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Toyota Says It Will Have To Shut Down North American Factories, 25,000 Workers To Be "Affected"
Remember the massive surge to world GDP courtesy of the Japanese disaster spouted by every idiot on CNBC? Well, here we go:
- TOYOTA SAYS WILL HAVE TO SHUT DOWN N. AMERICAN FACTORIES
- TOYOTA SAYS SHUTDOWNS MAY AFFECT 25,000 WORKERS
This is massively bullish for horse buggies and Flintstonemobiles.
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Who needs a car anyway?
ya but according to CNN: "McDonald's to hire 50,000 workers - in 1 day"
http://money.cnn.com/2011/04/04/news/companies/mcdonalds_jobs/?section=m...
They are probably replacing the bottom 5-10% of employees on same day.
nah - replacing all the ones that got a quarter raise last quarter
Thank goodness there's a "Flintstones" class at Wyotech. Had me breakin' a sweat for a quick sec....
that should "supersize" the April NFP
About 3.5 Mexicans per store.......
why junk this? Mexicans need amerika's crumbling jobs infrastructure to survive que no?
Chamber of Commerce needs pliant peasant labor...it's a ween/ween comprende?
Mcdonalds just signed up for E-Verify.
The day they put the notice on the walls the workers decided showing up wasn't a good decision.
Not kidding, Monday last week, The Daily Oklahoman daily crossword, one of the clues (1 down), was "Low-paying, unflattering job". The answer was McJob. Yup, these 50,000 low-paying, unflattering jobs ought to really help get things moving in the right direction. BTFD
Well then everything will be just hunky dory. Would you like fries with that?
Did I ask for fries?
assuming the girl taking the order is hawt, the appropriate order would be, "Yes, can I get the 6-piece chicken titties and a large order of thighs with that booty shake."
DOH!
Bicycles, bitchez.
velo.....babe†
Take the Bus Bitchez !
Shangai here we come! They give us their run-down bikes, we give them our big SUV's...
Is there any crediable information on the status of Toyota's Japan Factories, i.e. how many were destroyed by water vs. radiation vs. no powerer vs. no parts???
I'd guess electricity shortage in Japan, meaning parts shortage for lines here.
They tend to build the motors and transmissions over there.
Americans.. the bottom 99% of us any way, can't afford the gas for cars anyhow.
Go long horses!!
Go bullish Glue Factories!!
They stopped using horses for glue decdes ago....Its dog food now..
Growing up, used to watch the truckloads of horse carcasses being dropped off at a nearby jello factory.... never eaten jello since.
Jello's great for your nails and hair.
I just bought a Highlander. Good to go for a decade now (provided there is any gas to be put in it and parts to repair it.)
on Mon, 04/04/2011 - 14:05
#1133377
Who needs a car anyway?
.
LIBYAN FREEDOM FIGHTERS BITCHEZ
Want to know how this may all end? Read Kunstler.
If 'survival' implies sharing a world with curmudgeonly pricks like Kunstler, maybe one is better off dying early.
He's always reminded me of a character out of the Piers Anthony Tarot series written way before Kunstler. It was never that popular or even well reviewed when it came out in the 80's. It is definately one of his darker foray's into fantasy novels, but considering the pap he wrote with the Xanth series I'm sure it was an escape from 14 year old fanboys at conferences seeking "funny fantasy".
+1 to you for knowing who Piers Anthony is! :)
+2 for both of you knowing who Piers Anthony is..
Lemme guess, he reminds you of the Satan worshipper?
Kunstler's "Long Emergency" seems pretty much on point, even if his weekly blog calls for imminent apocalypse are off in their timing.
The Georgraphy of Nowhere was on point, as well. He also like mules (for good reason).
I have it on good authority that he is also very fond of sheep.
+
Misspelled, should be Kuntsler.
Used to subscribe to that magazine. It was a less classy version of Hustler.
Pikers. Jugs is the only way to sleaze out over the top. Cheri and Swank weren't too far behind, and I once had a lovely '86 "Chesty Girls" from the UK.
The Bernank will just print more Toyotas you dimwits!
Too bad he can't print jobs.
Tell that to the BLS.
99'er attrition puts us on trend for a 6% U-3 number by Obama's 2nd Inauguration Party.
I smell a dip coming, need to round up some Benny Bucks to take advantage...
They can all apply at MickeyD's on April 19.
Good thing GM was smart and produced all of those cars nobody wanted. /sarc
lol Bullish for stock market too.
Is that the new sports coupe? Totally rad.
LOL. It's the new Mini-Copper.
Ahem.
