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01:34 AM
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Hurricane Ian, projected to be one of the Costliest Storms in US History
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[quote:Anonymous Coward 85021326:MV81MjQzMTU3XzEwMjQzNDcwNF8zNTUwMTI1NA==] :Idol1: [/quote]
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Guess all those people who bought overpriced properties will have to learn the hard way. Insurance companies won’t pay out for years, if ever.
Could this surge of real estate destruction be the falling domino to take the entire market down?
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“The storm appears likely to intensify food inflation as Ian takes direct aim on crucial orange-growing and fertilizer-manufacturing zones. At least 75% of the state’s orange groves are under threat, according to Maxar Technologies Inc. meteorologist Donald Keeney. Meanwhile, key Mosaic Co. phosphate facilities east of Tampa also are at risk, Bloomberg Intelligence analyst Alexis Maxwell said.”
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Source: [
link to finance.yahoo.com (secure)
]
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