[lbo-talk] Kudlow grateful for Japanese death toll

michael perelman michael.perelman3 at gmail.com
Sun Mar 13 10:12:22 PDT 2011


Yes, some of the burden of surplus capital is removed.


> On Sun, 13 Mar 2011 10:48:57 -0400 Doug Henwood <dhenwood at panix.com>
> writes:
>> In these tough economic times, isn’t it nice to know that calamitous
>> natural disasters needn't have an adverse affect on your investment
>> portfolio? After the 8.9-magnitude earthquake in Japan failed to
>> induce a market nosedive, CNBC’s Larry Kudlow expressed his relief
>> in terms that seemed to appall even his fellow cheerleaders for
>> capitalism: “The human toll here,” he declared, “looks to be much
>> worse than the economic toll and we can be grateful for that.” (Skip
>> ahead to 0:38 on the video after the jump.)
>>
>>

-- Michael Perelman Economics Department California State University Chico, CA 95929

530 898 5321 fax 530 898 5901 http://michaelperelman.wordpress.com



More information about the lbo-talk mailing list