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4
Posted on 9/15/17 at 4:02 pm to GumboPot
quote:
Two hurricanes in very populated areas of the nation.
they only impacted a third of the quarter, and it's not like they came close to wiping out all activity nationwide even during the period they impacted
not remotely possible they account for a drop by nearly half from 4%
good effort though!
This post was edited on 9/15/17 at 4:03 pm
Posted on 9/15/17 at 4:03 pm to GumboPot
quote:
Two hurricanes in very populated areas of the nation.
Oh please. Two hurricanes aren't going to cut growth in half. Especially when government recovery spending on the order of $15 billion (and then some) is a component of GDP. There were weaknesses elsewhere before the storms hit.
Posted on 9/15/17 at 4:14 pm to GumboPot
quote:Florida and Texas account for 14% of the nation's GDP. And those Hurricanes didn't shut down the entire areas impacted let alone the entire states. And those Hurricanes occured 2/3rds of the way through the quarter.
Two hurricanes in very populated areas of the nation.
In other words, whatever impact it had, it would be only a small percentage.
Posted on 9/15/17 at 7:42 pm to GumboPot
quote:
Two hurricanes in very populated areas of the nation.
This. Hell 25% of the nations refining capacity has to shut down for a couple weeks. There is a large trickle effect from these things.. For example our catfish processing plant we sell fish to had to slow way down because the company that makes their packaging boxes had to shut down due to Irma.
These disasters have wide reaching effects
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