HA!

If you want to get economical about it ... ohh crap.

Japan's debt situation is worse than anywhere in Europe. Annual government spending is almost TWICE revenue. Budget deficit is around 10% of GDP. Government debt is twice GDP.

Ever since their bubble burst in 1990, they have been pumping stimulus into their economy - debt-funded infrastructure in rural areas that will never justify its own expense. Rebuilding from this will just be more of the same.

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.

Wait... are you suggesting stimulus plans aren't an economic panacea?

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.

second explosion a Fuck-u-shima nuclear power station -reactor #3 this time.....

No mention of GodZilla ????

WTF Folks !!!! yer slippen !!!

I kid , I kid

this SUUUCCCKKKSS !!!
I hope Our Japanese Brother and Sister the Best !!

As mentioned above an awful lot of Japanese infrastructure does not provide a return on Investment.

Also, while only a few of Japan's factories have been damaged, their power generation capacity has taken a big knock and they are now scheduling blackouts around the country. Car production is almost completely halted.

Several sources are saying why. Water being turned into free hydrogen and free oxygen, which then meets a spark. At least, that's what they're saying.

Indeed. Minamisanriku had a population of 17,000, before the tsunami. Around 7,000 have been accounted for in shelters and refuges. That is just one town.

I turned on the TV. The local gossip (that calls itself news) were reporting on Charlies Sheen.

Meanwhile Fukushima #2 has a serious leak somewhere. Is losing coolant inside its reactor containment vessel.

These are General Electric nuclear reactors being tested by god. Then maybe we will forget his agents are pedophiles. I wonder who 'wags his dog'?

I lost count of the number of earthquakes when it exceeded 300. A map from the USGS shows the major quake (leftmost yellow squares) has been followed by numerous quakes even on fault lines not related to this one. The original earthquake was on a fault shown by north to south red line. Numerous other faults are also now moving.

When you thought things could not be bad enough ....

Fukushima Reactor 2 now has no coolant. This is a potential China Syndrome!

Except that China is not the target.

A working coolant system is not their last line of defense

http://morgsatlarge.wordpress.com/20...lear-reactors/

Just another reason why China need not worry.

Yesterday they were putting seawater in it.

That's the coolant equivalent of duct-tape.

Boing Boing led me to this video of a tsunami that is just amazing. Taken by a dude at the base of a set of stairs going up a steep hill. He starts filming as the waters are licking his feet on the bottom step, and he keeps retreating up the stairs as the water gets higher and higher and higher and houses start floating away. This is what the tsunami looked like to all the people it killed, except they didn't get the happy ending of backing up the steep hill.

just WOW