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That's the surprising conclusion of a NASA-funded study by the National Academy of Sciences entitled Severe Space Weather Events—Understanding Societal and Economic Impacts. In the 132-page report, experts detailed what might happen to our modern, high-tech society in the event of a "super solar flare" followed by an extreme geomagnetic storm. They found that almost nothing is immune from space weather—not even the water in your bathroom
Power outages would be accompanied by radio blackouts and satellite malfunctions; telecommunications, GPS navigation, banking and finance, and transportation would all be affected. Some problems would correct themselves with the fading of the storm: radio and GPS transmissions could come back online fairly quickly. Other problems would be lasting: a burnt-out multi-ton transformer, for instance, can take weeks or months to repair. The total economic impact in the first year alone could reach $2 trillion, some 20 times greater than the costs of a Hurricane Katrina or, to use a timelier example, a few TARPs.