Posted on 04/26/2009 4:07:43 PM PDT by TornadoAlley3
Travel and hotel groups are braced for a turbulent ride today as stock markets react to fears over the strain of swine flu that was reported to have killed up to 71 people and closed much of public life in Mexico at the weekend.
Analysts said that the news would revive memories of the 2002-03 severe acute respiratory syndrome (Sars) outbreak.
Although the disease, first noticed in southern China in November 2002, was short-lived, it caused the deaths of 774 people worldwide and had a devastating impact on the Asian economy — particularly in Hong Kong — and on the shares of many international companies with an economic interest in the Far East.
Geof Collyer, leisure analyst at Deutsche Bank, said that although the impact on tour operators would be limited, as Mexico accounted for a small part of their bookings, cruise operators could be affected as Cancún was one of the world’s busiest cruise ports.
In Asia, dealers said that any sell-off was likely to be in airline and travel-related stocks until more was known of the extent of the danger posed by the disease and its probable impact on global trade.
One dealer said that markets were likely to reassess their stance if more countries followed Russia’s decision yesterday to ban meat imports from Mexico, some parts of the United States and several South American countries.
(Excerpt) Read more at business.timesonline.co.uk ...
S&P futures down 11 right now.
Print a few trillion and bail them out 'cause they are just too big to fail and we all will be fine....trust me.
Is it inappropriate to reference our economy as being the Obama slide?
“Fear, fear, fear...”
(Sung to the tune of Spam)
Slowing travel with Mexico is better than killing the customers. There is an economic cost to this kind of thing that can not be avoided.
Some Washington ass-wipe calling for closing the border to stop the flu! What a maroon! The border should have been closed since 1776! These wetbacks bring in pregnant women who give birth in our hospitals at our expense, they carry TB and spread it throughout the US, they are murders who form gangs here, they take our welfare, get driver’s licenses, are given mortgages with NO down payment or proof of citizenship, and they’re taking over our country!! The flu???????????????? Hell, that’s the least of our worries!
Timing is everything. After we all went out and had our hugely successful tea parties, now gubmint doesn’t want us to leave our homes or meet in public.
Flew home to TX from orange co 3 weeks ago. Lady next to me was having chills and coughing and generally really too sick to fly. Got home in Dallas, took Tamiflu for next 2 days...thank God. I am well. Am sure I was seeing and flying beside a really sick woman probably this flu.
Russia’s decision yesterday to ban meat imports from Mexico, some parts of the United States and several South American countries.
Venezuela among them? Probably not.
I am booked on a Panama Canal cruise next September, hope this blows over by then.
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