Hurricane season: the "➰️" swan for the US economy?

Federal disaster relief agencies could face a large deficit in the current hurricane season. This could become a serious problem for the US economy, since it would require the injection of billions more into the budget. Simply put, hurricanes could become the swan that experts have been warning about for months.

At the end of September, Mark Spitznagel, founder of Universa Investment, stated that stocks and cryptocurrencies were in "➰️" swan territory. The "Black Swan" theory refers to an unforeseen situation that causes a collapse in the economy. Neither the market in general nor individual experts warn that certain elements (however improbable) may be present. However, they occur and cause convulsions.

On this occasion, the hurricane season could be the factor that would lead to the great economic problems that Spitznagel speaks of. Aid is now beginning to arrive in communities affected by Hurricane Helena. Meanwhile, Southeast Florida is bracing for Milton, which is shaping up to be a monster storm. Aside from the lives these hurricanes may claim, experts are assessing the consequences for the U.S. economy. According to a recent report by The Washington Post, FEMA funds only have enough to deal with the aftermath of Milton. They would then be left in a deficit.