Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Maurice Winn who wrote (23168)	9/5/2002 7:02:40 PM
From: carranza2	Read Replies (1) of 74559

Per American at 300 million [throw in a few Kiwis] = $30 each. A piffling amount. The event was trivial in the grand scheme of things. Maurice, this is not the way to look at it. Factor in the costs of having no air travel for a couple of weeks, the airlines' near bankruptcies, the cost of their bailout, the costs to business and individuals of the hugely increased insurance premiums, the stock market slump when it re-opened, the costs of increased military alertness, etc., etc. We went from a budget surplus to a deficit, mostly due to 9/11.

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