Thursday, March 17, 2011

What's next???

It has not been a quiet week in the world. I'm going to try to make some links and/or photos to help remember this for later. if it works has some satellite before and after photos of the earthquake/tsunami in Japan. There is a slider bar to compare the two photos.

Here is another list since 2001 borrowed from Big Picture and also Doug Kass

Black Swan events over the past decade

• Sept. 11, 2001, attacks on the World Trade Center and Pentagon;
• 78% decline in the Nasdaq;
• 2003 European heat wave (40,000 deaths);
• 2004 Tsunami in Sumatra, Indonesia (230,000 deaths);
• 2005 Kashmir, Pakistan, earthquake (80,000 deaths)
• 2008 Myanmar cyclone (140,000 deaths);
• 2008 Sichuan, China, earthquake ( 68,000 deaths);
• Derivatives roil the world’s banking system and financial markets;
• Failure of Lehman Brothers and the sale/liquidation of Bear Stearns;
• 30% drop in U.S. home prices;
• 2010 Port-Au-Prince, Haiti, earthquake (315,000 deaths);
• 2010 Russian heat wave (56,000 deaths);
• 2010 BP’s Gulf of Mexico oil spill;
• 2010 market flash crash (a 1,000-point drop in the DJIA);
• Surge of unrest in the Middle East; and
• Thursday’s earthquake and tsunami in Japan.

Quite a scary list above and if that was not enough the middle east is still very unstable in Libya and Saudi Arabia...

Of course stock markets hate uncertainty.

Three woes, all in one week: natural and man made disasters, political unrest, and economic downtrend!


Kickstand said...

Thanks for the uplifting inspirational entry. It is people like you who point people like me to God the creator and Jesus our savior.

ms said...

Now it is about a week later from that What's Next??? post and it seems that things have calmed down a bit and life goes on. The world calls these unexpected/unexplainable happenings 'Black Swan events', a kind of politically correct vocabulary and image. I am also wondering if the middle east unrest is really a facebook/twitter revolution??? Seems to me a suspicious explanation? Matthew 24.8 uses the term 'birth pains', and maybe they are... today all three events seem to have calmed down somewhat just like real birth pains.