Financial Review article on Saudi car attacks.
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Thursday, December 30, 2004
Are you any good at economics?
I can manage my own finances, but this economic rationale approach to life is driving me crazy. I am not a high roller, have no wish to be, and think that we need a society first and not an economy. I don't like the economic rationale approach to things.It fails in the end because you can buy someone's back but you can't buy their heart and their brain. I have been trying to work out the financial side to this tsunami . Places like Indonesia and Sri Lanka are carrying a huge overseas debt. What will happen because whole huge sections of their country and people have been completely wiped out? I wish they'd stop talking about infrastructure. "They have no infastructure." Then the Channel nine news had a picture of one of the places with "Apocalypse" superimposed on it. I kid you not. Bit harsh. I am certain they didn't mean it. I think they forgot to consult their thesaurus for other words for tragedy and disaster. Aceh, doesn't have an infrastructure. Think about it. Saying that means nothing because you look at all the water, the broken buildings and cars, the dead, the sad faces and then the spirit of these people who clearly had little and now have no infrastructure!! They are hugely strong people spiritually, I can see that. They have annihilation on their hands. They've been wiped out and their spirits are holding them together. Given that...how are they going to generate funds to repay overseas debt? The way I see it , it has to strain the economies of these countries. Yet I read, and cannot find a single site to point me in the right direction, that India and Indonesia had performed well on the stock exchange. What? Big tsunami means stock market gains? I have looked for an hour and either you have to subscribe to the information, I can interpret little of what I find, or the server is unlocatable...maybe washed away? So I ended up reading this article on the Financial Review site...and I rest my case. How on earth do alleged(it says they appeared that way?!) car bombings make oil prices go up? To me it's bonkers. Maybe some blogger will demystify it for me on their site. In the mean time, toodle-oo.
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