10/03/2005

Business shrugs off Katrina---WTF? Well it might be that New Orleans has a gross domestic product of .00001 and Louisiana, a backwater swamp, has about .00002. Business left New Orleans more than a decade ago, unwilling to pay the sky high insurance rates for staying there. I guess that's why the stock market kept going up, the smart money knew that Louisiana is a Third World economy seeking to be Fourth World. All they have is oil and a port, neither of which will be affected for more than a few days more; the port will be fully operational by December 1, and Galveston can handle the goods til then, in fact that business may never return to New Orleans.

No comments: