Replies to post #12192 on Direxion Daily Junior Gold Miners Index Bull 2X Sh (JNUG)

[Meximus]

I read a study saying it basically becomes shared in 3s.

1/3 by insurer.
1/3 by federal/state govts
1/3 by people/donations

Sounds about right.

Harvey was ~200 billion, and Irma is probably (only) 80 billion.

Probably 30-50 billion for PR after Maria.

[CashFreeze]

You're assuming these places are covered by hurricane insurance. I'm willing to bet the Fed will be covering this bill sooner rather than later