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


To: Maurice Winn who wrote (73704)5/26/2010 7:27:53 PM
From: carranza23 Recommendations  Read Replies (2) | Respond to of 74559
 
I was listening to a Fed Reserve Bank of Atlanta official, a sober man, discuss the economic impact of the cataclysm caused by BP. He said that the calamity would put 130,000 jobs at risk. This is a disaster worth getting hysterical about.

The 130,000 jobs generate other jobs which in turn generate other economic acitvity.

The economic impact is horrible enough without thinking of the environmental impact. If the marshes are destroyed, one of the few buffers we have against the disasters caused by hurricanes will be gone.

I'll also have to struggle or pay dearly for the Oysters Rockefeller I covet. No more broiled speckled trout with a dollop of crabmeat at Galatoire's for me. Or redfish brought to me by my fishing friends who caught more than they need. Or cold jumbo shrimp Remoulade in Arnaud's exquisite signature sauce. Or pompano en papillote at Antoine's.

But since the impact is minimal and the hysteria relentless, would you consider a trade whereby all of the oil recovered from this spill is dumped on Cloudy Bay? Or is there some place more scenic or economically important in Oz you'd prefer to slime?