by Marc Usem
The recent plethora of hurricanes are expected to put the economy and the Fed in check. The storms have wreaked havoc with record breaking rainfalls of as much as 50 inches in Texas, and one the largest hurricanes on record engulfing the entire state of Florida. Our thoughts and prayers are with the people and communities affected by the destructive storms. The human toll is tremendous, with millions of people affected. The true economic costs have yet to be tallied, but will likely be the most expensive ever on a combined basis exceeding $250 billion in damage.