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Thread: What's the Impact of the China Quake

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[quote=JSUMMERS83,288478]Jimmy, the fact is that whether it is American or Chinese media, projections on the death toll are going to be guesses by either group.  Right now the Chinese media is reporting the number of confirmed deaths, while the American media is projecting the devastating toll this quake will have as a whole.  I believe both could be correct.

However, the sad truth is that with every passing day, numbers from both country's media outlets are projecting higher and higher numbers.  The number of "missing" people is numbered in the multiple tens of thousands.  The more time that passes between the earthquake and their rescue, the more likely the rescue effort will unfortunately become a recovery effort.  As I've said before, I just hope and pray that this doesn't reach the 100,000 mark that Steve originally mis-typed (at least I think so).

And to keep with this thread's theme, I just read that of the estimated $20 billion in damage this earthquake has probably caused, only about 5% of that is insured.  In other words, will this affect the country's economy as a whole?  I doubt it will too much.  But the individuals and families in this region are going to be devastated for possibly the next decade or even longer.  Sometimes we look at the big picture too long and fail to realize just how much this is going to affect individual lives.  Many will be starting life from scratch, and in the whole scheme of things, I think that's much more devastating than a small dip in the market.[/quote]

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