Monthly Archives: September 2015

Hurricane Joaquin Prompts Warnings in Bahamas; U.S. East Coast Landfall Possible

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Hurricane Joaquin became the 2015 Atlantic season’s third hurricane Wednesday morning, and hurricane watches and warnings have been issued for the Bahamas while we nervously eye its potential to affect the U.S. East Coast.

An Air Force Reserve Hurricane Hunter reconnaissance aircraft measured sufficiently strong flight-level winds and low surface pressure to prompt the National Hurricane Center to upgrade Joaquin Wednesday morning. The Hurricane Hunters found a 55-mile-wide eye, but it was open on its north side – meaning that robust thunderstorms had not fully encircled the Joaquin’s center of circulation.

Hurricane Joaquin continues to intensify slowly, as wind shear – harmful to the intensification of tropical cyclones – lessens, and a complicated atmospheric pattern makes its future track – including any potential landfall on the U.S. East Coast – extremely difficult to forecast.


Ensemble Forecast Model Tracks

Visible Satellite

Watches, Warnings

Projected Path

Late Week and Weekend Setup

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US Customs is collecting the personal information of every Amtrak passenger

amtrak tsa

Documents released by Amtrak suggest that since 2012, US Customs and Border Protection (CBP) has had direct access to Amtrak’s reservation system, possibly including access to reservations for Amtrak passengers traveling entirely within the USA.

The Amtrak documents Papers Please received are the fourth in a continuing series of long-overdue interim responses (1st interim response, 2nd interim response, 3rd interim response) to a FOIA request they made in October 2014 for records related to Amtrak’s data-sharing and other collaboration with DHS and other US and foreign law enforcement agencies.

You read that right, foreign law enforcement agencies have access to EVERY Amtrak passenger’s personal information!


Saudi Prince Calls For Royal Coup

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Saudi King Abdullah

In the wake of the petrodollar’s dramatic collapse late last year, we’ve been keen to document the projected effect on global liquidity of net petrodollar exports turning negative for the first time in decades. We also moved to explain how this dynamic relates to the FX reserve liquidation we’re now seeing across EM.

Of course we’ve also endeavored to explain that while grasping the big picture is certainly critical (and even more so now that China’s efforts to support the yuan in the wake of the August 11 deval have thrust FX reserve liquidation into the spotlight), understanding what “lower for longer” means specifically for Riyadh is important as well.

To recap, the necessity of preserving the status quo for everyday Saudis combined with funding two regional proxy wars while simultaneously defending the riyal peg isn’t exactly compatible with intentionally suppressing crude prices in an effort to outlast ZIRP and bankrupt the US shale complex. The difficulty of balancing all of this has created a current account/fiscal account outcome that makes Brazil look quite favorable by comparison and it has also forced the Saudis into the debt markets, suggesting that the kingdom’s debt-to-GDP ratio is set to rise sharply by the end of 2016 (although it would of course still look favorable by comparison in even the worst case scenarios).


Nobel secretary regrets giving Obama Peace prize [VIDEO]

Published on Sep 30, 2015

Former secretary for the Nobel Peace Prize committee, Geir Lundestad, recently released a book titled, “Secretary of Peace: 25 Years With the Nobel Prize.” In it, he details how the committee regretted their decision to give President Barack Obama the Peace prize in 2009. Now, the committee is angry at Lundestad for sharing committee secrets. The Resident discusses. Follow The Resident at

Barack Obama the Nobel Peace Prize Winner

Edward Snowden joins Twitter [VIDEO]

Published on Sep 29, 2015

Former National Security Agency contractor and whistleblower Edward Snowden joined Twitter on Tuesday, quickly gaining over 700,000 followers. RT’s Manuel Rapalo discusses Snowden’s debut and how Twitter makes him more accessible through social media.

snowden can you hear me now