An Impending Economic and Humanitarian Catastrophe?

A new report from investment bank BMO Nesbitt Burns paints a decidedly unpleasant picture for investors as well as the population at large regarding the potential effects of a pandemic of inter human transmissible Avian Flu. The disease, as its name suggests, mainly afflicts fowl, but certain strains can be pathogenic to humans and if such a variant becomes widespread then the world could be in for a nasty shock.

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In this worst case scenario the outlook for commodities, indeed for all asset classes, would purportedly be bleak. Oil, equities, property and base metals would decline rapidly and substantially in value as demand for them evaporated.

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