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European Airspace Closure Situation Getting Critical As Over 75% Of Flights Cancelled Saturday

Tyler Durden's picture




 

The latest update from EuroControl confirms that ongoing European air travel closures will likely have dramatic economic consequences. According to today's update from the flight control agency expects approximately 5,000 flights to take place today in European airspace. Normally, 22,000 are expected. (17k cancelled). Airspace restrictions have impacted most Northern and Central europe, including: Austria, Belgium, Croatia, the Czech Republic, Denmark, Estonia, Finland, most of France, most of Germany, Hungary, Ireland, northern Italy, the Netherlands, Norway, Poland, Romania, Serbia, Slovenia, Slovakia, Sweden, Switzerland, Ukraine and the UK. EuroControl also notes that approximately 600 trans-Atlantic flights still take place each day, 300 in each direction. 73 flights arrived in Europe this morning. We are confident economists around the world are working furiously to estimate the GDP impact on the Eurozone as a result of this material outlier. First Easter, next Cesar Chavez day, now it is only logical that natural earth processes will be used to blame for the failings of Keynesianism.

Below is a map of the time shift of the volcanic cloud:

And here are the specific closed down airspaces:

EB Belgium 17-1800 UTC
EDGG Langen 18-0600 UTC
EDWW Bremen 18-0000 UTC
EDMM Munich 18-0000 UTC
EE Estonia 18-0000 UTC
EF Finland 18-0000 UTC
EG UK 18-0000 UTC
EH Netherlands 17-1800 UTC
EI Ireland 18-1200 UTC
EK Danmark 18-0000 UTC
EN BODO South 18-0000 UTC
EN OS 17-2200 UTC
EN SV 17-2200 UTC
EP Poland 17-1800 UTC
ES Sweden 18-0000 UTC
LD Croatia 18-0000 UTC
LE Pamplona 18-0000 UTC
LFBB France 17-2359 UTC
LFEE France 17-1800 UTC
LFFF France 17-1800 UTC
LFMM France 17-1800 UTC
LFRR France 17-1800 UTC
LH Hungary 17-1800 UTC
LIMM Milan 17-1800 UTC
LIPP Padova + LIRQ 17-1800 UTC
LJ Slovenia 18-0000 UTC
LK Chech Republic 18-0000 UTC
LO Austria 17-1800 UTC
LR Romania 17-2100 UTC
LS Swiss 17-1800 UTC
LYBA Serbia 18-0000 UTC
LZ Bratislava 18-0000 UTC
UK Ukraine 17-1500 UTC
UKVB 17-1800 UTC
UKDV ACC 17-1800 UTC
UKLV ACC 17-1800 UTC

 

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Sat, 04/17/2010 - 11:09 | 305625 Seer
Seer's picture

Why does this economic theory bashing ("now it is only logical that natural earth processes will be used to blame for the failings of Keynesianism") remind me of political party crap?

Give it a break already!

ALL modern human economic systems are heading into the toilet.  Doesn't matter what system is in place, growth WILL eventually kill it off.

But... I do find it a bid humorous that Iceland appears to be having the last laugh on Europe (well, mostly Britain).

Sat, 04/17/2010 - 11:27 | 305649 Spitzer
Spitzer's picture

Bull fucking shit, Ausrian economics is not going down the drain

Sat, 04/17/2010 - 11:55 | 305678 arnoldsimage
arnoldsimage's picture

+1000

Sat, 04/17/2010 - 11:18 | 305635 MsCreant
MsCreant's picture

@ Seer,

Keynesianism advocates more debt to get out of debt. I'm willing to give it to them that this is a particularly harmful model that will accelerate the collapse process by feeding the fire of the exponential multiplier and its impacts. Cancerous growth that goes no where evolutionarily which leads to die off.

No friend, it does not have to be this bad, this mindless. 

Sat, 04/17/2010 - 11:39 | 305663 Missing_Link
Missing_Link's picture

+1

Sat, 04/17/2010 - 11:54 | 305677 arnoldsimage
arnoldsimage's picture

but...but... the dow is up huge. it must be working.

Sat, 04/17/2010 - 12:01 | 305686 AnAnonymous
AnAnonymous's picture

I cant tell about getting more debt to get out of debt. Never been the goal in my opinion. Yet I'll vouch for debt anytime when it comes to win a consumption race.

Sat, 04/17/2010 - 12:04 | 305687 Winston Smith 2009
Winston Smith 2009's picture

Keynesianism advocates that governments save in the good times to fund stimulus efforts in bad times.  Of course, very few governments are disciplined enough to actually do that.  Instead, they just borrow and spend for political reasons.

Sat, 04/17/2010 - 12:14 | 305703 Hulk
Hulk's picture

I was just going to write that again.

What we are doing is not Keynesian, by any stretch of the imagination. What we are doing is suicide by debt....

Sat, 04/17/2010 - 12:29 | 305716 carbonmutant
carbonmutant's picture

Good Point. +1

Sat, 04/17/2010 - 13:41 | 305794 hbjork1
hbjork1's picture

+1

Sat, 04/17/2010 - 15:49 | 305924 pan-the-ist
pan-the-ist's picture

Since we're here, how many goverments faithfully follow Austrian?

