What If.....U.S. Economy?

Question

What would happen to the stock market if a meteor impacted the earth? What would happen to the global markets and the U.S. market? Say a meteor hits inside U.S. borders and takes out two states.

Answer 1

The U.S. has a remarkably flexible and resilient economy.

Although the destruction from the meteor would result in an enormous loss of physical and human capital, people would go on with business as usual, even if a few more eyes would be turned to the sky.

On the other hand, a terrorist attack (say nuclear) that wiped out two states would have a much more detrimental effect on our economy.

In this scenario, people would realize that the attack was not a random occurrence and realize that another attack was possible if not imminent. This fear would adversely affect American's spending and lending practices for a much longer period of time than the meteor, resulting in a much larger and longer lasting impact on our economy.

Answer 2

Actually consider the DAMAGE of the IMPACT. If it takes out two states, large corporations, Federal buildings, military, and so forth would take a major setback, thus bringing damage to the U.S. stock market. But methinks it might not sever the global market. Maybe a recession of some sort, but nothing massive.

Answer 3

First, it depends on where it hits. If it is in a rural area, it probably will have less of an affect on the market than cities. The market would immediately take a dive, and then skyrocket (many people buy during a crisis). Its a terrible thing to note, but people profit from tragedies.

Answer 4

Depends on wich two staes. If New York or Califonia, yeah

Answer 5

Paper would be near worthless, bartering and gold would take place for many years

Answer 6

Hopefully it would land on Oklahoma, so there'd be no economic effects.