Swine Flu & Economic DEATH (Part 1 of 2)

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Growby10
May 12, 2009

Swine Flu & Economic DEATH http://thesmarterwallet.com... How The Flu Pandemic Affects Our Economy Nevertheless, the flu scare has impacted our lives directly. Markets are very skittish; they res...

Swine Flu & Economic DEATH

http://thesmarterwallet.com/2009/swin...
How The Flu Pandemic Affects Our Economy

Nevertheless, the flu scare has impacted our lives directly. Markets are very skittish; they respond to any bad news by selling and driving the stock market index down. There are predictions of late that any stock market rally were seeing now wont last because of the threat and fears of an imminent pandemic.

On that note, according to The Seeking Alpha blog, the media assumes that serious investors are so naïve that they react to any news by buying or selling. Well, actually, yes. Gasoline went down for a few days as investors believed that the pandemic scare would result in fewer cars on the road. One bad word by Joe Biden caused airline stocks to head south. The 9/11 attack caused an immediate economic recession. So, yes, investors react very strongly to news, good or bad, and that affects our portfolio and 401Ks directly.
Are Small Businesses Affected?

Many business owners and retailers are concerned that consumers will stay away from shopping at brick and mortar stores and other public areas, fearful of the danger of contamination. But that hasnt happened, at least in Texas, one of the states most affected by the swine flu: many business owners have reported that the lunch crowd has been looking better than average despite headlines about the flu dominating the news channels.

This seems like favorable news for certain local economies, at least for now, despite the fact that the Federal Reserve has warned that the flu outbreak could potentially force U.S. consumers to retrench further. In a delicate economy, a serious pandemic could indeed erase all recent financial gains and cause the Dow Jones to plunge further than it already has. Luckily, the main technical trading indicators give us hope that we are rebounding, with the Consumer Confidence Index rising much higher than expected last month, actually reaching its highest levels since late last year.

It seems that our initial pandemic scare has turned out to be a false alarm. It would be interesting to receive some feedback from our readers to gauge the national impact and emotional reaction of people across the Americas. But heres what I think: if you have plans to travel to Mexico, weight the risks. Are fears really overblown? Think about how the beaches are beautiful and germ-free. Isnt it the case that your main risk is more in the water than on land? A big plus for travelers is that resorts have suffered, so youll have the all-you-can-eat buffet all to yourselves (forget the diet for a while) and Mexicans will be delighted to welcome you for an enjoyable stay.

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This is a video response to SWINE FLU H1N1 VaCciNe "The Truth"

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slayerminion183 (6 months ago) Show Hide

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which is why the governmentis smart to keep the meds in stock

skyding8962 (6 months ago) Show Hide

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The economy is the reason not swine flu for the reason of restaraunt sales going down you were talking about.

Growby10 (6 months ago) Show Hide

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@skyding - i said if the swine flu starts to really spread and cause a growing number of deaths...then all the businesses i mention, plus our economy will be in deep trouble.

i4Truth (6 months ago) Show Hide

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Swine flu is a joke. Keep the sheep afraid, VERY AFRAID!

Growby10 (6 months ago) Show Hide

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@i4truth - a joke? based on what? Do you think the US and most of the worlds governments, health officials are faking it?

i4Truth (6 months ago) Show Hide

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Yes Growby swine flu has been blown waaaay out of proportion.

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Swine Flu & Economic DEATH (Part 1 of 2)

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