This is just the start. All the AnalCysts on CNBsC who brushed the 'Japan thing' off as a non-event were smoking massive Hopium pipes.
Tie the known facts about Fukushima (much has yet to be gleaned, and therein lay the very scary part) into the global, integrated supply chain, add a dash of extremely weak economic fundamentals, toss in a generous handful of massive central bank bubble blowing and price meddling and market distortion, and you have recipe for Shit Just Gonna Get More Real & Just Gettin' Started pie.
Print, BOJ, Print!
+++ World trade is going down hard, starting with the Orient. Working for a living is a bad joke. Saving is a bad joke. It's going to be a long, hot, summer, and not only in Detroit.
Do you think the USA will ALLOW car parts that are radiated into the country...no ..never..nada...its so scary....
"hey buddy, I got a good used car from Japan.....cheap..slightly wet...want some?..."
Depends on the definition of "radiated".
Will Carfax add a new check mark for 'radiation?'
Radiation Levels are relative, just like inflation numbers are relative, and everything is relative.
New Normal is achieved by simply adjusting the scale, or in the case of inflation by removing the more volatile components from the data series until the desired number is obtained.
Our bearing suppliers in Korea and Japan are mostly upbeat about being able to supply us in the coming months.
Maybe because so many car plants are being shut down in Japan, and now here, is freeing up some capacity.
Aftermarket, putaz!
Hey DoChen, just found out that I'll be going to Peru ... later this year.
Dupe, sorry
Good for you Rusty! You will likely have a great time. Great food too.
If you plan to go to Cuzco (an altitude of 10,500') and/or Machu Picchu, here's a suggestion. Take a flight to the Southern Peruvian city of Arequipa (7000') and stay a couple of days to acclimate yourself(ves).
The more Spanish you know the better as well.
Finally, street crime is a problem (as everywhere in developing countries) so be aware at all times.
my mom got her gold necklace ripped off her neck while at Machu Picchu. apparently it was no surprise, except to her. lots of targets, hiking that path.
Does this mean we will be invading Japan next?
Does this mean we will be invading Japan next?
Yes, we will soon begin bombing the Fukushima Dai-Ichi power plant to save Japanese civilians from a humanitarian crisis of radioactive aggression.
Next? Tmos, the US never left after WWII. You knew that.
ORI
No Japan has no oil, but has nukes.
Japan doesn't have nukes, but we are now invading nations for their non-oil resources, so it makes a sick sort of sense that we would invade a nation to get at their manufacturing base.
I talkd to an old friend of mine and in "the valley" where I grew up (Rio Grande Valley -- Southern most tip of Texas) people are beginning to ride horses to wal-mart, target and other stores instead of using cars so, however hilarious your sarcasm is Tyler, it's actually spot on.
Bullish for pack saddles and panniers:
http://www.packsaddleshop.com/Catalog/images/Jul2005/Iron%20Cloth%20Pan/pages/ironcfull_JPG.htm
"The People of Wal-Mart"; on horseback. Now *there's* a visual...
I hope the horses shit in the store. Fuck WalMart!
haha brilliant! lmao
There you go banzai. This would be a perfect "visual" to photo-chop!
"oh the equinamity!"
Bicycles with two-wheeled hitched trailers are getting popular here in Northern Ca. And this is in the spread-out suburbs, cleverly laid out to maximize driving and minimize human contact. People adapt and are always, individually, more intelligent than central govts.
sarcasm is always DEAD serious. but "i've looked at life from both sides now. from give and take and, still, somehow, it's life's illusions i recall. i really don't know life, at all."
Note to self.
Short: Toyota
Long: Flinstonemobiles, buggies, chariots, sleds, iceskates, skateboards, bicycles,
You forgot windboards and windwagons.
Earth Getting Mysteriously Windier
http://news.nationalgeographic.com/news/2011/03/110328-earth-storms-wind...
(I ignored the global warming part)
wind turbines, solar panels, electric cars and scooters....
roller skis and batmobiles, jetsons mobile
Jetson commutes to work in an aerocar that resembles a flying saucer with a transparent bubble top.
RE: TM
Already priced in. Cramer said so.
Yamaha &/or HOG
A rising tsunami destroys all boats.
Priced in, definitely bullish. If anybody at all is surprised by this they are brain dead, I suspect that most ZH commentators are not. I'm surprised it is taking this long for it to happen. I am now beginning to suspect that my brain is what kept me from my career on Bay St. (Canada's Wall Street) from being successful.
This is bullish on Carmax
Affordable used cars, which have been the hottest ticket in the U.S., are going to be rare sights.
