Best of the Week
Most Popular
1. 2019 From A Fourth Turning Perspective - James_Quinn
2.Beware the Young Stocks Bear Market! - Zeal_LLC
3.Safe Havens are Surging. What this Means for Stocks 2019 - Troy_Bombardia
4.Most Popular Financial Markets Analysis of 2018 - Trump and BrExit Chaos Dominate - Nadeem_Walayat
5.January 2019 Financial Markets Analysis and Forecasts - Nadeem_Walayat
6.Silver Price Trend Analysis 2019 - Nadeem_Walayat
7.Why 90% of Traders Lose - Nadeem_Walayat
8.What to do With Your Money in a Stocks Bear Market - Stephen_McBride
9.Stock Market What to Expect in the First 3~5 Months of 2019 - Chris_Vermeulen
10.China, Global Economy has Tipped over: The Surging Dollar and the Rallying Yen - FXCOT
Last 7 days
Stock Market Bull Trap? January 22 Top Likely - 19th Jan 19
After the Crash, the Stock Market Made a V-shaped Recovery. What’s Next - 19th Jan 19
David Morgan: Expect Stagflation and Silver Outperformance in 2019 - 19th Jan 19
Why Brampton Manor Academy State School 41 Oxbridge Offers is Nothing to Celebrate! - 19th Jan 19
REMAIN Parliament Prepares to Subvert BrExit with Peoples Vote FIXED 2nd EU Referendum - 19th Jan 19
Gold Surges on Stock Selloff - 18th Jan 19
Crude Oil Price Will Find Strong Resistance Between $52~55 - 18th Jan 19
Stock Market’s Medium Term is No Longer Bullish. It is Now Mixed - 18th Jan 19
SPX and Gold; Pivotal Points at Hand - 18th Jan 19
Fable Media Launches New GoWin Online Casino Affiliate Site in UK - 18th Jan 19
The End of Apple! - 18th Jan 19
Debt, Division, Dysfunction, and the March to National Bankruptcy - 18th Jan 19
Creating the Best Office Space - 18th Jan 19
S&P 500 at Resistance Level, Downward Correction Ahead? - 17th Jan 19
Mauldin: My 2019 Economic Outlook - 17th Jan 19
Macro Could Weaken After US Government Shutdown. What This Means for Stocks - 17th Jan 19
US Stock Market Indexes Reaches Fibonacci Target Zone – Where to Next? - 17th Jan 19
How 2018 Was For The UK Casino Industry - 17th Jan 19
Gold Price – US$700 Or US$7000? - 16th Jan 19
Commodities Are the Right Story for 2019 - 16th Jan 19
Bitcoin Price Wavers - 15th Jan 19
History Shows That “Disruptor Stocks” Will Make You the Most Money in a Bear Market - 15th Jan 19
What Will the Stock Market Do Around Earnings Season - 15th Jan 19
2018-2019 Pop Goes The Debt Bubble - 15th Jan 19
Are Global Stock Markets About To Rally 10 Percent? - 15th Jan 19
Here's something to make you money in 2019 - 15th Jan 19
Theresa May to Lose by Over 200 Votes as Remain MP's Plot Subverting Brexit - 15th Jan 19
Europe is Burning - 14th Jan 19
S&P 500 Bounces Off 2,600, Downward Reversal? - 14th Jan 19
Gold A Rally or a Bull Market? - 14th Jan 19
Gold Stocks, Dollar and Oil Cycle Moves to Profit from in 2019 - 14th Jan 19
How To Profit From The Death Of Las Vegas - 14th Jan 19
Real Reason for Land Rover Crisis is Poor Quality of Build - 14th Jan 19
Stock Market Looking Toppy! - 13th Jan 19
Liquidity, Money Supply, and Insolvency - 13th Jan 19
Top Ten Trends Lead to Gold Price - 13th Jan 19
Silver: A Long Term Perspective - 13th Jan 19
Trump's Impeachment? Watch the Stock Market - 12th Jan 19
Big Silver Move Foreshadowed as Industrial Panic Looms - 12th Jan 19
Gold GDXJ Upside Bests GDX - 12th Jan 19
Devastating Investment Losses Are Coming: What Is Your Advisor Doing About It? - 12th Jan 19
Things to do Before Choosing the Right Credit Card - 12th Jan 19
Japanese Yen Outlook In 2019 - 11th Jan 19
Yield curve suggests that US Recession is near: Trading Setups - 11th Jan 19
How Unrealistic Return Assumptions Are Ruining Your Stocks Portfolio - 10th Jan 19
What’s Next for the US Dollar, Gold, Stocks & Bonds? - 10th Jan 19
America's New Africa Strategy - 10th Jan 19
Gold Mine Production by Country - 10th Jan 19
Gold, Stocks and the Flattening Yield Curve - 10th Jan 19
Silver Price Trend Forecast Target for 2019 - 10th Jan 19

