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FUKUSHIMA earthquake and tsunami thread and aftermath


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#1 geezer466

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Posted 11 March 2011 - 07:54 AM

Bad Bad news for insurance stocks...... Black Friday ahead I suspect.....

Tsunami warnings across the Pacific from Australia to South America..

Who are the idiots stood on that bridge watching the ships and other flotsam being washed underneath it.......
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#2 Realistbear

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Posted 11 March 2011 - 08:02 AM

It is apparently not contained. Radio talking about Pacific rim chain reaction.

Wars, floods, earthquakes, famines. Sounds like 2012 might be it. :o


BREAKING: upgraded to 8.9--aftershocks could be even worse.

Edited by Realistbear, 11 March 2011 - 08:03 AM.

CRIMBOCASTS for y/e 2013

1. The Euro will have another bad year and may hit parity with the US$ before the end of the year.
2. The Pound will not move much against the dollar (range 1.47-1.60) but is likely to regain a lot of ground verses the Euro which may not survive. US $ will be a safe bet, especially ST bonds and large caps.
3. Stocks should finish moderately higher than 2012 barring a war with Korea and Iran.
4. Gold will not be flying to the moon (again) and will bitterly disappoint (again) any who got in during the run up in 2011.
5. House prices: Flattish to up single digits overall..
6. Not much in the way of inflation again this year--those who forecast hyperinflation will be proven wrong (again--as in 2011 and 2012)
7. Could see a snap GE after the May elections which will be the worst result EVER for Dave. UKIP continue to make headway and will be number 3 before year end.

#3 geezer466

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Posted 11 March 2011 - 08:07 AM

Tsunami warning sirens are sounding in Hawaii...

Struck at 05.45 GMT so would have thought it would be some hours for a wave to travel the distance.
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#4 interestrateripoff

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Posted 11 March 2011 - 08:07 AM

http://www.bbc.co.uk...siness-12709755

Asia stock markets and the yen have fallen sharply in response to a tsunami and earthquake in Japan measuring 8.9 on the Richter scale.

It struck only minutes before the 0645 GMT close of trading in Tokyo.

The dollar briefly gained about 0.5% against the yen to 83.275 yen, before dropping back again.

The Nikkei index ended the day some 1.7% lower, but Nikkei futures fell 3% in after-hours trading in Singapore as the scale of damage became apparent.

The Tokyo market had already been suffering amid the turmoil in the Middle East, and closed at its lowest level in five weeks.

Across Asia other markets also fell.

Hong Kong's Hang Seng dropped some 1.8% following the earthquake, and remained down that much as of 0730 GMT.


Been watching the pictures just looks like a hollywood disaster movie. Some terrifying pictures where you can see people driving in cars and water giving them no chance.

I wonder what the cost of this will turn out to be.
Proof that Brown had repeated IMF / OECD / BIS warnings over house prices and did nothing!!!
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#5 ScrewsNutsandBolts

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Posted 11 March 2011 - 08:08 AM

Bad Bad news for insurance stocks...... Black Friday ahead I suspect.....

Tsunami warnings across the Pacific from Australia to South America..

Who are the idiots stood on that bridge watching the ships and other flotsam being washed underneath it.......


Looking at some of the footage, bridges are often the high point of local elevation and might well be safe places to be (especially if you put yourself over a support rather than a section of span).

#6 ScrewsNutsandBolts

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Posted 11 March 2011 - 08:09 AM

http://www.bbc.co.uk...siness-12709755



Been watching the pictures just looks like a hollywood disaster movie. Some terrifying pictures where you can see people driving in cars and water giving them no chance.

I wonder what the cost of this will turn out to be.

The aerial footage looks as bad as the 2004 quake.

Really really sad...

#7 Pent Up

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Posted 11 March 2011 - 08:10 AM

Wow 8.9 is huge! 33ft wave already hit Northern Japan I suspect it will be much bigger if hits the other side of the pacific!
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#8 GordonBrownSpentMyFuture

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Posted 11 March 2011 - 08:11 AM

Just watching clips of this on the news now. :o

#9 GordonBrownSpentMyFuture

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Posted 11 March 2011 - 08:14 AM

http://www.bbc.co.uk...siness-12709755

Been watching the pictures just looks like a hollywood disaster movie. Some terrifying pictures where you can see people driving in cars and water giving them no chance.

