http://www.riskmanagementmonitor.com/the-long-term-economic-impact-of-hurricanes/
"A cyclone of a magnitude that a country would expect to see once every few years can slow down an economy on par with “a tax increase equal to one percent of GDP, a currency crisis, or a political crisis in which executive constraints are weakened.” For a really bad storm (a magnitude you’d expect to see around the world only once every 10 years), the damage will be similar “to losses from a banking crisis.” The very worst storms—the top percentile—”have losses that are larger and endure longer than any of those previously studied shocks.”"
1 can be very bad. 2 or more is very uncommon but probably worse than just 1. This could have major impacts on the economy for a long time. Just the emergency funding needs appear to be 'off the charts'.
The tRump crew didn't really sign on to this.
I hope Mar a Largo has good insurance coverage.
"A cyclone of a magnitude that a country would expect to see once every few years can slow down an economy on par with “a tax increase equal to one percent of GDP, a currency crisis, or a political crisis in which executive constraints are weakened.” For a really bad storm (a magnitude you’d expect to see around the world only once every 10 years), the damage will be similar “to losses from a banking crisis.” The very worst storms—the top percentile—”have losses that are larger and endure longer than any of those previously studied shocks.”"
1 can be very bad. 2 or more is very uncommon but probably worse than just 1. This could have major impacts on the economy for a long time. Just the emergency funding needs appear to be 'off the charts'.
The tRump crew didn't really sign on to this.
I hope Mar a Largo has good insurance coverage.
