One Minute Macro Summary - Earthquake To Be At Least ¥2.75T Hit To Japanese GDP (For Now)

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Wed, 03/23/2011 - 08:01 | 1089235 Spitzer
Spitzer's picture

Looks to be just another up day.

Wed, 03/23/2011 - 08:03 | 1089243 Thorlyx
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yep. Problem is, there won't be any dips more to buy.

Shit, too late.

Wed, 03/23/2011 - 08:54 | 1089408 oh_bama
oh_bama's picture

Did I tell you guys to BTFD a few days ago???



Now just wait. for the next dip. And the BTFD!!


Wed, 03/23/2011 - 09:07 | 1089472 cowdiddly
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Even the infamous Rally Monkey is wearing a tin foil hat.(with lead liner)

Wed, 03/23/2011 - 08:12 | 1089265 oh_bama
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The demage is NOTHING when compared with the 1 quadrillion yen QEs in the pipe!!

Go BOJ! !



Wed, 03/23/2011 - 09:16 | 1089522 Battleaxe
Battleaxe's picture

Thankfully the economic toll is worse than the market toll.

Wed, 03/23/2011 - 08:03 | 1089247 cossack55
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I understand Japan's GDP definition has been changed to

Gross Damage Projections

Wed, 03/23/2011 - 08:08 | 1089257 ivars
ivars's picture

There are more and more double dip recessions coming forward (UK, New Zeeland, Japan) so If Portugal goes Irelands way, you can buy the dip at DJIA 10500 in May but beware to SELL in June at 11500 before stocks go down from July 2011-March 2012 and beyond. See this February 6th chart which predicted the dip on February 18th, and also continues to predict the current and coming dip to 10500 in June, but also predicts second recession in the USA in q1 2012 and decline in stocks prior to that to 9500 in 2011 and 7500 in March 2012:


Basic reason for second recession on top of all other "black swans" - Oil prices-also february 6th graph-let us see if the second peak in April ( Brent 125-130 USD) is also timed correctly:



Wed, 03/23/2011 - 08:11 | 1089267 A Man without Q...
A Man without Qualities's picture

As mentioned elsewhere, the Japanese figures do not include any costs linked to the nuclear accident.... so add a large number.

Wed, 03/23/2011 - 08:15 | 1089272 Judge Judy Scheinlok
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Bullish Nikkei-sons are true Kamikaze. The floor should drop very soon.

Wed, 03/23/2011 - 08:15 | 1089273 goldenbuddha454
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You can be sure if the winds were blowing that radiation towards Shanghai the Chicoms would be fit-to-be-tied!  As it is though, the winds are blowing that crap towards the USA so they don't give a damn.  Actually, they're probably looking at us like "those Americans deserve all they get" cause we're never paying them back for the junk bonds we sold them.  Excuse me, I mean treasury bonds.

Wed, 03/23/2011 - 08:15 | 1089284 sangell
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Until Japan gets that power plant under control any estimate on what the costs or impact on GDP will be are worthless. I note the US 80km evacuation zone ends just as Sendai begins. If the contaminated zone goes to 100km then you've got a city of 1 million people that needs to be 'replaced'. Extend it south towards Tokyo and you have the end of the world as we have known it.

Wed, 03/23/2011 - 08:15 | 1089285 vxpatel
vxpatel's picture

Surprised this hasn't gotten more airtime on ZH!


"If we continue down on the path on which the fiscal authorities put us, we will become insolvent, the question is when," Dallas Federal Reserve Bank President Richard Fisher said in a question and answer session after delivering a speech at the University of Frankfurt. "The short-term negotiations are very important, I look at this as a tipping point."


Wed, 03/23/2011 - 08:17 | 1089288 oogs66
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Sovx a few wider now 177.  Irish and Portuguese 10 year yields back to wides  9.9% and 7.5% respectively.  The HY market is getting a bit squishy.  No serious liquidation, but the bid side of market is flaky and small. 

Wed, 03/23/2011 - 08:29 | 1089324 The Axe
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If this market has proven to me ONE thing,,never fight a central bank when they create liquidity thru easy money policy.

Wed, 03/23/2011 - 08:42 | 1089357 goldenbuddha454
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If Tokyo gets thoroughly contaminated with the radioactive fallout, will it become like the Bikini Atolls where it will be uninhabitable for 100,000 years?

Wed, 03/23/2011 - 08:46 | 1089375 99er
Wed, 03/23/2011 - 08:48 | 1089379 disabledvet
disabledvet's picture

obviously "this is not knowable." it get's to the heart of why in a NUCLEAR crisis it is LIES that you have to fear most.  Right now "this looks like Bhopal to me."

Wed, 03/23/2011 - 10:02 | 1089715 asteroids
asteroids's picture

While QEII exists you can't short this market. Too dangerous. Wait in cash.

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