Friday, May 1, 2009

The Audacity of Death

From Ellen Wulfhorst (Reuters, High-profile suicides reveal acute pain of crisis, May 1, 2009):
German billionaire businessman Adolf Merckle killed himself in January after heavy stock market losses, and Frenchman Thierry Magon de la Villehuchet, co-founder of money manager Access International, was found dead in December, reportedly distraught over losing up to $1.4 billion in client money to Bernard Madoff's fraud.

It is too soon for this recession to show statistical evidence of a rise in suicides, but suicide has not typically been a symptom of past recessions, said Dr. Alan Berman, executive director of the American Association of Suicidology.

This is the change most of us were expecting.  

Dr. (Helen) Smith's post comes to mind again.

What will also be interesting is to monitor the alcohol consumption rate. The increased prices (and taxes) on alcohol will only delay the rise, not prevent it, as well as forcing people to cheaper products.