As focus turns to the cost of the damage wrecked by Sandy, one of the biggest storms to hit the U.S., experts say the economy is set for a significant boost from the spending that will result from the need to rebuild homes and infrastructure. The positive multiplier effect of reconstruction after Sandy could be as much as five times, according to Frank Holmes, CEO and CIO of money manager U.S. Global Investors. If the cost of the damages comes up to $20 billion, the economic boost in terms of spending and activity could be $100 billion, he said. “America is great at rebounding and it will reinvigorate the economy. ... (full story)