Sat, 04/17/2010 - 19:25 | 306090 hedgeless_horseman
hedgeless_horseman's picture

Doesn't the U.S.A. currently follow Madoffianism, so named after the esteemed NASDAQ Chairman?

Sat, 04/17/2010 - 11:37 | 305637 JJP
JJP's picture

It’s a good job our economy is now built on the financial service sector or we’d be stuffed! Buy,buy,buy

edit: Anyone else see the slowly forming shape of a Vampire Squid in the time shift pictures

Sat, 04/17/2010 - 11:24 | 305640 Mongo
Mongo's picture

The situation on Iceland isn't that pleasant with ash and stuff flying around but nevertheless I am enjoying that Iceland actually kicks europes ass right now with some ash.

Sat, 04/17/2010 - 11:27 | 305648 THE DORK OF CORK
THE DORK OF CORK's picture

Those Norse Gods are getting seriously pissed off.

We need to sacrifice some middle aged bankers.

And if throwing these servants of mammon into a fiery pit does not appease the Gods at least the world will be a safer place now that most of the our risk their return analyzers are no more.

Sat, 04/17/2010 - 14:25 | 305848 ZerOhead
ZerOhead's picture

Fiery pit eh? How about this one... it's in Uzbekistan.

http://www.gosmiley.com/eyecatcher/images/hell_gate-4.jpg

Sat, 04/17/2010 - 14:27 | 305851 Cheeky Bastard
Cheeky Bastard's picture

this is an actual photo of the volcano that erupted and the two neighboring volcanos.

It looks like a Nordic god Loki, a known prankster.

Sat, 04/17/2010 - 14:36 | 305856 ZerOhead
ZerOhead's picture

Loki is looking a bit rough these days... but the big hole is definitely his mouth!

http://fc09.deviantart.net/fs42/f/2009/156/c/a/Loki___God_of_Mischief_by_studioscarab.jpg

Sat, 04/17/2010 - 15:09 | 305887 Cognitive Dissonance
Cognitive Dissonance's picture

Thank you ZerOhead. Let me help you with a posting of your link.

Sat, 04/17/2010 - 15:40 | 305915 ZerOhead
ZerOhead's picture

Thanks CD... now if you could just kindly steer me to someone who can locate me some cheap Magmatic Eruption Disaster Swaps (MEDS)...

Sat, 04/17/2010 - 15:13 | 305881 tip e. canoe
tip e. canoe's picture

nice one CB, you just opened a can of 'woo-woo' worms.  those volcanoes are a little SW of the actual volcano named Loki on the Vatnajokull glacier.

http://en.wikipedia.org/wiki/Vatnajokull

this is what Loki did in 96:

1996        Oct 1, The Loki volcano in the center of the Vatnajokull glacier in southeast Iceland erupted.
1996        Oct 12, The eruptions ceased in the Loki volcano but a large amount of water was melted from the glacier.
1996        Nov 5, The glacier’s ice cap cracked and unleashed millions of gallons and 2 bridges were swept away.

http://timelines.ws/countries/ICELAND.HTML

there's also another volcano named Loki on Io, Jupiter's moon.  it's the largest volcano in the solar system:

http://en.wikipedia.org/wiki/Loki_(volcano)

now, remember where Dave & HAL went in 2001 & met the monolith (followed by the awful but strangely prescient sequel 2010)?  (interesting to note as well that while in the book, it was Saturn, not Jupiter and Kubrick changed it because they supposedly couldn't get Saturn's rings to look real enough.)

Sat, 04/17/2010 - 20:33 | 306151 jomama
jomama's picture

strange, i saw that photo as well and immediately thought the same thing

Sat, 04/17/2010 - 11:30 | 305650 anynonmous
anynonmous's picture

This is a good link for on going live coverage of the impact of Iceland's Eyjafjallajokull Volcano.  And is it just me or is there some sort of ___ irony that tiny Iceland that was an early "victim" of the economic crisis is relativley unscathed and instead the UK is ground zero of all of this disruption.

 

http://news.bbc.co.uk/2/hi/uk_news/8626765.stm

Sat, 04/17/2010 - 12:06 | 305692 tmosley
tmosley's picture

Not just that, but all of the PIIGS were left alone, with the exception of Ireland, which is partly affected (but then, it's partly British too!).

Sat, 04/17/2010 - 11:29 | 305651 Spitzer
Spitzer's picture

What is wrong with bashing an economic theory that makes no sense and has a horrible record of not working ?

Sat, 04/17/2010 - 11:42 | 305668 yabs
yabs's picture

Keynes will never take enough bashing as far as I am concerned. He has ruined the entire world
I blame overpopulation and environmental ruin mostly with his models as well. growth for growths sake is a cancer.
Keynes was an idiot and so is anyone who follows him

Sat, 04/17/2010 - 11:58 | 305682 AnAnonymous
AnAnonymous's picture

You have a strange vision of a ruined world...

