Quote:
Originally Posted by ZenGum
Somehow, everyone has been to polite to mention this, but a shock like this might be what breaks the dam wall, so to speak. An iron-faced repudiation of a gazillion yen worth of debt is not out of the question.
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You are confusing cash flow with growth. Consider how economics measures. Rebuilding will mean an increase in Japan's economic growth numbers.
Learn why money games have less correlation with reality. What happened to insurance company values after both Andrew and Katrina? Both eventually caused an increase in insurance company stock prices. And had little negative effect on their value.
Where is some of America's strongest growth? In the New Orleans region.
How to increase this nation's GDP? Simply require everyone to replace their front lawns annually. When profits do not appear four or ten years later, then economics takes revenge.
When rebuilding something that actually has an ROI years later, then little if any economic punishment.
In a year or so, every Cellar dweller with interest in earning from their investment will consider exchange traded funds for the Japanese economy.
Meanwhile, you should have seen something far more serious. One nuclear plant was in a Three Mile Island event over 24 hours ago. And like Three Mile Island, the 'powers that be' are only saying what they know. During Three Mile Island, that was MBAs lying because they had no idea how a power plant works. Lied so much that reporters openly ignore Met Ed management and openly said so in their reports. We now know Three Mile Island technical people were openly crying for help from the very beginning. And Met Ed MBAs ignore those requests due to complete technical ignorance. Question remains what Tokyo Electric management is. From what they have said, it was obvious before my previous post that the core had melted.
Let's be clear. Three Mile Island was dependent for one year on pumps that were damaged and could have failed at any time. Then the event would have restarted. Yes, Three Mile Island was a crisis for a year. Fukushima One had no way to pump coolant into it. Whether any cooling system can be restored is unknown. We know the building containing the reactor core exploded. And nobody is saying why. That is troubling.
There will be dangerous radiation leaks. Only question is how much.
Two other plants are also suffering less coolant failures.
How poor is information? Four whole trains completely disappeared. None of those carriages have yet been found. It implies how much remains unknown. Suggests how much higher a death counts will rise. How many tens of thousands? A reasonable number.
Amazing during this event, the local gossip 'top story' was about local flooding due to a few trivial inches of rain.