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BOJ Authorized By Government To Buy More ETFs And REITs
The Japanese government has just authorized the BOJ to buy more ETFs and REITs in order to stabilize the market. In times like this apparently preserving the global "wealth effect" is of paramount importance. In the meantime the news is getting worse- according to the French Nuclear Watchdog the containment vessel on Reactor #2 is no longer sealed (meaning radiation can enter the environment freely), while according to Kyodo the radiation level is now too high for normal work at the Reactor #4 control room.
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I suspect a few of those power plant workers are already walking dead men.
Not only the power plant workers, but the BOJ traders who have been ordered to stay at their desks and buy, buy, buy despite the nuclear fallout. Keep those machines on, especially the pumps.
I'm assuming there are still happenings going on in those countries that supply that other kind of energy?
Don't mean to discount the serious nature of Japan.
Outside demand for yen & BOJ bonds may not be there. Even with cartel CBs help. Than real threat is hyperinflation. BOJ will loose control.
Other side of coin are probably red hot meetings powerz have at the moment on how to "never let the good crisis go into waste".
If they conclude this is opportunity to print more (since peer JPY is going down) ... guess what happens?
"guess what happens?"
They hire Rudolf von Bernankenstein?
So you are saying the containment vessel in #2 is just like the US southern border. Hunh.
Ahhh, this explains the strength of the Yen, monetising even more worthless garbage does wonders for your credit rating!
This is seriously fucked up. I dunno when this thing is gonna blow but it will be bigger than the nuclear reactor. Silver down nearly 5.5% in Yen in the last few hours!
Now there's a dip you can safely BTFSHOO...might take a week or three but silver isn't going to stay down for long...
Make that nearly 7%!
Glad to see they are spending money they don't have on propping up the wealth of rich old bastards instead of food, water, shelter, and the years of medical treatment that will be required by this tragedy.
Huh? They handed out some worthless iodine tablets to some of the people, didn't they?
Never underestimate the lengths to which the rich and elite will go to stay rich and elite.
Yes, it makes normal human beings vomit.
It's all about priorities.
+1
I guess B(en)OJ is trying to BTFDisaster.
Wouldn't TEPCO's pulling of 90% of their workforce at the plants be a concession that things are out of control and a meltdown will happen? The disparate information makes any attempt at analyzing this thing impossible because we'll never know how bad it is until a meltdown actually happens. Also, if one of these reactors has a complete meltdown, would that affect the other 3 that are in partial meltdown and the 2 others that are "fine" as of right now?
It seems pretty clear they're not giving the full scoop. It's hard to reconcile a little pile of spent fuel rods causing number four's control room to get too hot for normal work all by themselves. Sounds like something far more serious than they've admitted to is going on with that one.
Number two ain't sounding all that great either...and I can't imagine a full on meltdown at two that wouldn't very adversely affect at least one and three. IF two were to melt down and melt through containment...sheeesh. I doubt ground water is very far down being that close to the sea. Trying to run a busted up nuclear reactor with a steaming radioactive geyser a few meters away doesn't sound like my cuppa tea...
Keep it up! no matter what! Must...keep...up....
Do these people think that every problem can be solved by bailing out equity markets? Exactly how will this help those in trouble well apart from Goldman Sachs which told everyone to go long of the Nikkei at 10,500 according to ZH.
I saw it put well earlier.
Hey Jose, this is Govt we're talking about here, the dumbest institution and decision-making process EVER devised
So add the political strategic error of going nuclear (the most expensive means of generating electricity) to the political geographical error of siting them on a known tsunami risk coastal region..
...so what doesn't make 'perfect sense' of another political economic error, the same one they've been making for 20 years, in bailing out falling prices of financial institutions and stock market prices?
Once you're dumber than mud for 20 years you're hardly going to change tack and have a brain cell that works... 'dumb de dumb de dumb'
i cant hold her skip, she's breaking up.. Tepco bosses, Kan and cronies, Japan nuclear agency will all be bowing and saying "gomen nasai" on NHK soon.. so that's alright then
it's not just the Japanese Govt that compounds dumb oh no... Govt brains are hard-wired for fuking stupidity
the Chairman of the British Committee on Energy investigating Britains diabolical energy industry, because its been systemically over-regulated by the corrupt to the core British Govt, has just been on SKY news. He doesn't see a problem here and still thinks nuclear offers a "green alternative energy future to address climate change". So let's catagorise his thinking here;
Nuclear (most expensive energy)
Climate change (bullshit)
Coal and Gas stations (cheap safe energy source but 'threat' to green bullshit)
So based on total green bullshit he wants the most expensive energy (400% more than gas or coal) for an unproven threat carbons warm the Earth when in reality the proven (greatest) threat has been nuclear power plants (leaks in US, Britain, Russia and now Japan)
In short a totally delusional retard leading the country to financial ruin (worldwide Govt in a nutshell)
Please someone tell me how the YEN, which is on the verge of non-existence, is gaining on the dollar? This shows how much the forex markets are scammed too. The dollar should have shot over 100-1 by now, yet it keeps dropping. ???????? Is there anything in the world markets that isn't a ponzi?
Is there anything in the world markets that isn't a ponzi?
No.
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Big article in Arizona Republic (can't remember when...within the past few says...and maybe yesterday) about the 'wealth effect' and how AMerican's net wealth was up ~3.8%...due to you guessed it...stock market gains.
They really know how to gin up the metrics the idiots use.
P.S. Just because it's called a metric, doesn't mean shit.
I would submit to you that any corporate or gov't 'metric' needs to be looked at 1st as bullshit...or like the U.S. has become Guilty until proven innocent. (unless you're a TBTF where you are guilty of nothing even after having it been proved)