The average transaction price for the overwhelming majority of used car sales, which are more profitable than new car sales for dealers (as they make volume and carry higher percentage rates on the finance side, and thus have been keeping many dealerships on life support) is $4,900 USD.
This is just one catastrophe that is part of what will soon be a cascade.
Go long Vespa.
I had to buy a new car last year and when we had to make the decision, the price difference between new and used was negligible... after the dealer incentives, warranty, "free" maintenance, slightly better fuel economy, etc., it was a no brainer on a new vehicle... I had always been in the "buy used" camp, but an analysis of the relevant costs and benefits for that particular transaction changed...
I'll buy one of the GM pieces of shit if they'll price them right. I don't want to be pushing that sonofabitch in 100,000 miles, but I'll risk it if the price is right.
It won't effect the jobs numbers, +25,000 new employees at Mickey D's making minumum wage...yipee
I think you mean affect.
You are correct..thanks for noticing..
Anecdotal but prices on used cars are up rather markedly- to the tune of 10-20% in the past few weeks on the Manheim site. I guess the less supply of new cars is causing the price of used to seek a premium. Sure glad our fearless leader paid $40k per "clunker"' to crush perfectly good used vehicles last year, removing thousands of cheap cars forever from the market.
Going forward, I cannot imagine any educated consumer wanting to purchase any Japanese branded new car for fear or radioactive contamination.
Yes this morning I just started the process of selling some crap to buy a solid second half north american truck. My original intention was a truck might by useful in the coming depression, but looks like its going to be a great investment. First time in history that a GMC pickup truck with 100,000 miles on it is considered a good solid investment.
Specially if there's a couple of Barretts or a M61 Vulcan mounted on the back.
New business/market opportunity: Modifying pickups into "technicals"! :>D
buy a solid second half north american truck...
Probably no news to you, but I would suggest keeping it simple on whatever truck you pick. American trucks are long on drivetrains, but short on fiddly electronic luxury conveniences. :)
cash for clunkers destroyed many a peoples homes!
Cash for Clunkers = Another evil debt entrapment plot for many fools (*there were wise & wealthy people who took intelligent advantage of the government's idiocy, but the majority of buyers will be hung out on the racks).
Yep. Most of the new vehicles purchased were SUV's that on average get 18MPG. Most ot the people that bought are now stuck in 6-7 year loans on vehicles that are worth 20-40% less than what they paid, having for the most part paid sticker becuase the dealers were able to tell these lemmings that they were getting the "gubment money" back, therefore reducing the price. Most people didn't care and paid full boat. So you have thousands of folk that cannot afford these new cars, having traded in perfectly drivable paid off cars that were crushed so Obama could juice up the GDP by paying over $40k per clunker.
It was laughable. What was worse was that most of these lemmings weren't told that in some states their "gubment money" was taxable.
Another shining example of Keynsenian social engineering at its finest. Not surprisingly Government Motors has reintroduced 0% giveway financing on most of their new POS lineup, coupled with an average of $4k in incentives. Guess who's paying for this?
Contrast that to Ford, which refused to take any bailout money and is having it's best year in decades. I can't wait until Obama targets them.
another 25,000 stopping making payments on their homes....fucking sad.... CNBC fools
So much for JIT management.
25,000 * 3 (for every one direct job) ?
What cities have Toyota factories?
likely over ×10 (JIT suppliers also have suppliers, outsourced cleaning/maintenance teams, etc)
Maybe I low-balled that a bit.
Point made though.
What cities are effected?
What about other US industries that rely on Japanese input?
Must be more than 25,000.
The joint toyota / gm car plant that was in northern california was the last car assembly plant west of the Mississippi prior to closing. It's skeleton shell has since been partially filled by Tesla Motors but considering they only make like what, 5 cars a month (? LMAO), I wouldn't say they're a major automotive force right at this exact moment based on total car output alone.
So everything is east of the Mississippi, including the supporting 3rd party vendors since most are within a fairly close vicinity of the actual plant.
how do you say Yaba Daba Doo in Japaneese ???
http://www.worldlingo.com/en/products_services/worldlingo_translator.html
Yaba Daba Doo apparently.
Ood Abad Abay!
Sounds more like rebel Farsi.
Well I guess it's good that these workers will now be able to afford daily living....
http://bpp.mit.edu/daily-price-indexes/ "To the moon Alice"
drive donkey cart
thru mcdonalds
drive thru ..
long donkey chow
McDonalds can afford to hire 50,000 people since they have a waiver from Obamacare.
Per ZH, plenty of GM's on the lot
A $41,000 Chevy Volt in every garage, charged by Fukushima Daiichi.
