Friday, March 11, 2011

Don't worry about the dead, the yen should rapidly recover

2 comments:

Aridtrax said...

from Wikipedia

"Economic impact

Economic analysts posit that, ultimately, the catastrophe will improve Japan's economy, with increased job availability during restoration efforts. David Hensley of JPMorgan Chase, citing the 1989 San Francisco earthquake and the 1994 Northridge earthquake, noted that natural disasters "do eventually boost output". Takuji Okubo of Société Générale anticipated that Japan's economy will decline in March but will revive powerfully in subsequent months. He recalled that in January 1995 after the Kobe earthquake, industrial output dropped 2.6%, but increased by 2.2% the next month, and 1% the following month. Japan's economy then accelerated substantially through the next two years, at more than its former rate."

carl said...

hmmmm perhaps the uk could do with a tsunami then.. after all we all know that through HAARP THEY control the weather so it shouldn't be too difficult to organize...