Sat, 04/17/2010 - 12:11 | 305699 tmosley
tmosley's picture

lolwat?

Western civilization is collapsing, you dingus.  A thousand years from now they'll be diging up our cities and wondering why they were simply abandoned.

Well, it's the same reason all other cities are abandoned, socialist governments negate the factors that lead to people coming together to found cities.  Negate property rights and contract law, and people will inevitably return to tribalism.

Sat, 04/17/2010 - 12:42 | 305731 AnAnonymous
AnAnonymous's picture

Dont tell me, I think I know the lines... And the US was founded on the respect of property rights during the nineteenth. I got this right? And Indians were not human beings, that is why only socialist, communist see theft in the land transfer that funded the US growth during the nineteenth etc... I know the drill.

Always made me laugh to read this kind of big delusion. This is the Internet.Feel free to speak your mind and use that freedom to speak facts.

Farming the poor, extorting the weak works. Probably the way to get rich. And those are not the respect of property rights and contract law.

Sat, 04/17/2010 - 17:46 | 306001 tmosley
tmosley's picture

The Indians, by and large, were a bunch of socialists who didn't believe in private property nor did they recognize the property of others. Failure to recognize such is and always was a violation of natural law, which lead to their further downfall.

There was a time when property rights were recognized in North America prior to the coming of the white man, and as a result they were able to develop a flourishing culture, one that produced the largest city on earth (http://en.wikipedia.org/wiki/Cahokia). Something happened, and they devolved back into tribalism within a couple of hundred years.

Also, farming the poor, and extorting the weak is actually the best way to start your very own new Indian tribe. Or as they are called today, cults.

Sat, 04/17/2010 - 19:06 | 306073 Cognitive Dissonance
Cognitive Dissonance's picture

"The Indians, by and large, were a bunch of socialists who didn't believe in private property nor did they recognize the property of others. Failure to recognize such is and always was a violation of natural law, which lead to their further downfall."

Property rights is natural law? I'm speechless. The self serving nature of that statement is the ultimate of arrogant self centered naval gazing behaviour. Manifest destiny is another natural law I presume?

Sun, 04/18/2010 - 10:14 | 306552 tmosley
tmosley's picture

So YOU wouldn't kill someone to prevent them from taking everything from you?  That's what natural law is, a set of behaviors that are likely to bring about violent retribution.  Property rights have always been widely accepted as a facet of natural law.  I'm not sure where the outrage is coming from here--if you don't know that then you are so ill-educated in natural law that you shouldn't really even know the term.

The Indian peoples by and large practiced barbarism, meaning they took what they wanted, often violently, which lead to the Whites hatred of them, and to their eventual demise at the hands of the economically and technologically superior Whites.  I'm not saying that the Whites were right.  I'm saying that the Indians killed themselves in the same way we are killing oursielves now. 

If history repeats itself, expect your great granschildren to be living in an American Reservation inside of a greater Martian or Chinese state.  If they allow our socialist policies to continue, we will have 50+% unemployment and 90% alcoholism rates.  Maybe a few hundred years later we'll get casinos, but will remain poor because we still don't understand that socialism DOESN'T WORK. 

Having been among indians for a large part of my life, I can tell you that their governmental structure is socialist in nature, with tribal councils deciding on distribution of income, and that is exactly what has kept them from rising economically.Honestly, CD, I expected better of you.  Your failure to recognize property rights is going to get you killed one day.

Sun, 04/18/2010 - 14:41 | 306798 pan-the-ist
pan-the-ist's picture

I won't address natural law.

You seem high on evolved societies.  Why does an evolved society need 95 percent of its workers working 8 hours a day?  Is there something magical about an 8 hour workday and 95 percent employment?

Sat, 04/17/2010 - 19:34 | 306099 Cognitive Dissonance
Cognitive Dissonance's picture

Duplicate post. But I'm still speechless.

Sat, 04/17/2010 - 13:54 | 305808 UGrev
UGrev's picture

They're already having archeological digs in Chicgao. :)

Sat, 04/17/2010 - 11:52 | 305674 Cognitive Dissonance
Cognitive Dissonance's picture

"First Easter, next Cesar Chavez day, now it is only logical that natural earth processes will be used to blame for the failings of Keynesianism."

And here I thought the Ponzi would manufacture an "event" like a false flag shooting war to explain away the failing economic system. And at the last minute, mother nature steps in and does the job for them. Unless..............................

Now is the time to expand your mind, to look beyond "known" facts and your understanding of what man can and cannot do. You're at a fork in the road and you still have a few choices. You can accept the reality as presented, which fits your preconceived notions and belief systems, or you can look beyond and purposely cause your own cognitive dissonance. You are about to enter the twilight zone.

Before you shout me down, consider all that has transpired over the past decade, whether it be economic, social or governmental. Consider that five or ten years ago, if someone had told you what was about to happen, how many of you would have even stopped to consider the possibility before you laughed in his face or called for the mental health professionals. And yet is has happened, with belief system altering disclosures coming first monthly, then weekly, then daily, until you were numb and dazed and cried out "No more".

