Click to enlarge.
Click to enlarge.
Hurricane Sandy continues to do some damage. Some would argue that it is a one-time only event and therefore we shouldn't even factor it in. I'm in a somewhat different camp. For what I see coming, I believe black swans outnumber white swans. A hurricane is just one black swan of many.
What is the white swan version of a hurricane? Is there a force of nature that can actually strengthen the typical businesses within its path? Is there a healing tornado? Is there a prosperity earthquake? From where I sit, mother nature seems a bit lopsided.
And lastly, if this was all due to Hurricane Sandy then why were 24,693 more people (compared to the previous week) sent to the unemployment lines in California in the week ending November 10? Sympathy pain? I've heard rumors California was doing so well.
See Also:
Extreme Initial Claims Danger v.23
Source Data:
St. Louis Fed: Initial Claims
DOL: Initial Claims
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