Friday, June 3, 2016

JUNE 3 - PARIS SUMMIT TODAY

Two posts today: this one and CALIFORNIA'S WOES below.

Multiple interesting news events as the Paris Summit starts today.

Beginning with France:

French President François Hollande on Thursday declared the region around Paris a natural disaster area

As Rail Workers Go On Strike In France, Hollande Scrambles For Calm

Muslims are setting Paris on fire, turning it into a war zone

Germany has not escaped the flooding.

ANOTHER deadly wave of flooding devastates German region

And the U.S. saw multiple terrible events yesterday.

First, historic flooding in Texas continues.

Record-breaking floods continue in Texas, state of disaster declared for 31 counties

And, alarmingly, three of our military branches saw tragedy yesterday.

Army truck swept away in Texas flood killing 5, 4 missing

Blue Angel crashes in Smyna, Tennessee, while practicing for air show

Air Force Thunderbird F-16 crashes in Colorado, moments after flying over President Obama

The Weather Channel reported this morning that a severe weather system is setting up that could impact Washington, D.C., on Sunday. Again, we've seen this pattern before of severe weather (or some other very newsworthy event) in the 24-48 hours after pushing peace talks on the Israelis.

Severe thunderstorms with large hail and damaging winds possible (along with heavy rain) from the Mid-Atlantic to the eastern Carolinas (isolated tornadoes possible)

Florida may be under the gun for a possible tropical storm.

A Tropical Depression or Tropical Storm May Develop in the Gulf of Mexico Next Week, Soaking Parts of Florida

And you may not have heard much about T.S. Bonnie any more, but she's dropped 13 inches of rain on Cape Hatteras since May 30, and is now starting to move away from the coast.

Bonnie moving out to sea after dropping 13 inches of rain on Cape Hatteras

On June 1, a new update on the Atlantic hurricane season was issued.

Atlantic hurricane forecast: Experts predict first above-normal season in 3 years

For those keeping count . . .

U.S. Hits Record 127 Months Since Major Hurricane Strike

Economic warnings:

As noted in yesterday's post, Venezuela is in the throes of economic collapse. Despite that President Obama boasts again, ahead of the Paris Summit: The Economy Is Better Off Now Than When I Started and that anyone who says otherwise is 'peddling fiction.'

Here are some of those 'fiction peddlers.'

Alan Greenspan warns Venezuelan chaos is coming to the U.S.

Albert Edwards warns we could witness the largest stock market crash in decades … as much as a 75% plunge in 2016

Andrew Smithers warns “U.S. stocks are now about 80% overvalued.”

Dale Davidson warns 50% market collapse is looming

Fabian Calvo warns This Hyper Bubble Is Not Just Real Estate. It’s Stocks, Government Debt and The Dollar, As Well

Jeff Gundlach warns of "Massive Anxiety" about the market

Marc Faber warns stocks will fall, dollar will collapse

Martin Wolf warns there will be another “Huge” financial crisis

Richard Turnill, World's Largest Asset Manager, downgrades U.S., Global Equities To Neutral

Yale’s Shiller Warns Over Another Possible Housing Collapse