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Maybe Ravi Batra was finally right. 20 years too early, but the catastrophe in Japan appears to be correct.
For those who want to bone up on Batra's predictions: http://www.amazon.com/Great-Depression-1990-Ravi-Batra/dp/0440201683
I recently finished re-reading the Dickens classic, The Old Curiosity Shop. If space monkeys recall, the elderly grandfather was gambling with borrowed money in a last ditch attempt towards generating endowment funds for his grand-daugher.
In many ways, Bernanke is like the grandfather. He knew back in 2008 that he had at most 2-3 years to pimp expectations. That's really all the time he had while waiting for some technological breakthrough or global cultural movement (mania) to get morts once again signing debt peonage papers.
But, like all classic Dickensian characters, time runs out - in truth, the odds were always against them. So now here it comes, all the bad news/events which have been suppressed & have built up pressure are ready to blow.
When this is over sometime in the distant future, the 2007-2011 period will seem like the dreamlike pre-WWI Belle Époque.
The mood completely change when reactor 2 blew up and results came in. Sounds like they are beginning to try to tell the truth on TV. You can hear it in their voice, as if it is getting more and more difficult for them to lie.
Before the collapse of the USA and world economies builds up to final detonation, let me make it perfectly clear before they blame it on the Japanese earthquake and nuclear disasters.
The USA would have had no problem dealing with this tragedy if we were not 14 trillion dollars in debt and had not huge unfunded liabilities on every level!
As I said before, the huge national debt of the US is a direct threat to our national security and now that threat is going to be played out.
End the Fucking Federal Reserve Corporation as soon as possible!
Cannot wait for Jones' take on all of this.
Who was behind it, certainly not a "natural" disaster that is so cliche in your world?
Maybe the Zionistas again or those evil banksters?
More disinfo (not ALL of it; you have to have some 'truth' in 'it')?
Which 'branch' did you say you were from (who pays you)?
Resistance is futile.
The "who pays you" line is becoming the de facto way to try and discredit someone with differing view points.
Which is amusing coming from someone who has only been here for 3 weeks.
As if tenure and credibility go hand in hand, this is not a public union. THe cyber blow jobs from fellow moronista conspiracy doomsday self loathing neo marxists and/or anarchists are big street cred around here though.
The scary thing is the lack of realization how not novel any of it is. How the same was shouted from the rooftops of the time in both the 70's and 80's to no avail nor doomsday.
But it makes for entertaining delusional paranoia at it's finest.
I am merely pointing out that ad hominem attacks are becoming the default method of countering differing opinions.
Of course, tenure and credibility do not go hand in hand. But it IS amusing given the context of the accusation.
Here's another one with deep normalcy bias. He'll get it eventually, or not.
Since I've been here longer than 3 weeks, blow it out your ass.
I'll take it under advisement.
Welcome to a vision of your future;
ALERT: Patriot Raided by SWAT Under Patriot Act
Predicting a catastrophe of some kind in a country with as many tectonic plates intersecting underneath/near it as Japan.
High-5 Ravi Batra, who would have thought it possible.
The way they built all of their sky scrapers to resist a major earthquake, they had to have consulted an astrologist or a psychic of some kind, right?
Aliens told them how...
Is the Nikkei even trading today? Article above said futures -16%.
Another nice thing about ZH, I can ask questions like the above and get a good response from the smart gene pool of people here...
If it is just futures trading (like on tomorrow's open, whatever), there is plenty of time for the EE and PPT to step in.
Cash markets are all trading - look at Hang Seng down 800+, Taiwan down 300 last I looked
Japan always shuts down at 10:28 for awhile - its gonna shit the bed when it reopens because they say Reactor #4 is on fire now and there is in all likelihood a leak in the #2 container vessel
Japan just reopened - down 800
India just opened down 400 out of the gate
U.S. futures down 210+
Fucking Japan's down 1200+ do they have circuit breakers that will shut them down?
Thanks aint! More proof that ZH is THE place to observe events...
My third home...
