Ebola and Africa

What is happening in Africa?

The Ebola outbreak in West Africa has infected over 1300 people. This has many worried that its economic effects could retard progress in an area that badly needs growth. Ebola is particularly virulent, spread through contact with any kind of body fluid, such as sweat or blood. And there’s no specific treatment or vaccine.

Shakespeare was well-acquainted with disease and death. The bubonic plague swept through London several times during his life, killing three of his sisters, his brother, and his son. His plays are filled with references to pestilence and plague. When characters are “shut up,” it recalls the early practice of quarantine, confining the sick in their houses to prevent contagion. Since bubonic plague was transmitted by fleas—often carried by rats—such isolation didn’t work too well.

Those infected with the plague seemed fated to sicken and die. “The stars pour down plagues,” exclaims one of the characters in Love’s Labor’s Lost. But fate is not the final word in Shakespeare. Our outcomes lie in our choices, not our stars. His heroes rise or fall because of the decisions they make, not due to external factors.

Ultimately, Africa’s future depends on its own actions. The virus plaguing Guinea and Liberia will hurt those countries, but it can’t halt their economic progress. 10 of the 15 fastest growing countries in the world are in Africa. Africa’s future lies not in its afflictions, but in what it adopts.


Douglas R. Tengdin, CFA
Chief Investment Officer
Phone: 603-224-1350
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By | 2017-07-17T12:34:16+00:00 August 6th, 2014|Global Market Update|0 Comments

About the Author:

Mr. Tengdin is the Chief Investment Officer at Charter Trust Company and author of “The Global Market Update”. The audio version of each post can be heard on radio stations throughout New England every weekday. Mr. Tengdin graduated from Dartmouth College, Magna Cum Laude. He received his Master of Arts from Trinity Divinity School, Magna Cum Laude and received his Chartered Financial Analyst (CFA) designation in 1992. Mr. Tengdin has been managing investment portfolios for over 30 years, working for Bank of Boston, State Street Global Advisors, Citibank – Tunisia, and Banknorth Group. Throughout his career, Mr. Tengdin has emphasized helping clients manage their financial risks in difficult environments where they can profit from investing in diverse assets in diverse settings. –
Leave a comment if you have any questions—I read them all!
– And Follow me on Twitter @GlobalMarketUpd

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