Tropical storm Gustav has emerged off the coast of Jamaica, and is going to rip through the oil producing areas of the Gulf, the current forecast is for it to make landfall, as a major hurricane, in Louisiana. While it has to be underlined that long range forecasts for tropical cyclones do not have a great deal of what the discipline terms "skill," it is likely that this will deliver a hit to the economy at precisely the moment where we are turning towards a second recession.
Forecast track.