Even if Japan’s nuclear crisis is contained, its earthquake and tsunami now seem certain to be, economically speaking, among the worst natural disasters in history, with total losses potentially as high as two hundred billion dollars. In response, fearful investors sent the Nikkei down almost twenty per cent on the first day of trading after the tsunami, and it’s still down more than ten per cent. Yet, while the fear is understandable, this may turn out to have been an overreaction: history suggests that, despite the terrifying destruction and the horrific human toll, the...
Source: http://www.realclearpolitics.com/2011/03/21/why_japan_will_bounce_back_quickly_252379.html
Jimmy Carter Joe Biden Joe Lieberman John Barrasso John Cornyn
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