I wonder what the cost of this will turn out to be.

I just saw that - a road running parallel to the oncoming tide. Cars belting down it. Camera didn't linger long.

#10 Realistbear

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Posted 11 March 2011 - 08:14 AM

Wow 8.9 is huge! 33ft wave already hit Northern Japan I suspect it will be much bigger if hits the other side of the pacific!



Chile on t' radio--they say monster Tsunami is on its way.
CRIMBOCASTS for y/e 2013

1. The Euro will have another bad year and may hit parity with the US$ before the end of the year.
2. The Pound will not move much against the dollar (range 1.47-1.60) but is likely to regain a lot of ground verses the Euro which may not survive. US $ will be a safe bet, especially ST bonds and large caps.
3. Stocks should finish moderately higher than 2012 barring a war with Korea and Iran.
4. Gold will not be flying to the moon (again) and will bitterly disappoint (again) any who got in during the run up in 2011.
5. House prices: Flattish to up single digits overall..
6. Not much in the way of inflation again this year--those who forecast hyperinflation will be proven wrong (again--as in 2011 and 2012)
7. Could see a snap GE after the May elections which will be the worst result EVER for Dave. UKIP continue to make headway and will be number 3 before year end.

#11 ScrewsNutsandBolts

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Posted 11 March 2011 - 08:18 AM

The other worry is the nuclear power stations... they have touched on the subject but nothing firm yet.

#12 interestrateripoff

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Posted 11 March 2011 - 08:20 AM

Mhttp://www.telegraph.co.uk/news/worldnews/asia/japan/8375373/Japan-earthquake-and-tsunami-live.html

Telegraph live update.

The AP is reporting that Philippine officials are ordering an evacuation of coastal communities along the country's eastern seaboard in expectation of a tsunami following a 8.9-magnitude earthquake in Japan.

Philippine Volcanology and Seismology Institute director Renato Solidum says the first 3-foot high waves are expected to hit the northernmost Batanes islands by 5 p.m. (09:00 GMT) Friday.


Looks like this is going to be very bad.
Proof that Brown had repeated IMF / OECD / BIS warnings over house prices and did nothing!!!
Looting: The Economic Underworld Of Bankruptcy For Profit
The exponential growth of debt and the unsustainability of debt
The logic of HPI @ 10% YoY means your 100k house would be worth 1.38bn in 100 years
Paying down my mortgage with money found on the street

It's time to sue the Bank of England / Federal Reserve for GROSS NEGLIGENCE
If DEBT is the problem REPAYMENT is the solution or you default

"Northern unemployment is an acceptable price to pay for curbing southern inflation" Eddie George former Governor of the Bank of England

New digest on the credit crisis and economy Part2 Part 3

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#13 geezer466

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Posted 11 March 2011 - 08:25 AM

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Daily Mail is reporting that

# People in cars try to outrun waves on coastal highways
# Japanese PM says no radiation leaks report after nuclear plants close
# Tokyo's Disneyland car park under water
# Hundreds injured after ceiling caves in at Tokyo graduation ceremony
# Physicist describes event as one of history's 'great quakes'
# Buildings rocked in China's capital Beijing, 1,500 miles away
# Hawaii on tsunami alert: Wave expected to hit at 3am local time


Looks like this event is going to go down as one of the Planets most significant Natural Disasters....

Daily Mail Report

Dont think the news channels will be covering much of the Saudi 'day of rage' today.
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#14 ScrewsNutsandBolts

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Posted 11 March 2011 - 08:30 AM

Bad Bad news for insurance stocks...... Black Friday ahead I suspect.....

Tsunami warnings across the Pacific from Australia to South America..

Who are the idiots stood on that bridge watching the ships and other flotsam being washed underneath it.......

There will have big financial implications (Nikkei and Yen both down, link below), but at times like this you just have to feel for the people first :(

http://www.bbc.co.uk...siness-12709755

#15 Lepista

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Posted 11 March 2011 - 08:31 AM

Those poor, poor people :(
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