Economist Jared Bernstein looks at the negative (and positive!) effects of Hurricane Sandy
"A quick list of economic negatives: 16,000 flights cancelled; Amtrak service disrupted; stock markets closed; retailers shut down; days of missed work and paycheck losses; physical damage to homes, businesses, cars, and even a few shut downs of NJ gas refineries that could show up as higher gas prices if the supply can’t be quickly replaced.
"However, a few things to consider that push the other way. I’ve seen rough loss estimates of around $20 billion, of which some (half?) will be replaced by insurance payouts. Though retail, as noted, will take a hit, demand for storm-preparedness goods spiked big time before Sandy hit. And many–not all–trips and activities that were cancelled before the storm will now take place afterwards."