When systems of any type are radically changing, it is only those who employ a flexible mind set and an open belief system who not only survive but eventually flourish. Those who cling to the old ways and beliefs are the ones who remain trapped in the burning plane or the raging storm. Go ahead, give it a try, expand your mind and your universe. What have you left to lose?

The tide is turning and the world is changing. There will be less of us left, both physically and mentally, when the change is done and the wheel has turned. Do you wish to be in the pile that is being burned or one of those doing the burning? It's your choice. Which path will you follow now that the fork is dead ahead? How desperate will you become before you recognize that the answer is simple? While all around you scream "No more", the answer is for you to cry "Yes, give me more".

This is not religion but rather the exact opposite, the personal empowerment that comes from self actualization and a deepening awareness, as opposed to blind obedience as you wait for the savior. Save yourself by changing everything. The first step is understanding the power you already possess while simultaneously ignoring those influences who claim you are powerless. After all, what have you left to lose? You can remain in the illusion while being comforted by the herd or you can move away from the hive mentality and expereince true freedom.

Sat, 04/17/2010 - 11:58 | 305681 arnoldsimage
arnoldsimage's picture

the false flag event will be manufactured... on april 19th with the armed march. the illuminati love that april 19th date.

Sat, 04/17/2010 - 12:32 | 305708 Real Wealth
Real Wealth's picture

by Cognitive Dissonance

Before you shout me down, consider all that has transpired over the past decade, whether it be economic, social or governmental. Consider that five or ten years ago, if someone had told you what was about to happen, how many of you would have even stopped to consider the possibility before you laughed in his face or called for the mental health professionals.

I wouldn't have laughed because things are proceeding along nicely with Christian End Times:

http://www.youtube.com/watch?v=sP9epoUDFqM

    I don't buy into a mere conspiracy of Israel/Jews, Masons, CIA, whoever.  There seems to be a preternatural intelligence guiding Satanists who pose as members of all religions and groups.

 Sirach 27:1-2:

For the sake of profit many sin, and the struggle for wealth blinds the eyes.
Like a peg driven between fitted stones, between buying and selling sin is wedged in.

 

Sat, 04/17/2010 - 12:35 | 305721 nonclaim
nonclaim's picture

There's quite a book about the future of the USA written in the '70s by one David Wilkerson, named The Vision. It was, according to him, a vision and it seems that that future is happening now.

There are copies around the net and it can be a quick afternoon reading...

Sat, 04/17/2010 - 12:22 | 305713 nonclaim
nonclaim's picture

This is not religion but rather the exact opposite

Wait, what religion? There many out there with opposing views and can't match what you mean by exact opposite of that...

Save yourself by changing everything.

In Greek mythology, for example, you'd have no chance if a god had said otherwise.

Define "true freedom" in the context of "systems of any type are radically changing" and "The tide is turning and the world is changing". :)

Sat, 04/17/2010 - 14:47 | 305861 A Nanny Moose
A Nanny Moose's picture

Indeed CD. Twilight Zone....

http://www.youtube.com/watch?v=2D3YydqWFmI

 

 

Sat, 04/17/2010 - 15:45 | 305922 trav7777
trav7777's picture

Let's see...I discovered Peak Oil around that time and started buying gold at $285 for a Maple.

I said that all the car mfrs would be BK, and my Pittsburgh coworker laughed at me.  At a college reunion in 1998, I said to a friend that the only way out was printing money to our debts and he said that his sister, who was in finance had said the same thing.

Yeah, I been on top of this.  I can show you my forecasts from at least 6 or 7 years ago expecting rogue wave financial events, and a Fed loss of control of the POG.  I also expect Japanese sovereign default.  This was just from stepping back and taking a look at the numbers.

What the future is should appear obvious, but there are many twists and turns along the way.

But it's going to take more in terms of specifics to execute a plan.  Being self-actualized is great until you are in the way of the Wermacht.  The worst part is that if we go apocalypse, blind luck will be as valuable as preparation.  That is the most worrisome element, that the situation is outside of one's immediate control.

Sat, 04/17/2010 - 15:59 | 305931 pan-the-ist
pan-the-ist's picture

Responsibility sucks, most people can't handle it, my vote is for the return of the Visigoths.  In that case the intellectuals will be worm food.

Sat, 04/17/2010 - 17:09 | 305958 tip e. canoe
tip e. canoe's picture

"Unless.............................."  dude, you read my mind. 

WHAT IF many years ago certain scientific studies were funded within so-called 'black budgets' that concluded that there were positive historical correlations between so-called "climate change" and solar activity, etc., and these studies just so happened to positively corrolate with certain so-called "knowledge" passed down within so-called 'secret societies' who derived them from so-called 'ancient civilizations'?

now imagine if that WHAT IF were true and now play back the major memes that have dominated global attention over the last say 10 years with the mind of a so-called 'person of power' who has access to said information?

of course, your response to that information will be intensely colored by your understanding (or your 'belief') of what man can and cannot do and the effects that you and the people you control have upon mother earth, in comparison with the effects that father sun has and the effects that both of them have upon you and the other lifeforms here.

this may very well turn out to be the central question of our age with the answer being radically different depending on the particular individual or group of individuals. but the importance may not be the answer itself (for each one is different), but rather the willingness & ability to question the assumptions that each one of us makes to establish the answer.

brilliant post mate.

