I can sort of see it.
Think of all the construction jobs and stuff like that which will be created in the new couple years in the areas affected.
of course, I wonder if they will have trouble finding warm bodies to fill the positions like they have had in Florida.
Imagine the IT infrastucture that has to be done also..
It's really simpler than that Mike. The fed makes the price banks pay for money really attactive. The banks in turn set an attractive rate for consumers and business. The fed turns the spigot on and off. The markets follow this activity albeit on a delayed basis.
People are buying up property in Baton Rouge like you wouldn't believe. Propery is only on the market a few minutes and it's sold - at offers over 10% of the market value / asking price. bttt
Construction will keep on booming and so will consumer goods.
I work at a home improvement center in Kentucky and on Monday mornings we print out our weekly price change sheets. Normally there are about one hundred items in the entire store. This week there were more than one hundred pages!!!
The same thing happened last year after Florida's Month of Agony and the prices stayed pretty high for six or seven months. I hate to see what happens this time around.