Where to Look for Initial Economic Damage if Disaster Relief is Inadequate

The GOP is scheduled to release their proposed Disaster Relief plan this afternoon. Based on early reports, their proposed package will be grossly insufficient. However, there will be further negotiations with the House, and the eventual package might be somewhat adequate. If the package is inadequate, I'd expect the initial negative impact to be on retail sales and housing . In addition, I'd expect to see significant state and local layoffs over the next few months. Retail sales for August will not be released until September 16th, but there are several high frequency releases on housing......(read more)

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