He is not incorrect
Posted on: February 17, 2020 at 10:12:54 CT
meatiger MU
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There are potentials for extreme events to cause economic recessions. Look at the coronavirus outbreak. That will likely cost the global economy hundreds of billions, if not more. Whether it should or should not be priced into the market is purely a matter of opinion, which I would expect an accounting professor to have an opinion about.
One hurricane nearly destroyed an entire state in Puerto Rico.