For the last night or two the markets were down. The ASX fell, the Nikkei shed value, the FTSE dropped and Wall Street was shaky. However, it was not the recession, the credit crunch or the recent usual suspects but rather Swine Flu that was causing the drop.
So all the stimulus packages and the spending of money to stimulate economies obviously is unnecessary. All we needed to overcome the global financial crisis was some Swine Flu – a couple of weeks of this and the fears of recession will be well forgotten as the recession becomes yesterday news.
Hmm, maybe Malthus was correct after all.
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