Adam Taggart via PeakProsperity.com,

Remember the crisis earlier this year at the Oroville Dam?

The overflow from California's winter of heavy rain threatened to overpower our country's tallest dam. A cascading failure of the dam's main gates, its primarily spillway AND its emergency spillway had the world watching hour by hour to see if a catastrophic breach was going to occur.