This is becoming a monster liquidity sucking machine
As incredible as down 1370 is in Japan, Hang Sen down 900 and Taiwan down 435 say the meltdown of the 3rd largest economy in the whole world is gonna set off a chain reaction of selling as the entire linkage/corellation meme works just as hard on the downside as on the upside.
Oil's getting whacked despite continued fears about Bahrain and the rest of the ME.
So fuck you bernank you motherfucker - inflate your way out of this shit. You notice what the EURUSD's doing tonight you middle class murdering POS??
Watch this EURUSD chart tomorrow a.m. I will bet you the Euro spikes at exactly 3:30 +/- 15 minutes eastern time to over 1.40 on a massive dollar selling spree by the bernank. He'll be buying EURO's hand over fist.
Dow futures down 275 tonight will be flat by 8:30 a.m. eastern premarket when he gets done with his manipulation.
Anyone care to place a wager?
Hear hear, y'all. It has been predicted, the markets will crash once again. Once we take out 1220 SPX, then 1180, it's a done deal. I'm not 100% convinced, but the prediction is playing out nicely (or badly). Though expect a bounce from 1180 to around 1220, then vroom, straight down to 750-800 SPX (taking out 1050 like a hot knife through butter). If that happens, we WILL see DOW 6000 for sure. Though possibly 5000-3000. The source says, paraphrasing, "you will not care about the stock market when it crashes".
If the containment vessels are fried, its a gonner, as in meltdown
Let's hope they can still pump salt water.
The headline above is referencing the Nikkei 225 Futures. Said contract trades nearly 24hr/day with a daily 30min break; however, as the other replies correctly point out, the markets are open, and I think there is about 1.5hrs left in todays post-lunch session (could be wrong).
No, but I would recommend Lumber futures...Or wait for the market in Cairo to reopen when ever that is..
Will nibble at DFJ at 30
More likely the birth of a new Japan. This apocalypse should finally get the japanese in gear to have a revolution in their arthritic govt. Yeah it's gonna be hell for awhile but they might turn lemons into lemonade. Compare the character of the Japanese during this to us Americans during katrina.....night and day. And yet, the USA is going to go through their own apocalypse soon so just think what will happen...katrina times 1000...make the civil war look tame.
We are far more deserving of this kind of catastrophe than the Japanese.
“Deservin's got nothing to do with it.”
Quite possibly the most douche bag piece-of-shit comment in history.
What banana and boiler said...
There is no "deserve" or "not deserve", none. Nature/the universe does not discriminate, it just "is". Given the level of brainwashing, distraction, and general lack of any real consciousness in today's world, events like this are a powerful reminder that we live on a deminimus sized rock, circling a relatively massive but ultimately equally deminimus-sized star, amidst that which is empty and infinite. We can choose to bury our heads in the sand, or embrace our impermance and free ourselves.
My heart goes out to the Japanese and the ex-pats in Japan. I believe Japanese society and cohesion will overcome this series of events.
Or would that be + $1390 now? $1380?
Thanks, I moved the comment up for maximum consumption.
Nikkei just dropped over 400pts in 30min. Its on like Donkey Kong.
I mean futures hell! the index might go below 16% today!
Unit 4 is the one that had a reported fire in the SFP. This is the first known report of that unit also having suffered an explosion.
If the water in the SFP is now boiling then it will eventually evaporate the full 40 ft x 40 ft x 20 ft SFP, the fuel bundles will be exposed to the atmosphere and H2 will be liberated as the cladding oxidizes and the result will be either a fire or an explosion.
don't buy till it goes sky high
Started to post something snarky, but stopped half way. My heart goes out to Japan. This is surreal.
Just for once, I am not going to enjoy being short even though I have had my brains warped by the 2 year bull run !!
Don't forget the $2.7 Trillion in federal deficit spending in FY2009 and FY2010 and untold trillions of US dollars being created by The Fed that came with that "2 year bull run". The market may (or may not) run out of steam this year, but we have a projected $1.65 Trillion budget deficit for FY2011 coming. All in all, I'd say it was a bad deal. Far more people are hurting from inflation than those who gained from the stock market rise.
I think the real Black Swan has just blown in. I told Robo I am short the KBE. Also short eight different triple ETFs. If this is not the time. It will never be.
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