Sat, 04/17/2010 - 17:33 | 305980 Cognitive Dissonance
Cognitive Dissonance's picture

"this may very well turn out to be the central question of our age with the answer being radically different depending on the particular individual or group of individuals. but the importance may not be the answer itself (for each one is different), but rather the willingness & ability to question the assumptions that each one of us makes to establish the answer."

A tip of my hat to tip e. canoe.

I couldn't have said it better myself. We have been indoctrinated and conditioned to believe that the world is only, can only be, as described by "science" or "math", that if it can't be measured, counted or weighted by science or mathematics, it doesn't exist. We have been looking at the finger pointing at the moon and thinking it ("it" being the pointing finger aka the scientific description of the moon) is the moon when we should actually be looking at the moon without prejudice or preconceived notion. To use science or math exclusively to examine our world is the ultimate bias and causes severe emotional, psychological and spiritual blindness.

It is the questions that are not asked, mostly because science tells us they are nonsense or immaterial, that are the most important questions we should be asking. Not for the answers they might or might not provide but for the additional questions they force us to ask. The answers are always found within, but the magicians have taught us to ignore what's going on behind the curtain and only pay attention to the flashing lights and waving hands.

We have surrendered to the illusion and thus we wallow in the self deception of our own certainty. The ultimate ego trip is the one we indulge in when we allow ourselves to think that knowledge and wisdom is linear and cumulative and that we are presently at the height of ascension. We, our collective ego, cannot bear to believe that we might have actually been moving backwards over the past 1000's of years.

Reality is merely an illusion, albeit a very persistent one.- Albert Einstein

Sat, 04/17/2010 - 18:28 | 306036 RecoveringDebtJunkie
RecoveringDebtJunkie's picture

If you have not looked into Nassim Haramein's Grand Unified Theory you should, because his work goes along with this line of thinking and it makes a lot of sense.

http://video.google.com/videoplay?docid=4907540922643918266

Also, the idea that we are experiencing a time of rapid change that has been thousands of years in the making fits in well with this recent report on systems (chaos) theory and the Peak Oil tipping point:

http://www.theoildrum.com/files/Tipping%20Point.pdf

This volcanic eruption, although probably not significant enough, is exactly the type of "left field" event that will lead to a systemic collapse (butterfly effect).

Sat, 04/17/2010 - 19:27 | 306091 pan-the-ist
pan-the-ist's picture

It's quite a bit to absorb, but Nietzsche said it well (just as well as Buddha, in my opinion.)

 

"It will be appreciated if I condense so essential and so new an insight into four theses. In that way I facilitate comprehension; in that way I provoke contradiction.

 

First proposition. The reasons for which "this" world has been characterized as "apparent" are the very reasons which indicate its reality; any other kind of reality is absolutely indemonstrable.

 

Second proposition. The criteria which have been bestowed on the "true being" of things are the criteria of not-being, of naught, the "true world" has been constructed out of contradiction to the actual world: indeed an apparent world, insofar as it is merely a moral-optical illusion.

 

Third proposition. To invent fables about a world "other" than this one has no meaning at all, unless an instinct of slander, detraction, and suspicion against life has gained the upper hand in us: in that case, we avenge ourselves against life with a phantasmagoria of "another," a "better" life.

 

Fourth proposition. Any distinction between a "true" and an "apparent" world — whether in the Christian manner or in the manner of Kant (in the end, an underhanded Christian) — is only a suggestion of decadence, a symptom of the decline of life. That the artist esteems appearance higher than reality is no objection to this proposition. For "appearance" in this case means reality once more, only by way of selection, reinforcement, and correction. The tragic artist is no pessimist: he is precisely the one who says Yes to everything questionable, even to the terrible — he is Dionysian."

Sat, 04/17/2010 - 17:00 | 305960 zice
zice's picture

I think I will shout you down...

Theres no need to radically alter your perception. Or as you say to expand your mind. The old ways aren't dead , just forgotten.

Because the "mob" screams 1+1=3, doesnt mean you need to change. Same as it ever was, truths are universal.

Or you can run around and try to invent new Gods or call yourself God, and believe because its new that the mob will respect you. This illusion isnt anything new just, more sides, new names for old Idols. These are weak men that don't control the spirit but seek dominion over the flesh.

Sun, 04/18/2010 - 08:23 | 306494 pan-the-ist
pan-the-ist's picture

I don't think that is the suggestion Zice.

Reality isn't contained in a math book or a bible or a philosophy book.

Reality is what your senses display, not what your mind thinks it is.  Ideas -- memes -- have the ability to make one blind to one aspect of reality or hyper-aware of another.

