The tragic news coming out of Japan is almost beyond comprehension let alone description. There is so much news coming out now it is hard to keep up. I have simply been doing a lot of reading, watching and listening.
I have a question. Was it just me or did anyone else find the mainstream television media AWOL in coverage of Japanese events over this past weekend, in particular the explosion at reactor 1 at Fukishima? Yes I know March Madness (which I am a complete junkie) is around the corner and I know Charlie Sheen is making news but are they kidding? Luckily for me, outfits on the net like Alex Jones over at Prison Planet and the cats over at Zero Hedge had the news out of Japan coming non stop (thx guys). Take note mainstream media on how news is reported not distorted.
Japan to rebuild?
I don't know. Debt to GDP of about 200%. Maybe this is the type of situation that people like my grandpa were referring to when they used the phrase 'rainy day' fund. Too bad all the financial genius' populating the Japanese government were too busy throwing money down a rat hole trying to stimulate their economy year after year as they blew said rainy day fund and then some. All that money might prove a tad useful now but what would I know. I'm not Ivy league educated.
Interesting to note that the French, a group that know just a smidge about nuclear, have advised all their nationals to leave Japan.
I am no nuclear physicist but I can assure you that with and explosion at reactor 1, then the explosion at reactor 3 and now this evening an explosion at reactor 2 (everything is contained according to gov't there huh, kinda sounds like subprime right) things are not okay. What was that quote again, oh yeah, he who panics first panics best!
Yes, governments never lie to us. They never obfuscate and misdirect. Further to that can you believe global traders and speculators are selling the Nikkei instead of buying? What is wrong with these guys? Don't they understand this is all bullish for stocks? Haven' they heard of the Keynesian's favourite phrase 'creative destruction'.
In the middle east reports are now out that the Saudi troops have entered into Bahrain. Yes readers all around the globe all is well. Stocks are cheap. Maybe we should start bidding up engineering, material and construction stocks as all this potential future infrastructure devastation is most certainly extraordinarily bullish ! good for GDP numbers, good for employment! Just ask any Wall St. analyst whose bonus depends on it!
By their Ivy league logic a Bahrain that looked like an an ashtray, a Libya that looked a wildfire and the island of Japan an desolate wasteland would be yet 3 more reasons to bid up U.S. equity futures. I adore critical thinking skills.
Good speculating to you all and please remember to never forget that "an investor is a speculator who made a mistake and will not admit it".
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