Bank bonuses did not "force" the Federal Reserve to flood the global economy with dollars, without which there'd have been no fuel to feed and inflate the housing bubble.

FORBES: Rating Agencies? Still Subprime

Banks around the world are continuing to flood the global economy with money and, although all the metrics of inflation have been quiet, how could this not be an inflationary environment?

FORBES: Why Are Small Investors Still Buying Gold? A Psychology Lesson

And, as I wrote in that earlier piece, the government has tried to safeguard their financial system against a flood of footloose global capital.

BBC: Brazil: No reverso

While the flood waters have since receded, the global supply chain now faces the potential for another serious issue in Thailand.

FORBES: Thai Power Woes Threaten Tech Supply Chain; How To Respond

Global warming may cause more frequent floods, but most flood victims go home when the waters recede.

ECONOMIST: Migration