I am not saying that I see reality 'as it is' but having an awareness that my mind is in the habit of being led astray (intentionally by others or not) does gives me some resistance to memes.

(Personally, I take an idea and run with it; pester 'smart' people about it and read about it until it is broken down into parts which I then integrate into my view of reality.  The fun part is when an idea is new and requires me to destroy my current view of reality before it can be integrated.  This can require me to reevaluate all sorts of things, fun stuff.)

Sat, 04/17/2010 - 11:56 | 305679 doublethink
doublethink's picture

 

The last time Eyjafjallajökull erupted, it lasted 2 years stretching from 1821-1823. It also erupted in 920 and 1612.

Read more: http://www.businessinsider.com/1821-eyjafjallajokull-erupted-2010-4#ixzz0lNCbj1rq
Sat, 04/17/2010 - 12:05 | 305688 Tethys
Tethys's picture

I'm beginning to wonder if this volcano is not the black-swan spark that sets the final flame.  All this time watching TPTB juggle the burning chainsaws of Greece, CRE, RRE, debt, FDIC, etc. etc. etc., who would have thought that a cloud of ash and a couple of years of interrupted air travel and possible short-term climate change would be the event upset the apple cart?

Maybe mother nature got sick of the show and decided to change the channel.

 

Sat, 04/17/2010 - 15:18 | 305896 tip e. canoe
tip e. canoe's picture

been wondering the same exact thing.

Sat, 04/17/2010 - 17:44 | 305998 deadparrot
deadparrot's picture

Sell oil and oil refineries. No need for all that aviation fuel for a while...

Sat, 04/17/2010 - 11:57 | 305680 TomB
TomB's picture

How toxic is this ash? The MSM here in Europe claims there's no health risk because the ash is several kilometers above ground level, but I notice my car has become a lot dirtier in the last 24 hours.

Sat, 04/17/2010 - 12:09 | 305697 JJP
JJP's picture

Don’t know about the toxicity but the government should see more tax revenue form all those entrepreneurial immigrants that came over here to set up hand car washing businesses.

Sat, 04/17/2010 - 17:58 | 306013 RichardENixon
RichardENixon's picture

I'm conjuring up a plan to securitize that business but I can't figure out whether to short it after the issuance. These volcanic eruptions are unpredictable.

Sat, 04/17/2010 - 12:33 | 305719 carbonmutant
carbonmutant's picture

That ash is both abrasive and corrosive. You may want to make some effort to protect your car.

Sat, 04/17/2010 - 13:54 | 305809 ZerOhead
ZerOhead's picture

... and lungs! :)

Sat, 04/17/2010 - 13:48 | 305801 GeoFizz
GeoFizz's picture

The ash itself is a dust-sized particulate consisting of volcanic rock and glass; which are non-toxic solids.  

Sat, 04/17/2010 - 13:55 | 305811 anynonmous
anynonmous's picture

non toxic except for jet engines

Sat, 04/17/2010 - 14:15 | 305837 seventree
seventree's picture

Exactly, and this is why airlines won't send their planes through this stuff even after it has expanded and thinned out. Volcanic ash makes a good industrial abrasive, and the moving parts in a 747 engine are moving very fast. When the ash has spread out to hazy clouds hundreds of miles across, its density might not noticably affect a jet's engines during a fly-through, but it will abrade turbine blades and bearings to the point where engine rebuild could be mandatory after each flight, at a cost airlines could not support.

Sat, 04/17/2010 - 17:59 | 306016 RichardENixon
RichardENixon's picture

Is inhaling glass particles hazardous to your lungs? Anyone? Bueller?

Sat, 04/17/2010 - 14:08 | 305823 reading
reading's picture

You mean there is no health risk to breathing in dust-size particles of glass?  I think your lungs would beg to differ...just saying.

Sat, 04/17/2010 - 17:52 | 306007 tmosley
tmosley's picture

The volcanic rock has high levels of sulfur, an oxidizing agent. The smell will get you before the toxicity does, however.
Of course, engines don't have noses.

Sat, 04/17/2010 - 15:01 | 305875 A Nanny Moose
A Nanny Moose's picture

microscopic shards of glass to the lungs. I envision some similarities to lung disease during the Dust Bowl

Sat, 04/17/2010 - 12:00 | 305684 Gordon_Gekko
Gordon_Gekko's picture

No doubt this is good news for equities. DOW 36,000 - here we come!

Sat, 04/17/2010 - 12:05 | 305689 AnAnonymous
AnAnonymous's picture

The opening post is a cheap shot. This is a transportation based economy.

A freeze in transportation has an impact on such an economy, no matter what.

Sat, 04/17/2010 - 12:09 | 305696 redvetttes
redvetttes's picture

The Question is "Will Wall street used this to run the price up on Grains"

Its something we all have to buy

Sat, 04/17/2010 - 12:35 | 305720 carbonmutant
carbonmutant's picture

If this keeps up you're gonna have a short summer and a longer winter. What do you think that will do to crops?

