In these tough economic times, isn’t it nice to know that calamitous natural disasters needn’t have an adverse affect on your investment portfolio? After the 8.9-magnitude earthquake in Japan failed to induce a market nosedive, CNBC’s Larry Kudlow expressed his relief in terms that seemed to appall even his fellow cheerleaders for capitalism: “The human toll here,” he declared, “looks to be much worse than the economic toll and we can be grateful for that.” (Skip ahead to 0:38 on the video after the jump.)
via Larry Kudlow Devalues Human Life With Japan Earthquake Freudian Slip | VF Daily | Vanity Fair.
What an amazing, insensitive thing to say. But then…this is how they really think. Hundreds, maybe thousands die? No biggie. But God forbid the Nikkei drops 1.4% like it did last night post-earthquake. That’s a real disaster.
It makes me retch.
