Saturday August 15, 2020

Comment: The cost of terror

What is the economic cost of terror? Not much, if you go by the financial markets.

12th August, 2006

What is the economic cost of terror? Not much, if you go by the financial markets.

Shares tumbled a bit on Thursday as news of the terror alert in Britain hit, but by yesterday, the markets had steadied and the general conclusion of economic analysts was that no lasting damage had been done.

The truth is, of course, that they know no more than the rest of us about what has been uncovered over the...

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