4 ms·
Interesting point! It seems to me that the economy regularly takes a beating on extreme weather days. However, these things are factored in. For e.g. whenever t
by sriram_sun 8y ago
Interesting point! It seems to me that the economy regularly takes a beating on extreme weather days. However, these things are factored in. For e.g. whenever there is a cyclone brewing near the Louisiana coast, gas prices go up.
If there is a blizzard, people stay home. Then there are forest fires - these might cause property destruction and have a long term health impact - directly and indirectly affecting the economy. Although the exact timing of these events are not predictable, a huge part of our economy - the insurance industry tries to factor extreme weather into account. Similarly, mining during windy days should even out, given enough players are invested.