Skip to main content

Another Tornado Record's in Sight for U.S. as Thunderstorms Boom


Bloomberg by Brian K Sullivan

Another wave of tornado-spawning thunderstorms is set to rip across the Great Plains and South this week, putting the U.S. within reach of a record year for life-threatening twisters.

Severe storms will drench a swath of the country from Texas to Mississippi over the next five days, according to the U.S. Storm Prediction Center. Through Thursday, 369 tornadoes have been reported across the country, the most in five years and more than double the normal number of sightings.

An active jet stream and unusually balmy weather are to blame for the burst of deadly tornado activity, the storm prediction center said. Strong winds have dragged storms into the warm, humid air that’s blanketed the eastern half of the nation, creating conditions ripe for a weather phenomenon that leads to at least $400 million in damage a year in the U.S.

“We have a severe threat starting today and continuing for each of the next five days through at least Monday,” said Patrick Marsh, warning coordination meteorologist at the storm prediction center in Norman, Oklahoma. “Through mid-March, we are on a record or near-record pace.”


 
The atmospheric moisture across the southern U.S. in January was more typical of April, Marsh said. A confirmed tornado touched down in central Massachusetts in February, a first, while there was still snow on the ground.

The peak of tornado season varies across the country. Activity is concentrated in the Southeast early in the year, drifting into the Great Plains’ “Tornado Alley” in May and June before heading into the Northeast by early summer.

The U.S. has more tornadoes than any other country, according to a report by Lloyd’s of London. The nation averages about 1,200 tornadoes a year, with the storms killing as many as 60 people and injuring 1,500, Lloyd’s said.

Tornado “outbreaks,” or storm systems that spin out multiple funnels in a limited time and area, are becoming more frequent in the U.S., according to study published in the journal Science in December. Still, the trend isn’t consistent from what some models predicted would result from global warming, the study found.

This could mean climate change isn’t having an impact on tornado numbers, or it may be because scientists just haven’t figured out what effect it’s having, lead author Michael Tippett, a senior research scientist at Columbia University’s International Research Institute for Climate and Society in Palisades, New York, said in the report.

Rising Costs

 

One thing’s for certain: Costs associated with tornado damages are rising as the number of people living in the path of twister-producing storms rises.

“Since 1980, losses due to severe thunderstorm events in the U.S., which includes tornadoes, hail and straight-line winds, have increased dramatically largely due to socioeconomic effects,” Mark Bove, a senior research meteorologist for Munich Reinsurance America Inc, said in an email.

The system pushing into the central U.S. may create more severe weather as it pushes east, said Bob Oravec, senior branch forecaster with the Weather Prediction Center in College Park, Maryland.

“It definitely is going to have the potential for a multi-day event,” Oravec said.

And it could just be the first of several such systems, he said. Long-range models show the potential for a train of storms through the central U.S. for the next few weeks.

Comments

Popular posts from this blog

Womack Weekly Commentary: September 18, 2017

­Womack Weekly Commentary September 18, 2017 The Markets “In theory, there is no difference between theory and practice, in practice there is.” Yogi Berra was talking about baseball, but the concept also applies to diversification, according to the GMO White Paper, The S&P 500: Just Say No . From the title, you might think the authors – Matt Kadnar and James Montier – don’t like U.S. stocks. They do: “Being a U.S. equity investor over the past several years has felt glorious. The S&P 500 has trounced the competition provided by other major developed and emerging equity markets. Over the last 7 years, the S&P is up 173 percent (15 percent annualized in nominal terms) versus MSCI EAFE (in USD terms), which is up 71 percent (8 percent annualized), and poor MSCI Emerging, which is up only 30 percent (4 percent annualized). Every dollar invested in the S&P has compounded into $2.72 versus MSCI EAFE’s $1.70 and MSCI Emerging’s $1.30.” The au

Markets Were Rattled Last Week

 The market hates surprises, especially when the surprise comes from a central bank. Last week, the European Central Bank (ECB) unexpectedly reversed course and took a more accommodative stance on monetary policy in an effort to encourage stronger European economic growth. Tom Fairless of Barron’s explained: “Officials are seeking to shore up an economy that has been rattled by shocks ranging from a slowdown in China to mass protests in France and bottlenecks in Germany’s crucial auto industry. They are threading a careful path between providing sufficient support for the region’s softening economy while avoiding any appearance of panic, which could ricochet through financial markets.” The Eurozone isn’t the only region feeling the pinch of weaker economic growth. China’s exports were down more than 20 percent in February, reported Investing.com . Analysts had expected a decline of about 5 percent. Concerns about the health of China’s economy have been growing since the p