Looking down from my hotel on the rooftops of Houston, I can still make out the debris that must have been left behind by Ike.
It reminds me of the time that I was in New York about 7-8 weeks after 9/11. We were staying in the Waldorf-Astoria and when I crawled under the table of my rather pokey room and pushed back the curtain to get at the socket I found about an inch and a half of dust and rubble that must have landed there in the duststorm that followed the collapse of the towers.
This reminder of Ike is infinitely less jarring, though the hurricane season seems to be causing more than anticipated troubles in the markets. Hannover Re has issued a profits warning as a result of the double impact of financial markets turmoil and heavy catastrophe losses and its share price is on the slide.
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