New Zealand counts cost of Auckland floods; more rain forecast

Pray for NZ, the greenest country on earth!

One of the dead was just 25, kayaking down a flooded road, got trapped in a culvert and drowned. RIP.

Economists say the recovery and rebuild could add to inflationary pressures 

Hmmmm, dubious statement… would they also be economists that think printing money to finance government spending is benign?

Tough break for the kiwis and their new Prime Minister.

fxgai

Economists say the recovery and rebuild could add to inflationary pressures 

Hmmmm, dubious statement… would they also be economists that think printing money to finance government spending is benign?

Dubious? It's economics 101. Supply and demand. With a big boost to demand, likely means that building supplies prices will increase causing inflation.

So did rebuild efforts in Japan after numerous natural disasters lead to inflation?

Dubious claim indeed.

And if natural disasters do cause inflation, that would suggest central banks tighten monetary policy after natural disasters.

But usually they do the opposite.

Dubious, dubious, dubious.

fxgai

Dubious, dubious, dubious.

Economics is not your strong suit I see.