Escaping the Storm (2013)

commercial airline escaping a super-cell over Montana

Looking into the future is always a dangerous practice, but the 2013 economic outlook is “stormy.” 

By the end of this year the US should know if it escaped the clouds or not. 

Here is a general forecast for a perfect global storm which may occur in 2013 (Roubini):

Factors that might contribute to a massive global recession:

1. disorderly breakup of the Eurozone b/c of monetary instability.
2. another recession in the U.S. (2013) b/c of gov't instability.
3. slow growth in China, hard landing.
4. emerging markets stumble (Brazil, India, Russia, Africa, where growth is stalling).
5. Middle Eastern risk of military confrontation re: nuclear proliferation.

There is still time to fend off these threats or even escape by heading the other direction like the airplane in the picture above; however, reading these predictions this morning gave me pause about prospects for 2013.

Fasten your seatbelts, and place seats & tray-tables in the fully upright position. There could be some turbulence up ahead!

©Mark H. Pillsbury

Only chance of rain is in Liberty County (headlines today!)

RAIN!
The only place in southeast Texas where forecasters took the chance to predict rain today was in Liberty County, Texas, east of interstate 45. Texas is caught in the longest drought in the history of the state.

As you may recall, Liberty County is home to the #stormchaser saga, where once again you can read fiction ripped from the headlines!

Link to the Houston Chronicle: http://tiny.cc/l9udd