"We need to be smarter about where we are developing and how we’re doing it, building in resilience in any new construction in areas prone to weather and climate extremes. People who choose to live in high-risk areas should bear the cost when disaster strikes."
The so-called Waffle House Index also serves as an “indicator of how complex and long supply chains are — for food, for fuel, for power — and of what it takes to plan around infrastructure that can be fragile in unexpected ways.”
While most people are evacuating and trying to get as far away from Hurricane Florence as possible, others, like the Mississippi-based Hurricane Hunters, get into airplanes and fly right into the vortex.
"This is no ordinary storm, and people could be without power for a very long time -- not days but weeks. Hurricane Florence will be a life changing event for many people in the Carolinas."
I think the mother of all Minsky moments is building. It will not be an instant sandpile collapse, but instead take years because we have $500 trillion of debt to work through.
