Fearmongering Hits Mexican Economy And Pork Prices Hard

It has been entertaining (kind of) to watch the amount of fear based generated by the supposed, alleged, sort of a pandemic caused by the swine flu. Unfortunately, today Reuters has burst the bubble:

Its global spread has kept alive fears of a possible pandemic, although scientists say this strain does not appear more deadly than seasonal flu. via WRAPUP 2-Chinese, Mexicans return home as flu fears ease | Markets | Markets News | Reuters.

The bad news is that Mexican citizens have been held in quaranteen all over the world. The Mexican tourism industry has taken a huge hit and pork producers are seeing the prices for pork fall as the great unwashed start to believe they can catch the flu from their pork chop.

The good news is that UN and WHO officials have gotten huge amounts of media air time and they all can have a big meeting in Geneva in a few weeks, drink excellent cocktails and enjoy gourmet dinners.

According to the article above the number of confirmed death by swine flu has reached the staggering total of 26. By comparison, in the U.S. (pop. 300+ million) approximately 7,000 people die every day from various causes. Think about it.

Subscribe by RSS Subscribe by Email