The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Jim McMannis who wrote (40193)	9/2/2005 3:46:04 PM
From: patron_anejo_por_favor	Read Replies (3) of 306849

>>The $100 billion is a pretty good bet<< I think so, these guys agree: news.yahoo.com Hurricane Katrina and the resulting flooding in New Orleans will cause an economic loss expected to top $100 billion, a risk modeler said on Friday. Risk Management Solutions said at least half of the loss will result from the flooding, which has left New Orleans essentially uninhabitable. The remainder will come from wind and infrastructure damage, storm surges and indirect economic impacts, it said. The cost of interrupted economic activity tops $100 million a day, the firm said. The most catastrophic damage from the storm occurred in Louisiana and Mississippi. Hope I'm high on the 10K....<NG>

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