could take months before the total cost of the disaster off the city of New York and the northeast days
As flood waters affected States and Sandy begin the grim task of stripping, many questions remain, including: how big is the impact of the storm and its impact on the U.S. economy
The short answer is: tens of billions of dollars in damage, production losses and disruption of entire industries. And despite some optimistic forecasts made in the aftermath of sand moved inland, there are good reasons to believe that the final bill could be worse than expected.
The devastation caused by the sand comes at a critical moment for the U.S. economy as a whole, which seems to be a slow reflux, even if the pace is too slow for the millions of people at work, and the political fortunes of Barack Obama.
Fortunately, in the sense that landfall sand came too late for the anger felt in the economic data released the presidential election, despite the delays and confusion can still make the statistical office of the work to delay the publication of its report on October employment reviews, scheduled for Friday. Even if the BLS number shredders can complete their work on time, the jurisdiction of two days on the East Coast will an asterisk in the employment figures.
The real impact will not be felt for several weeks, and may take months, even years, before the end of the arena cost is calculated.initial estimates
Then there is the part of the rebuild operation. The extent of damage can be much more than the initial estimates expected, due to the destruction of New Jersey is coming to light. This includes both private property and federal and state infrastructure.