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Non-Tech : Hurricane Katrina Investment ideas
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From: Sam Citron8/31/2005 6:02:57 PM
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Although the initial economic effects of the rebuilding of New Orleans may appear to be sanguine, especially for the construction trades, one has to wonder about the second-order consequences such as declining consumer discretionary income, increasing federal and local fiscal debt, and the willingness of insurers to offer flood insurance at reasonable rates in hurricane-prone areas. I find it hard to believe that this disaster will prove to be net positive for the economy.

Sam
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