Quote:
Originally posted by Cowperson@Jan 19 2005, 04:52 PM
The interesting thing is that this humungous loss of life doesn't appear to be much of an impact item economically beyond tourism.
Three thousand people die in a moment in New York and the global economy collapses even more than it had been to that point, the damages measured perhaps by starting at 1 trillion dollars.
Two hundred thousand die in this region and, if I'm not mistaken, even their local stock markets are up.
Cowperson
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American stocks slumped post 9/11, but overseas stocks went in the other direction for the year or so following. What were the real economic costs of 9/11? I think a lot of the costs were do to Bush's fear mongering and thirst for revenge.
Beyond Tourism is kind of a silly thing to say anyway, when you are talking about mostly coastal communities being affected. Tourism is the industry for most of these places, (at least the ones I am familiar with I guess).