Panic Evacuations Strike Tokyo Where Radiation Levels Are Ten Times Normal, Food Hoarding Empties Stores In Capital, Fallout Projected To Blow To Pacific

Tyler Durden's picture

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HamyWanger's picture

I wouldn't worry about all this. The Japanese will soon come to their senses and realize that the best option for them is preserving the status quo. Besides, CNBC just said it will have no consequences on the world economy. 

I've just bought the dip in equities this morning with all my life savings on a x150 leverage. This is a unique buying opportunity!!!

dukeystick's picture

...uh, but the "dip" hasn't dipped yet.


Fat, radio-active fingers.

anvILL's picture

When you see Japanese manufacturing companies with great technology and good balance sheets that are very likely to post profits this year break well below PBR of one andstarts showing dividend yield exceeding 1%, it is likely that it will be dipped very soon or it has already dipped but you haven't noticed yet. Either way, some of those companies that were sold off are very geographically diversified and very cheap.

dick cheneys ghost's picture

middle east tensions cant be helping.....


iran says saudi troops unacceptable

anvILL's picture

Make that dividend yield 2%. My mistake.

Bob's picture

If you snooze, you lose, eh Hamy?  Well done, as always.

slewie the pi-rat's picture

now we have #4 too hot to handle.  b/c of the proximity of these reactors, the heat involved is now lighting up the first (nearest) of the ones which [if i'm not mistaken] were shut down and not producing power at the time of the quake/tsunami. 

who ya gonna call?

we may be seeing the deflation that some have been wagging their tongues about since 666 and the biggest dead cat bounce in the history of fiat.  commodities are down.  the bloomie screen for dummies has nat. gas and orange juice green.  period. euro stox are awash in red;  after asia, who ya gonna call?

the dollar is upskie, 2 cents v. the loonie, almost 3 v. the aussie, but is getting absolutely plastered by----the yen!!!

wherever your carry trade arises, if you have pumped the cheapo, you may hafta re-pay with the primo.

and good luck managing those VIX spreads, too!  shark city, BiCHeZ!!!

gold and silver desperately seeking bids.  trades unwinding all over creation.  perhaps those reactors have reached the critical heat to ignite paper wealth, world-wide. 

gold just found a bid @ down $40, and silver, too, which is now down a little over $2, from worse.  now we shall see who will cut loose PM's for green stamps, and how the phys. and paper markets correlate thru this mess.

my new Four Horsemen play of the week?  Go Long On Wigs.  we'll all be bald as cue balls in 2 weeks!

DocLogo's picture

what's with all the junks?.... Does no one get satire anymore?

Boilermaker's picture

Wow, Mark Faber literally blew the doors off the government ponzi scam this morning on CNBC.  The D-BAGS at CNBC literally couldn't speak and he spewed the gossip.

Cue up the tape on ZH! 

Boilermaker's picture

Yea, I don't think he left much to the imagination.  He pretty much pulled his pants down and said "there it is, take a picture".  He won't be back any time soon.

equity_momo's picture

Kind of. He said we are heading to collapse and WW3.  

Cognitive Dissonance's picture

The one and only Marc Faber.

"The money printer will continue to print, that I'm sure."

Eternal Student's picture

+1. Thank you. My favorite part was at the end, when Liesman concluded with the words "I'm a little stunned". I think a crack in the Matrix just appeared.

Cognitive Dissonance's picture

Liesman looked fetching in his "I'm a little stunned" look for a Tuesday morning.

Ratscam's picture

maybe because of my ultra-pessimistic view ;)

we had dinner on saturday

he was also short term cautious on PM and other commodities

victor82's picture

And they let him do his whole rant w/o going to commercial? Wow, I'm impressed. Somebody at CNBC doesn't like Chicago Jesus anymore..

Did he find a way to work in the Mayans?

Diplodicus Rex's picture

I loved his comment "I would like to warn your listener" .  What, the only one?

r101958's picture

Panic? Please be real!

John McCloy's picture

Someone was saying today that Americans in Japan that she is speaking to are making plans to permanently leave Japan with their families and ones that are homeowners. Also the U.S. administration is stuck between issuing a warning directly to Americans in Japan to leave and trusting a close ally who they fear may be lying about the severity. 

