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October 30th, 2012 
FAKE NEWS for the Zionist agenda
It is the first time the weather has stopped stock markets in the US since
1996, when 20in of snow fell in New York.
The closure of the city’s subway system and commuter trains to the
neighbouring states of New Jersey and Connecticut will affect businesses far
beyond Wall Street.
Although economists cautioned that it will take several days to calculate the
damage caused by Hurricane Sandy, it is expected to be among the most costly
in history. Hurricane Katrina stands at the top of that list, after causing
costs of more than $100 billion (£62.4 billion).
The insurance industry could withstand claims of about $10 billion (£6.2
billion), according to Eqetas, a company which models the cost of disasters.
In sharp contrast to Hurricane Irene, which hit New York last August,
Hurricane Sandy only gathered momentum as it travelled towards the city and
the densely-populated surrounding areas yesterday.
Hurricane Sandy’s arrival comes at a difficult moment for America’s $15
trillion (£9 trillion) economy, with next week’s presidential election
adding uncertainty for consumers and businesses. The world’s largest economy
is already facing the prospect of both tax rises and spending cuts, which
some economists fear could push the country into recession. The economy
expanded 2 per cent in the last quarter.
However, some cautioned that the hurricane is not all bad news for the US
economy.
Retail sales could rise as people visit supermarkets and DIY shops to prepare
for Hurricane Sandy’s arrival.
“A lot of people spend money preparing for the storm,” said Chris Christopher,
an economist at IHS Global Insight. “After the hurricane has gone, they then
spend money on home improvements.”
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