Sunday, February 24, 2013

Winter Storms and the Economy

Deus Ex Machina and I are having a debate - well, not really a debate, per se, but I asked him the question, and I'm asking all of you now - do winter storms have a negative affect the economy?

What do you think?

3 comments:

  1. What an interesting question! At first I was going to say yes, because people stay home and don't go "shopping" for fun - especially on the weekends. But, then I thought about all the new coverage we see of these winter storms, and people buying out shovels and generators. And so maybe the storms boost spending in certain industries, but I can't say whether that would be enough to counter all the people that go to the mall everyday.

    What I really want to know is why all of these people have to buy shovels for every single snow storm? Are they disposable? Silly me, I have been keeping mine for the past 7 years...

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  2. I think it depends on which economy you're discussing, and at what point in the season. Right now, these storms are not good for our local road crews budgets, although the workers are probably seeing higher paychecks now. But will they get an unplanned, unpaid vacation this summer as a result? Do you live in a ski community... or one focused on shopping and entertainment? So no... and yes :)

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  3. Very interesting question!
    With a snowstorm that shuts down the interstate (like Nemo), it means that trucks can't transport goods and comsumables. When I95 closed in CT, it cut off deliveries to most of New England, which hurt suppliers from all over the U.S. Even though it was only a day or so, that could amount to quite a few corporate dollars.

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