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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: smolejv@gmx.net who wrote (8694)	9/11/2001 1:46:53 PM
From: carranza2	Read Replies (2) \| Respond to of 74559

DJ, this being the Doom and Gloom thread, I suppose it's not too early to consider the financial repercussions. First: World trade will be severely impacted by the loss of the people and the two towers. Second: Oil. Haven't looked at prices, but no doubt they are skyrocketing in response to perceived new tumult in Middle East. Third: Lots of property destruction (several jetliners, Pentagon and WTC) and loss of life, particularly on presumably well-insured wealthy NYC residents, means that insurers are taking a huge hit. Fourth: Effect on securities markets will no doubt be negative. To what extent? Who knows, but it won't be pretty. Fifth: Price of gold probably will go straight up, though I haven't checked. Sixth: Effect on US budget unknown, but surely significant.