CNBC's Larry Kudlow: 'Human Toll' vs. 'Economic Toll'
Earthquake. Tsunami. Nuclear meltdowns. But, more importantly, what about your investment portfolio?
From Vanity Fair:
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 0:35 on the video.)