Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: ExSoldier
And in contrast to the swift federal response to stabilize the financial markets after 9/11, the Treasury and other key agencies may be too badly damaged and decimated to intervene quickly.

No Federal intervention could save the markets after a nuclear terrorist attack. Current market levels reflect wild optimism on stilts - any sort of successful nuclear event will trigger a horrific worldwide depression.

17 posted on 06/24/2005 11:10:26 AM PDT by Mr. Jeeves ("Violence never settles anything." Genghis Khan, 1162-1227)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: Mr. Jeeves

Depends, I think.

Initially I think you're right. Market economies are resilient, and what it will really mean in the short term is that futures in lumber, building materials, etc. will be very high. Non-essentials will go low.

Depends on how many bombs go off.


174 posted on 06/24/2005 3:16:43 PM PDT by RinaseaofDs (The problem with socialism is that eventually you run out of other people's money.)
[ Post Reply | Private Reply | To 17 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson