The News Radar

Timely links to external news and articles, usually valuation related, with occasional commentary.

Originally posted Wednesday, 20 July 2022
More Than 100 Million Americans Face Dangerous Heat Wave

More than 100 million Americans were in the path of a dangerous heat wave Wednesday, from the West to the Northeast, officials said.

The temperature was forecast to break the triple digits in states across the country, from California to Texas to New York, shattering records in some places, according to the National Weather Service.

July has been a relentlessly hot month in Europe, too, where a record-breaking heat wave has been blamed for hundreds of deaths across the continent. The heat and a drought fueled wildfires across swaths of Southern Europe, forcing thousands of people to evacuate their homes.

What do you think will happen to global economies and corporate valuations as this inevitably gets worse? Do mass evacuations, property destruction, infrastructure destructions, and natural resource destruction raise valuations?