Booms, Busts, and Recoveries Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: smolejv@gmx.net who wrote (22778)	8/17/2002 10:07:01 PM
From: elmatador	Read Replies (1) of 74559

Compare that: The floodwaters swept over central and south Bohemia, Czech Republic (CZ) killing at least seven people and causing more than 1 billion Kc ($33 million) in damages. Has the author of the SZ said how much damage the flood has done? No. The German author goes right up to the macroeconomic effects without saying nothing about the microeconomic effects. The CZ Agriculture Ministry estimated that anti-flood measures would cost 30 billion Kc ($330million over the next 10 years. How much in anti-flood measures will be spent over the next ten years in Germany? No word about it. It appears that the Czech guys are better at working the numbers than the Germans. Owing to a more expensive cots base, plus the longer length of the rivers flooding its banks, I would say that multiplying the costs of CZ by 5 to get at the costs of Germany. Which will give us: ($160 million) in damages ($1.6billions over the next 10 years. Even Uruguay could absorb this blow without scratching the economy's surface. Hence do not take serious any impact in the German economy due to the flood. The economic impact will be only positive. Instead of keeping construction going by pulling up asphalt and putting stones. Or pulling up stones and putting asphalt, this one is a real construction works that once the German machine is put to work will make it real good for the next 100 years. I just hope that they don't put not only bricks and cement. But also some sophisticated machinery so that Siemens can also get a cut of the money pot dedicated to these works.:-)

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next