Sat, 04/17/2010 - 14:20 | 305821 ZerOhead
ZerOhead's picture

Over the long term volcanic ash makes great fertilizer... short term however nothing good will come of this.

http://en.wikipedia.org/wiki/Year_Without_a_Summer

In 1816 when Tambora blew they called it the "Year without summer"... solar output was low then just like now and global temps dropped by around .5 degree C. ... famines resulted in which millions died. 

If a Katla eruption follows however (it has historically done so the last three times since @900 A.D....) we could be looking at very very large northern hemisphere crop losses...

For those too uninterested to click the Wiki link... read this extract...

"In July and August, lake and river ice were observed as far south as Pennsylvania."

So much for those dog days of summer.

Sat, 04/17/2010 - 15:35 | 305914 tip e. canoe
tip e. canoe's picture

and that cloud is headed straight for Ukraine & central Eurasia:

http://www.infoplease.com/askeds/bread-basket-europe.html

 

Sat, 04/17/2010 - 14:29 | 305854 hbjork1
hbjork1's picture

One of the proposed global warming solutions would spread particulates in the stratosphere to block sunlight.  The bright side of this is that we will find out just how well that might work.

 

Sat, 04/17/2010 - 15:25 | 305903 tip e. canoe
tip e. canoe's picture

maybe we already do know how well it works:

http://www.nature.com/nature/journal/v418/n6898/abs/418601a.html

 

Sat, 04/17/2010 - 16:06 | 305936 pan-the-ist
pan-the-ist's picture

Yet another example of how awesome HAARP is.  Obviously HAARP caused the volcano. I'll take HAARP over the reflector dish on the Starship Enterprise any day. </s sort of.  Maybe it really was HAARP>

Sat, 04/17/2010 - 12:20 | 305704 Comrade de Chaos
Comrade de Chaos's picture

The major failure of the Keynesianism is that related policies will be administrated by humans. The same humans who aggregate the business cycle, creating often unacceptable volatility will aggregate a Keynesian policy creating excessive externalities and waste of resources as the result.

 

Default b...z !

 

 

The guy was brilliant but he underestimated the desire of humans to have an absolute control over their activities, which is quite impossible because the nature of those activities is dynamic (ever changing.)  

 

Sat, 04/17/2010 - 12:37 | 305724 carbonmutant
carbonmutant's picture

The problem with the Keynesian model is that it's a linear solution to a non linear problem.

Sat, 04/17/2010 - 12:49 | 305734 geminiRX
geminiRX's picture

I wish I was vacationing in Europe right now - I would love this kind of excuse for an extended vacation!

Sat, 04/17/2010 - 13:00 | 305746 Mae Kadoodie
Mae Kadoodie's picture

Two news items:  The IMF is now offering to relieve all Iceland's debt in exchange for renaming the too hard to pronounce Icelandic Volcano.  Western media organizations have been complaining that newscasters are being ridiculed and tongue-tied.  Iceland's Parliment is convening an emergency meeting to take up the issue.  The possibility of a naming contest is being considered.

Secondly, the law of unintended consequences is now coming into play here as Greece will now become the go to transportation hub as the country is ideally located out of the Volcano zone and ideal proximity to Asia and Africa.  It is estimated this will now add 10% to their GDP.

 

Sat, 04/17/2010 - 13:09 | 305751 polizeros
polizeros's picture

I say, just nuke that stupid volcano. We can't let Mother Nature be bossing us around.

Sat, 04/17/2010 - 18:14 | 306025 Hulk
Hulk's picture

That would be like pissing in the Mississippi and expecting it to flow backwards...

Sat, 04/17/2010 - 20:44 | 306171 Sisyphus
Sisyphus's picture

ROTFL

Sat, 04/17/2010 - 13:27 | 305778 saulysw
saulysw's picture

The black swan we have all been waiting for is indeed airborne and black.

Sat, 04/17/2010 - 13:39 | 305792 Gordon Freeman
Gordon Freeman's picture

As we guitarplayers like to say:  there's nothing like a nice piece of ash...

Sat, 04/17/2010 - 14:08 | 305824 Darth0612
Darth0612's picture

The world is fixed today on the short-term impact on travel. As we approach the peak lunar gravitational period of April 24-29, we should consider the longer term implications of a toxic (sulfur / flourine) ash blanket over the European agricultural sector. I am long DBA big-time.

Sat, 04/17/2010 - 16:27 | 305838 JJP
JJP's picture

The BBC just reported there has been a light aircraft crash in Hampshire, don’t know if its related or not. Condolences go out…

http://news.bbc.co.uk/1/hi/england/hampshire/8627661.stm

Sat, 04/17/2010 - 14:16 | 305840 anynonmous
anynonmous's picture

a post from the BBC live link

 

 

"1755 Mike Gore e-mails from Redditch: "We have just arrived home after a 2,000 euro ($2,700, £1,760) taxi ride from Courchevel in the French Alps. We are five adults and three young children.

"It was a tough decision to outlay the extra cash, which cannot be recovered from insurance, but with deteriorating prospects of a flight home any time soon and the cost of hotels in France, we are just relieved to be home having a nice cuppa.