Regardless I cannot see many expatriating to Japan in the near future. I people are evacuating Tokyo there is going to be some devastating housing price ramifications. 

ivana's picture

That's something nobody can fake. No cash helicopters and no CNBC can prevent exodus

duo's picture

I seriously talked with my wife about retiring in one of those seaside towns in Iwate pref.  We stayed at one on our honeymoon.  Oh well.

Vlad Tepid's picture

Well, good. More room for me. Japan has been my bug out country of choice for years and if Americans are leaving, well, more room for me.  I mean, what gives?  I am NOT making light of the situation because I love Japan more than any place I've ever lived, but everything will be more or less back to normal in 1 to 2 years on an infrastructure level regardless of tsunami or nuke plant damage.  I can not speak to the economic condition of the country but it will be a hell of a lot more orderly and neighborly when it hits the fan than the USA.  I actually JUST put in for a transfer TO Tokyo for next September and I fully expect to get it since all my co-workers are pulling their apps out like a hot potato.  Being a contrarian has so many advantages.  Thoughts?  Anyone else planning to expat to Japan or is everyone permanently bearish on remote Japanese farming villages (away from the coast) to retire in?

gruden's picture

An island in the Ring of Fire as a bug-out location?  Sure, go right on ahead...

Vlad Tepid's picture

And New Zealand, Oregon, and British Columbia aren't on the ring of fire?  This is whereI hear others are bugging out to...

Seasmoke's picture

Larry Kudlow cannnot be happy that this effecting his portfolio

Boilermaker's picture

Mustard seeds don't grow in a radioactive wasteland?  I didn't know that.

victor82's picture

No sweatshops, no peace!

Simple solution. Give the Happy Workers radiation suits. Then Larry's portfolio won't be harmed.

snowball777's picture

Hope the fucktard bought with both hands...and that said hands then fall the fuck off.

Vlad Tepid's picture

If that bastard really did say that the lives lost are no big deal because it didn't affect the economic picture (I didn't see the quote myself) then he should burn in hell.  I cannot imagine a human being saying that on TV and still having his job the next day.  I just had to get that off my chest.

Winisk's picture

Stay calm.  Ignore that deep seated instinctual feeling of flight in the face of potential danger that your ancient ancestors used to get you here.

Boilermaker's picture

Everyone please step into the massive group showers so we can clear up this lice infestation.  Keep the line moving folks; there are literally millions of you.  This will take some time and we have other things to do.

victor82's picture

To paraphrase Molly Ivins, this financial house of cards comes down so much better when it is heard in the original German.

AUD's picture

Gold, silver, Euro & USD all down in Yen. I'm having trouble equating this to a loss of credibility of the Japanese government.

eigenvalue's picture

The strength of the Yen is because of the selloff of foreign assets by Japanese insurance companies in order to satisfy the coming claims in Japan.

anvILL's picture

I consider this to be the loss of credibility of BoJ being able to "stabilize" markets despite their massive injection. Although, I still do believe they still have some power because it did move 1 Yen for 1 trillion of intervention last year.

AUD's picture

The Yen appreciating against everything is the Yen being bid. The Yen is the obligation of the BoJ which is an arm of the government. Your obligation doesn't get bid when you have no credibility.

anvILL's picture

Yes, I completely agree with your statement. What I was trying to say is that I think that BoJ has failed to scare off speculators shorting the Nikkei and buying the yen despite their huge intervention.

I think maintaining the credibility of a currency and maintaining credibility as the power to intervene are different things.

ivana's picture

Do not forget all CBs support eachother and are infact a cartel. Wait a while...

Tail Dogging The Wag's picture

To me it's very simple:

BoJ will print to oblivion, Blackhawk Ben was the orchestra director, but Masaaki Shirakawa wants to print faster. Silver n Gold cannot be printed, they need to be mined. As the prices of the metals go down, I see an opportunity to buy physical.

snowball777's picture

A close friend who lives just outside Tokyo is joining the rest of her family and heading for their mountain cabin as a precaution. They're no more panic'd than anyone else who's been through a 9.0 quake and accompanying aftershocks, but also not sticking around to see what happens next.

anvILL's picture

As far as I can see on mixi (the Japanese equivalent of facebook and twitter in one), most of my friends, especially those who are well informed seems to be pretty calm despite the ten fold increase in radiation because ten times still wouldn't hurt. But yes, food is being hoarded not only in Tokyo but in many places in the Kanto area.