The Swine Flu
Abdulaziz AlMulla
Tijuana Donkey Show
A swine flu epidemic is the last thing the economy needs. Even if it gets stopped and doesn’t spread, it’s already wreaked some havoc on the world of finance.
Crude oil has dropped roughly three percent in light of the recent swine flu news. Worries over less travel have begun to unravel the commodity’s twelve percent increase this year in just a couple of days.
The global economy is forecasted, according to the International Monetary Fund, to shrink by 1.3% despite a 0.5% prediction to grow earlier this year.
The U.S. dollar has grown in strength, appreciating 1.6% against the Euro from last week (at $1.3036). Continued fears over the economy shrinking will persist in driving the dollar up. One must also keep in mind the World Heath Organization has upgraded the swine flu pandemic alert to phase four, which represents sustained human to human transition, out of six. What then?
My thoughts? It isn’t worth the donkey show.
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