India’s Economy Will Likely Withstand Terror Attacks

“‘This sort of incident is not new in India,’ said Templeton Asset Management Ltd. Chairman Mark Mobius, who oversees more than $24 billion in emerging-market stocks. ‘Life does go on in India. It’s a very vibrant economy.’”

The little bald man in his snazzy white suit is good at talking his book, but one look at the chart of the rupee plunging below its 2002 lows tells you all you need to know.

Post title may be too obscure, so I’ll remind you of the full verse (by Gus Kahn):

He doesn’t make much money
Five thousand dollars per;
Some judge who thinks he’s funny
Says, “You pay six to her.”
He says, “Now judge, suppose I fail?”
The judge says, “Bud, right into jail.
You’d better keep her
You’ll find it cheaper
Than making whoopee.”

Related: Asia’s Worst-Performing Currency, June 23, 2008