1 - Hurricane Michael is ’100 year’ storm, Gov. Rick Scott warns
Hurricane Michael, which intensified into a Category 4 storm overnight, is expected to make landfall at that strength near Panama City later Wednesday. Forecasters said the storm's winds had reached 145 mph and that the hurricane could bring 9 to 13 feet of storm surge along the coast — unprecedented for a region that has not seen a Category 4 landfall since records began in 1851.
This is going to be a storm with huge impact. It will cause massive damage and be difficult for oil producers in the Gulf of Mexico, something I mentioned in my last post on $100 oil.
2 - The market has been unable to rally after last week's sell-off
So far the market has been unable to rally after last week's sell-off and today's decline is extend...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.