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date: Sat, 11 Oct 2008 03:53:13 +0200,    group: uk.politics.misc        back       
the hurricane, the meteorologist and the householder in the storm...moore muzes on the financial gum-up...   
http://www.telegraph.co.uk/opinion/main.jhtml?xml=/opinion/2008/10/11/do1104.xml
"This week, I spoke to Mr Ruffer again. He likes comparisons. He made
one with the weather. If you are in a hurricane, he said, you are
rightly extremely frightened - you may lose everything, you may even
die. But if you are a meteorologist, a hurricane, though extreme, is a
recognisable phenomenon. It is part of weather. It will pass.

The same is true with a financial crisis. It cannot be avoided, but
people will suffer more or less, depending on how good was their
protection before it began, how quick was the emergency help when it
happened, and how well organised was the recovery. People felt so
upset about Hurricane Katrina not just because it was a terrible
natural event, but because the response was inadequate. So with the
credit crunch."


regards

-- 
web site at www.abelard.org - news comment service, logic, economics 
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  all that is necessary for       []     walk quietly and carry
  the triumph of evil is that      []           a big stick.
  good people do nothing     []   trust actions not words
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date: Sat, 11 Oct 2008 03:53:13 +0200   author:   abelard

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