Stock market looks bad,might be the big one.

Peter · Mar 16, 2011

Think next week will be a major down in the stockmarket.

Peter · Mar 16, 2011

France has urged its nationals living in Tokyo to leave the country or head to southern Japan due to the risk of nuclear radiation.

The French embassy in Tokyo said its advisory applied with immediate effect to those French nationals who were not obliged to remain in the city.

It said it had asked Air France to mobilise planes currently in Asia to evacuate French citizens, and two were already on their way.

(Reuters)

Agauholic · Mar 16, 2011

I'd probably leave... however

http://www.sibch.tv/share/contents/livecamera/ekimae.html
Looks like plenty of people going to work / going about their business to me...

tthace · Mar 16, 2011

joshrichy said:

Remember China is still working hard to bring some 100 reactors online each reactor requires quite a lot of uranium to start up.

Uranium supply/demand is still tight, there may be a lot of demonstrations by envirobots around the world but that will fall on def ears considering the energy demoands of larger population hubs.

Alternative cant be brought online fast enough... uranium bull market will continue.
Click to expand...

"China is the latest country to inspect its nuclear power stations as the crisis continues at Fukushima. Government officials said they will examine power stations currently under construction and that any failing to meet safety standards will be immediately halted. It has also frozen approvals on new plants (Reuters)"

Don't be fooled by PEN... it lost 65% of its value in a week. What is todays 40% up compared to that. Probably just traders jumping in for a quick buck. Juniors will get hammered more if they can't get further funding. IMO safer to go for the big boys if u want a uranium play.

JulieW · Mar 17, 2011

Scary thought is that Japan is up there with China and USA in economic terms.

This from prisonplanet.com is certainly food for thought - let alone the unfolding headlines currently:

#1 The Bank of Japan has announced that they have decided to flood the Japanese economy with 15 trillion yen. That is the equivalent of roughly $183 billion dollars. This is going to provide needed liquidity in the short-term, but it is also going to set Japan on a highly inflationary course.
#2 Japan's Nikkei 225 stock average declined by more than 6 percent on Monday. As the full extent of the damage becomes apparent more declines are likely.
#3 Oil refineries all over Japan have been severely damaged or destroyed. For example, six refineries that combine to process 31 percent of the oil for Japan have been totally shut down at least for now.
#4 The damage to roads, bridges, ports and rail systems is estimated to be in the billions of dollars. The damage done to power lines and water systems is almost unimaginable. It is going to take many years to rebuild the infrastructure of Japan.
#5 Right now the flow of goods and services in many areas of northern Japan has been reduced to a crawl, and this is likely to remain the case for quite some time.
#6 Many cities and towns along the east coast of Japan have essentially been completely destroyed.
#7 Japan's nuclear industry is essentially dead in the water at this point. Even if there is not a full-blown nuclear meltdown, the events that have transpired already have frightened people enough to cause a massive public outcry against nuclear power in Japan.
#8 Japan is going to need even more oil and natural gas in the long run to replace lost nuclear energy production. Prior to this crisis, Japan derived 29 percent of its electricity from nuclear power.
#9 Japan is the second largest foreign holder of U.S. government debt, but that is about to change. Japan currently has about $882 billion in U.S. Treasury bonds and they are going to have to liquidate much of that in order to fund the rebuilding of their nation.
#10 Many factories in Japan are closing down at least temporarily. For example, Nissan has shut down four factories and Sony has shut down six factories.
#11 Toyota has shut down all production at its factories in Japan until at least March 16th.
#12 A substantial number of Japanese financial institutions and insurance companies are absolutely going to be devastated by this nightmare.
#13 Japan's budget deficit was already 9 percent of GDP even before this tragedy. Now they are going to have to borrow lots more money to fund the rebuilding effort.
#14 Japan's national debt was already well over 200 percent of GDP even before this tragedy. How much farther into the danger zone can they possibly go?
Sadly, as the economy of Japan goes down it is going to have a huge affect on the rest of the world as well. For example, Japan is no longer going to be able to buy up huge amounts of U.S. Treasuries. So who is going to pick up the slack? Will our government officials beg China to lend us even more money? Will the Federal Reserve just "buy" even more of our government debt?
Right now there are more questions than there are answers, but what is clear is that the Japanese economy has just been dealt an incapacitating blow. Hopefully this tragedy will bring out the best in the Japanese people, but no matter how resilient they are, the truth is that this is something that no nation would be able to bounce back from quickly.
Let us hope that the economic damage from this tragedy will be contained and will not spread to the rest of the world. The global economy is already in enough trouble, and hopefully this tragedy will not cause a cascade of economic failures to sweep the globe.
Click to expand...

http://www.prisonplanet.com/14-reasons-why-the-economic-collapse-of-japan-has-begun.html

Clawhammer · Mar 17, 2011

JulieW said:

Scary thought is that Japan is up there with China and USA in economic terms.
This from prisonplanet.com is certainly food for thought - let alone the unfolding headlines currently:
Click to expand...

Some pluses to find in all the doom...

So there's no power or oil...but it woin't matter because the roads and rail are destroyed so no one can go anywhere anyway
They're going over 9% into the red this budget....but it won't really matter anyway because they're already over 200% in debt so it hardly matters.
The Nuclear plants are destroyed...but they were looking for a way to get out of MOX reactors anyway.
Japan wanted a way to cash in their bonds to pay for their debt without annoying the US, now they can do it without anyone dare complaining

...I'm just saying...

Stedlar · Mar 17, 2011

Don't forget. It's not only banks that can be to big to let fail.

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Stock market looks bad,might be the big one.

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Stock market looks bad,might be the big one.

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