What The CA Fires Really Mean - Peak Prosperity

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The California fires are both literally and metaphorically alarming. At face value, they represent an enormous tragedy for the afflicted people. The same, for me, as those of Lahaina Hawaii, or Western North Carolina. I do not place a premium on rich people’s suffering. However, the economic scale of the CA fires is magnitudes higher which could have national economic and financial consequences. Could this be the pin that finally bursts the many financial bubbles?