Look who the earthquake woke up! Now the Japanese have a really big probelem!
Posted on 03/12/2011 8:01:39 AM PST by TigerLikesRooster
Saudi reports spur safety bid, auction supports
By Chris Reese
NEW YORK | Thu Mar 10, 2011 5:10pm EST
NEW YORK (Reuters) - U.S. Treasury debt prices soared on Thursday as reports of unrest in Saudi Arabia deepened concerns over tensions in the Middle East and North Africa, driving a safety bid that analysts said could dominate the market over the short term.
Reports that Saudi police had dispersed a protest, with shots heard at the scene, fueled worries over possible oil supply disruptions and the potential impact of soaring oil prices on the economic recovery.
"The entire Treasury market found massive buyers with the headlines out of Saudi Arabia," said Justin Lederer, fixed-income rates strategist at Cantor Fitzgerald. "The overall long-term outlook is for higher Treasury rates -- we remain positive on Treasuries in the near term, especially given the global unease."
(Excerpt) Read more at reuters.com ...
P!
Maybe that will help now that Japan won’t be buying Obama Bonds.
I can understand why the news out of Saudi Arabia would trigger a flight to safety and quality; I just don’t understand why given what has unfolded over the past two years that this in any way equates with a flight to treasuries.
Not money from the Saudis, money seeking a safe haven.
Maybe that will help now that Japan won’t be buying Obama Bonds.>>>>>>>>>
Could have to sell some to spend at home on earthquake recovery. Hopefully they spend some here, would buy some Caterpillar earthmoving equipment
Japan has pretty competitive Earth Moving equipment.
Japan has pretty competitive Earth Moving equipment.>>>>>>>>>
Yeah but maybe Kubota etc can’t produce right now same as Japan’s automobile makers are shutdown right now
What a mess over there.
What a mess over there.>>>>>>>>
Lots of Japanese farmland will be out of commission for a while due to having a layer of saltwater mud put on top of it...not to mention tons of debris. The Japanese are very meticulous farmers so this ugliness will drive them nuts.
I wonder how much of Japan is messed up?
Look who the earthquake woke up! Now the Japanese have a really big probelem!
Maybe Rodan will save them.
I wonder how much of Japan is messed up?>>>>>>
Seems to a me a lot of their railways and electricity distribution systems are messed up. Areas actually flooded by tsunami are not that large from what I see.
A nuclear reactor may blow but most likely will be a contained meltdown.
If that happens the radiation could make it to California.
I has nightmares after seeing Rodan as a youngster.
The MSM, Reuters included, seem to WANT unrest to spread. However, in KSA it is important to say where the "protests," are taking place. If it is the perennial Shiite v Sunni Wahabbist nonsense in the NE of the country, forget about it, it is a pro-forma, Iranian-sponsored demo. That's where the oil is and those folks have it too good to be serious protesters. All it means is that they have too much time on their hands and are being whipped up by their bull-shiite imams at the daily prayer meetings.
My money and my best wishes are with the Sunnis, who as always, should be able to contain the Shiite demos with a minimum of damage. "Shots fired." Whoop-de-doo, left wing reporters. Call me when they hit someone.
Demos in Riyadh? OK, folks, demo over. Get back in the Toyota and continue your daily fast-food joint tour. The population growth for Saudi Nationals has been so rapid and so huge, that there really is a problem finding make-believe work for all of them, not that they seriously want that, and keeping up the massive social safety net that Saudi Nationals automatically receive.
The huge number of guest worker who are from Third World countries are horribly treated. If it is they who are in the mob, woe betide their sorry asses. The Saudis will have all the few survivors out on the next flight, and recruit new workers the next day.
Saudis do nothing for themselves, from the humblest municipal services to dry-cleaning or flipping burgers. They might be supervisors ... and they definitely control the money, but that's it. The Saudis are a little weird after 3 millenia of 1st cousin inbreeding, but even their lowest classes are not dumb enough to FU a free lunch.
The princes who run the country are also smart enough to shell out for that lunch, even if begrudgingly (I hope. Met some really dumb ones!) There are poor Saudis, but they do have free food, clothing, shelter, transport, medical care. Although there are sometimes no suitable brides for a lot of young men, most of them wind up with multiple wives at a time and dozens of children. In the meantime, if the local princes are sharp enough to notice, they support the mosque where these guys hang out. From their ranks come the al-qaida leaders and fighters, which the princes don't really mind because they don't do that at home! (We all hope!)
Toto, I don't think we are in Kansas. Any misguided Affirmative Action DC Anus who is entertaining thoughts of supporting the overthrow of this oil-producing feudal monarchy is crazier than a bomb-vested Shiite MF. Take out the House of Saud and I goron-tee you, you ain't gonna like what's next.
I liked it.
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