Many people must wonder what Australia has done to enrage the weather Gods !
At the same time Victoria was having the worst fire storms in the history of this country Queensland was reeling from record floods. An area the size of South Australia was under water - and for some areas this was repeated several times over a few days.
It seems Mother Nature is still on the rampage and we now have Cyclone Hamish roaring down the Queensland coast.
Hamish was at one stage a category five. It has degenerated into a category four, but that is still the type of cyclone that packs house destroying winds - and the ability to create storm surges that wreck coastal communities.
No doubt we will survive, but a sure casualty will be insurance premiums.
The payouts in both Victoria and Queensland will be huge - way higher than in any normal year - and we still have Hamish to be added to the bill. As a result, the share price of insurance companies on the stock exchange have taken a hit. That will deliver another blow to the self funded retirees who look to dividends for their living money.
Strangely, the one state that had escaped all this carnage seems to be New South Wales !
We have had a quiet bush fire season this year. Practically no violent thunder storms with hail damage - and the only reverse to this good fortune seems to be an enduring drought.
Tread very carefully in the months ahead. Do nothing to enrage those sleeping weather Gods !
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