Well, there was a near-record earthquake, and a devastating Tsunami. The nuclear reactor accident is the localized disaster, and it isn’t what caused the major disruption in the economy. It’s having all the factories shut down, and hundreds of thousands of poeple displaced, their homes destroyed.
It’s tens of thousands of people dead, and tens of thousands more injured. The surviving victims and their families I’m sure could explain how the earthquake and tsunami were a little more of a tragedy than a destroyed nuclear reactor.
Do you know anything about economics?????
The Tsunami isn’t the problem.
At least 3 core meltdowns with leaks are going to cause a HUGE GLOBAL problem
I am not going to sit here and give you an economics lession
Do you know ANYTHING about yen carry trades and credit default swaps?
How about what happens when the manufacturers have to shut down because of the power issues.
Ever consider that Japan’s exports are going to plunge while they are going to have to do a lot of buying.
What about if they have to sell our bonds??
What if they can’t buy any more of our bonds??
This is about more than ..oh no one died yet..or oh..the radiation level isn’t high 250 kilometers away.
DID YOU PAY ATTENTION TO 2008 Market meltdown and the RIPPLE EFFECT ACROSS THE GLOBE????
Japan is the 3rd largest economy (at least last time I looked..it had been Number 2). Have you noticed why Greece is in trouble??? Credit default swaps are part of the problem for them. Remember AIG in 2008??? Credit default swaps.
Right now the world economy is on the brink. In 2008 I think all it took was a Senator from New York leaking some information for the house of cards to collapse.
This time, I am watching to see what it will be. It could come from anywhere at anytime.
The world is in chaos.
But I am not going to go through the economics of this.
I am NOT interested in people posting to me like you are.
Come back in 30 days. Until then don’t post to me.
I AM NOT INTERESTED.