April 27, 2009
– Comments (4)
The World Health Organization has increased the alert on the swine flu from 3 to 4 out of 6.
You ever feel like the crazy old man on the street corner, shouting at passers-by? And by "you," I mean you and I and others who have been bringing up faults and weak spots in the financial world...
Not that it's intentional to appear that way--just that we are generally ignored, so we keep bringing up more evidence, and after a while, we seem to be shouting because no one will listen!
For example, several articles have pointed out protectionist-like actions have been taken. From your linked article:
The swine flu is not caught from eating pig meat products, but several countries imposed import bans on pork from the United States.
*sigh* It's not that the flu will or will not become a major health hazard; it's how people, groups, investors, and entire countries are behaving even though it isn't yet a major hazard.
A lot of analysis has been dredging up the ol' "animal spirits" view of the market--I still maintain that people in groups larger than 3 are exponentially more irrational than any individual.
Good find on the article;I'm really interested in how all this works out in the long run.
That's a nonevent, much like the Y2K bug.
I take offense to calling an event that is killing people a non-event.