IP Weathers Storms But Not Cars

By |2017-09-15T16:05:09-04:00September 15th, 2017|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

In late August 2006, ABC News asked more than a dozen prominent economists to evaluate the impacts of hurricane Katrina on the US economy. The cataclysmic storm made landfall on August 29, 2005, devastating the city of New Orleans and the surrounding Gulf coast. The cost in human terms was unthinkable, and many were concerned, as people always are, that [...]