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As Irma Hits, A ‘Disastrous’ Econ Retrospective
You can bet every U.S. econ team on the Street will be hard at work starting first thing Monday on t
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Exhibit 1 needs to be about 4-5 times taller than it is. The problem with these laughable cost estimates is they are made largely by people whose greatest disaster has been losing their favorite matching sock. There are hundreds and hundreds of miles of streets..roads..highways and freeways in Houston that are going to have robe rebuilt. That will take place over YEARS..the base rock foundations of these things are useless and the shoulders will give way and collapse. That’s just the roads..providing there are many cars left to drive them.
What of all the underground vital utilities under pressure..sewer lines..gas lines..you get the picture. Then there’s the housing..the businesses. The LONG term loss of income and wages. How many entire schools will have to be rebuilt because of fungus and mold damage?
Have we even mentioned the bureaucratic infrastructure it will take to organize and carry thru everything that needs to be done? No way.
Come back in 2-3 years and look at those charts and compare it to my thumbnail guesstimate of $700 billion and see who’s closer…..
Disaster Recovery