Sunday, October 28, 2012

The economics of frankenstorm

It hasn't even started raining yet and the city is planning for a 2 day shut down. At 1% of the working days for the year, that's very loosely a 1% reduction in annual regional gdp growth, which has huge implications. The flip side is an extra couple days of leisure and there's definitely a very festive atmosphere in the city today, as people seem more excited then annoyed at the impending frankenstorm.

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