Eating is an agricultural act - Wendell Berry

Friday, September 21, 2007

tsunami and stock markets

this curious connection was highlighted in a speech by sainath at an awards function yesterday.
here is the article where he briefly mentions this connection to bolster his arguments on the inequality inherent in today's much lauded 'india growth story'.

....he recalled how when the 2004 tsunami struck, the stock markets of five badly affected countries—India, Indonesia, Sri Lanka, Malaysia and Thailand—boomed.
i found these archives on the sensex in december 2004. it is quite interesting to see the daily commentary towards the last week of the year.
on dec 27 2004, which was the first trading day after the tsunami hit, sensex and nifty hit new highs of 6567 and 2079 respectively.

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