Economic and Market Observations: Trump, Trade, Twisters, and Trailer Parks
An urban legend holds that trailer parks in the Midwest attract tornados (allegedly because of their high metal content). This is scientific nonsense, of course, and gets the causation wrong about why there are relatively more newspaper headlines about damage at trailer parks. Twisters hitting relatively more densely packed, flimsily built mobile homes inflict a higher toll than those touching down in the open country or established settlements.
On January 31, 2018, The Boston Company and Standish merged into Mellon Capital to form a combined entity, BNY Mellon Asset Management North America Corporation. Effective January 2, 2019, this entity was renamed Mellon Investments Corporation.