THE SAFE HAVEN BOUNCE
Then, in addition, there's something the Wall Street
Journal refers to as the "Safe Haven Bounce." That
newspaper reports: "Worries about war and terrorism are
sparking a sudden spurt in the number of Americans buying
vacation homes in the Caribbean."
Sales activity in the Cayman Islands, for example, the
article reports, increased 62% in the first two months of
2003 compared with last... 32% in the Dominican Republic
last December and January.
Americans are looking for quiet getaways, where they can
escape the worries of war, terrorism, and uncertain
financial markets... peaceful retreats that are,
critically, close to home.