Trade of the Day: Buy Catastrophe

The Trade of the Day is to buy disasters; you'd have made more money investing in catastrophe bonds than hedge funds in the past decade.
The answer is blowing in the wind.                                                      

Natural disasters inflicted economic losses on the world of just $54 billion in the six months to June 30, according to insurance company Aon Plc's Global Catastrophe Recap report. That's about half the 10-year average of $106 billion in the period, Bloomberg's Carolyn Bandel reported today.

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