Market Oracle FREE Newsletter

Bitcoin Analysis and Trend Forecast 2019

Swine Flu to Accelerate Collapse of Global Economy

Politics / Recession 2008 - 2010 Apr 28, 2009 - 01:12 AM GMT

By: Pravda


Best Financial Markets Analysis ArticleMankind has finally become aware that the financial crisis is not the most dangerous thing in the world. The world has come across a new danger – the swine flu virus. Many explain yesterday’s reduction of stock markets with the threat of the epidemic of the new disease. The struggle against the distribution of the new virus has made a number of countries ban the imports of pork. Russia introduced a ban too.

Russia will not suffer from a shortage of pork. The cattle-breeding industry in the country still shows positive indexes despite the crisis.

Swine flu has become the most talked-about subject in only a couple of days. This disease was originally discovered during the 1970s, although it was believed that the virus was not dangerous to humans. However, a year-old child died of the disease in China in 1999.

Three incidents of the infection when the virus was transmitted to humans were reported in 2007 in the USA. This year the epidemic has taken a new international scale. The first incidents were registered on March 18 in Mexico.

Over 1,600 people have been infected with swine flu so far, over 100 people have already died of the infection. Infective episodes were reported in the USA, Spain and Canada.

Experts say that the new epidemic will slow down the USA ’s extrication from the crisis, which will automatically prolong the crisis in the rest of the world.

The epidemic may instantly destroy the glimmers of hope that have recently appeared in the United States at such heavy costs. The threat of the epidemic, the pesthole of which is located in Mexico, will inevitably affect the precarious consumer confidence which has just begun to recover in the country, analysts say.

A state of emergency push the government of the USA and other countries to take a series of measures that do not come together with the policy to boost the home demand.

If the epidemic continues to develop, there will be tough measures taken to restrict the movement of the labor force. A serious decline in the tourist industry in the countries of the American continent is also likely to occur.

It is worthy of note that the losses of the world economy from the previous global epidemic (bird flu) are evaluated at tens of billions of dollars.

A special governmental committee has been established in Russia to prevent the distribution of swine flu. The import of pork from the countries of the Caribbean region – Guatemala , Honduras , the Dominican Republic, Columbia, Costa Rica, Cuba, Nicaragua, Panama and Salvador – has been banned. The import of any type of meat and meat products from Mexico and three US states to Russia has been banned too.

The production of meat in Russia has grown by 8.7 percent in March of 2009. Therefore, the restriction of imports from Mexico, the USA and the Caribbean region will not affect the meat market of the Russian Federation.

To crown it all, the World Health Organization says that it is impossible to catch the infection via food. There has been no evidence found to prove the presence of the virus in pork.

Darya Yurisheva

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

Pravda Archive

© 2005-2018 - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


julian grajewski
28 Apr 09, 17:43
the economic collapse caused the swine flu pandemic, not the other way around

you have it wrong: the financial and economic collapse is affecting nutrition and hygiene in the population and depressing the immnune system allowing pandemics to break out as a lawful consequence.

Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules