Economic, Market Impact Of Hurricane Katrina

Good round up from Dow Jones:

Over a week after making
landfall, the broad economic fallout from Hurricane Katrina continues to
unfold. Economists are downgrading their third quarter growth forecasts for
the U.S. economy and not all think that rebuilding in the wake of the storm
will bring things back in the fourth quarter. Markets have stabilized
however, taking their cue from the price of oil and other refined energy
products, which have been hit by a major international effort to release
emergency energy reserves in an attempt to alleviate a supply crunch.
Estimates of the economic loss from the hurricane exceed $100 billion, with
the Senate’s top Democrat putting it closer to $150 billion.

Here
are some of the main market and economic impacts:

Read More

Category: Commodities, Currency, Economy, Markets

Katrina’s Oil Impact (and $4/gal gas)

Category: Commodities, Economy

Barron’s Picks Up “Time to Bet Against the U.S. Consumer?”

Category: Media

Overnight Holdings

Category: Trading

When to Sell Mutual Funds

Category: Investing

Are Real Commodity Prices at multi-century Lows?

Category: Commodities

Housing Market Gives Cooling Sign

Category: Economy, Financial Press, Real Estate

Chart of the Day: S&P500 following Gasoline Price Surges

Category: Commodities, Economy, Markets

Radio Economics

Category: Economy, Podcast

NFP: +169k

Category: Economy