"The taxi driver, Matt, has still got to get back and explain to his wife, as the fare was originally only to Geneva Airport."

http://news.bbc.co.uk/2/hi/uk_news/8626765.stm

Sat, 04/17/2010 - 15:01 | 305876 carbonmutant
carbonmutant's picture

Interesting site for watching Air Traffic over europe.

http://www.flightradar24.com/

Needless to say the server is a little busy but there seems to be a few planes taking the southern route over the Med. Northern EU air space is empty

Sat, 04/17/2010 - 16:19 | 305939 JJP
JJP's picture

Wow nice website link CM, im now into plane spotting :-)

 

edit


Another observation: we in Europe must have the most airports per square mile than anyone else in the world!

Sat, 04/17/2010 - 15:21 | 305898 trav7777
trav7777's picture

Good thing Europe has trains.  Imagine that sort of situation here.

Sat, 04/17/2010 - 15:31 | 305910 carbonmutant
carbonmutant's picture

Unfortunately EuroRail isn't publicly traded.

Sun, 04/18/2010 - 10:19 | 306555 tmosley
tmosley's picture

Yeah, imagine people forced to be self reliant using their own cars instead of having to wait for trains OH WAIT.

;)

Sat, 04/17/2010 - 18:57 | 306065 epobirs
epobirs's picture

Have to wonder about those folks who took the expensive taxi ride. Were there no buses vailable to charter at a more reasonable price? Taxis aren't generally priced for such long trips. They're priced to make short trips profitable.

The 'Top Gear' folks must be loving this. The idea of getting around Europe by car has gotten a big boost.

Keynesian economics is essentially a mental illness, so its adherents must make any possible excuse. The first real problem, like communism, is that it doesn't scale above the tribal level. The second but equally serious problem is that Keynesianism is almost tailor-made to appeal to appeal politicians. It gives them the illusion that they are doing something pro-active and to try to sell that illusion to the voters. I recently had a lefty acquaintanc try to defend ObamaCare on the basis of "At least they're doing something, instead of nothing." Perhaps we need a Hippocratic Oath for elective office. Often, doing nothing is by far the best thing. Better yet, rather than increase government meddling, try getting rid of some. The government meddling is usually where the problem started.

And because they cannot scale above the tribal level, Keynesianism and communism have never been remotely close to being implemented as their creators intended by any modern nation. Because it's impossible. We're never going to stop repeating this misery until a majority of people comprehend this. It may be a majority of people are incapable of this and we're just screwed.

Sat, 04/17/2010 - 19:21 | 306087 faustian bargain
Sat, 04/17/2010 - 19:55 | 306118 MsCreant
MsCreant's picture

You know, if such things were not part of my stock of knowledge and then they appeared all of a sudden, after running, I'd worship it and hope I didn't piss it off.

Is beautiful the right word? Awe inspiring and powerful. And they are only pics. Thanks faust.

Sun, 04/18/2010 - 03:20 | 306442 faustian bargain
faustian bargain's picture

Yeah, I can hardly imagine that the photographer wasn't losing control of bodily functions while this was happening.

Tip my hat to an anonymous friend of mine who pointed me to that site.

Sat, 04/17/2010 - 21:09 | 306195 carbonmutant
carbonmutant's picture

Faust, Awesome  photos +10

Sat, 04/17/2010 - 21:32 | 306214 arnoldsimage
arnoldsimage's picture

thank you, faust.

Sat, 04/17/2010 - 20:32 | 306150 ginunn
ginunn's picture

Maybe if Britain and the Netherlands back off their economic assault on Iceland, the Icelanders will turn off their volcano. And say please.

Sat, 04/17/2010 - 20:34 | 306152 ginunn
ginunn's picture

Maybe if Britain and the Netherlands back off their economic assault on Iceland, the Icelanders will turn off their volcano. And say please.

Sat, 04/17/2010 - 20:44 | 306172 Grand Supercycle
Grand Supercycle's picture

Overtextended SP500 / DOW daily charts show bearish warnings and the next few days will tell us more.

DOW chart :

http://www.zerohedge.com/forum/latest-market-outlook-0

Sun, 04/18/2010 - 00:25 | 306365 JimS
JimS's picture

A couple of observations. I work in the field of environmental health. Glass is not a good thing to breathe, it's called silicosis. Fine glass particles will react in the lungs much the same as if you saw/grind concrete. The fine sand/fine glass does nasty things to the lining of one's lungs. Respiratory diseases are not fun. (This assumes that the eruptions continue for an extended period of time) Secondly, the crop issue is serious. The world is not very "long" on grain-food supplies ( putting it into commodity lingo), and we/the World are rather short (like 60-to-90 days) on such supplies. Most of the world's grains are grown in the Nothern hemisphere.  If this event continues for an extended period of time, (and I don't know if this means week/weeks/months) it could get real ugly, real fast. DBA could be a very good bet, if the whole issue of "paper" representing actual food works. On a short term basis, it(DBA) could have a super strong run.

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