Black Swanish

As over a dozen fires burned across California, thousands of people were evacuated and millions were still without power on Monday.

Fifteen major fires were burning from Northern to Southern California as of midday Monday, per Cal Fire.

The largest among them, the Kincade fire in Sonoma county, was blazing since Wednesday and had torn through over 66,000 acres as of early Monday ― more than tripling its size over the weekend when over 100 mph winds blew through the region. The fire ― which was still only 5% contained even as over 4,000 firefighters battled it ― has so far destroyed almost 100 buildings. Around 180,000 people have been evacuated around Sonoma due to the fire.

Meanwhile, the Getty fire, which started in the early hours of Monday near West Los Angeles, reached over 600 acres by 12 p.m. The fire destroyed eight homes, damaged at least five more and was 0% contained. The ongoing blaze has spurred evacuations and school closures around West Los Angeles and Santa Monica. Celebrities including Arnold Schwarzenegger and LeBron James have evacuated.

Gov. Gavin Newsom (D-Calif.) declared a statewide emergency on Sunday in response to the many blazes. More than 3,000 people spent Sunday night in Red Cross and other shelters, per the American Red Cross.

Meanwhile, electric utility PG&E shut off power to over 2 million people over the weekend in Northern California in an effort to prevent further fires ― the largest-ever such power shutdown by the company.

I can see knocking a half point off of GDP.  This is not priced, this is after GDP was set down to 1.7%, this can be stall speed.

Gavin is clueless. If the answer is forest clear out then let the loggers in and hire the kids for clearing brush. Make the hard choice else this snow balls. Warren Buffet cannot help with any of this, except advice and he will tell you the same. Find a forest expert without priors.