Cocktail Investing

  Our hearts go out to all those affected by the devastation in Texas and Louisiana. The magnitude of this incredible storm is such that in this week's program, Tematica's investing mixologists, Chris Versace and Lenore Hawkins discuss the impact of Hurricane Harvey, how it relates to some of our investing Themes, as well as the week's economic data, and relevant political happenings. What we know? Hurricane Harvey is in a class of its own, having delivered the greatest amount of rain ever recorded in the lower 48 states from a single storm. One of the areas hardest hit has been Houston, the 4th largest city in the United States. What does it mean? The magnitude of the storm damage, which is still being tabulated, is looking to be the most expensive the nation has ever experienced. Enki Research, a group that calculates risks and costs of hurricanes, tsunamis, and other natural disasters, says the “middle-of-the-road” estimate for Harvey ranges from $48 to $75 billion, while Accuweather projected it to be ar