Killer Katrina

[hotwine]

It's unbelievable. Hard to look away from Fox News or Bloomberg. Food, water, sanitation, shelter, fuel, all in critical supply.

Get ready for $3.50/gal national average for regular gasoline by Monday, $4 soon thereafter, a peak of $6 before the end of the year; may stabilize early next year at $3.50. People who have thought nothing of long daily commutes will be re-thinking their priorities; will eventually impact real estate markets, auto sales, business and leisure travel, hospitality industry. Could also soon send some airlines into bankruptcy. Impacts across the entire economy.