'Fill 'er up!'
'Will that be coal or uranium, ma'am?'
The Saudi's will make up for any decline in production...
Long, camels!
+ 25000
Yes but the plants have to be reopened in China?
So, the Japanese will make amends to the Chinese and give them industrial equipment that was stolen back during the Sino-Japanese war?
OBAMA WILL SOLVE THAT UNEMPLOYMENT PROBLEM TO!!!
HE'LL JUST DOUBLE THE NATIONAL DEBT TO GET THOSE 25000 BACK TO WORK!!
14 TRILLION WILL BE WELL SPEND!!
14 TRILLION WILL BE WELL SPEND!!
Pfft -- adjusted for inflation, what's 14 trillion dollars anymore?
Long OTM calls on Buggy-whip ETFs.
I thought the initial spin that this disaster in Japan would be a non-event to GDP a bit premature. Jury's still out, and this thing has a ways to go.
If Chevy can deliver Volts....just sayin'.
But that's real news! No one really trades on facts anymore these days! So.....no worries folks....there's still a lot of money on the sidelines...zzzzzz
NOT TO WORRY.
DOES ANYONE WANT TO BUY RADIOACTIVE CARS UNTIL THE YEAR 8011?
this should be really bullish for japanese carsales, really! (glows in the dark style)
Hey Larry, it's all aces right? Right???
http://foundationsofecon.blogspot.com/2011/03/will-japans-earthquake-be-economic-boon.html
MSM responds:
http://www.youtube.com/watch?v=Zi4XIt_jUoQ
Nothing in the mainstream news or financial nes about this yet. I assume it will come after the market closes.
why spend time reading the headlines while 1984 and animal farm could have you provided with everything coming up since 1984 and a lot before?
It's all good, the Japanese were going to have to stop giving cars away to the debt slaves in the US anyways.
McDonald's to Hire 50,000 to Fight 'McJob' Stigma
Team Ponzi (Bernanke/Geitner/Dudley/Blankfein/Summers(still on call) communique':
"Let 'them' eat Big Macs...
...If MacD's hires another 10M ungrateful serfs the US will be back to full employment, and then heart disease will kill them all off before they'll ever start collecting S.S. at the new mandatory retirement age -- 75. Problem solved."
So, BFD...BTFD.
Maybe if we strike a deal to import their radiated food stuffs we can mitigate this crisis!! At least the government can say it re-created/saved (depending on the response time of Joe Biden) 25,000 jobs, and at the same time by raising the acceptable radiation levels, to show our solidarity for the Japanese Government!
Long Amish Country!
Will the nobel prize winner threaten Toyota...hmmm
The big mac-MCD had to throw Obama a bone for the health care coverage waivers they scammed
The new relaese says that no workers will be laid off however. Tyler can you please get clarification from Toyota. If they will "not be laid off" then how will they be "affected"?
just in time production..and when u have a disruption in a supply chain without buffer you will suffer
So what you are saying is my new CT200h is now worth twice as much?
Were seeing the margin compression effect at work. Plant closings, layoffs, declining earnings.
Still think you can print your way to prosperity?
it is indeed bullish for GM and Ford.
Maybe the Mayans were right. Just sayin. The feces is striking the ocillating device rather hard in recent times.
Or as we say in the south - "shit hits the fan"
The Mayan's were probably right on some things. I assure you they were wrong on most things.
If you doubt what I'm saying, maybe you can ask some Mayan's to comment?
Is Kudlow still grateful?
This should get the unemployment rate down to 8.5%!
U.S. worker representatives will be invited, all expenses paid, to Japanese offices in Fukushima to discuss serverence packages, relocation opportunities and job placement services.
any questions?.....
Plenty of cleanup jobs available in Japan right now...
WOW, this is good for at least another 100 points on the S&P right? Freaking American scam of the millenium. I hope these crooks get what is coming to them, and this ponzi collapses so low and we refuse to bail these crooks out.
Supposedly, and according to Senator Kay Hagan, the financial laws passed by Congress prevent the taxpayer from ever having to bail out a public company again. Well, I guess they will work around that and make them government nationalized firrms then....Congress.....what a bunch of morons.
I have not bothered watching the stock markets today, but I assume they are going to close up by about 0.35% as long as there is no major Apocalypse today...
This ain't over by a long shot
http://english.aljazeera.net/indepth/features/2011/04/20114219250664111....
The Central Institute for Meteorology and Geodynamics of Vienna told New Scientist on March 24: “Japan’s damaged nuclear plant in Fukushima has been emitting radioactive iodine and caesium at levels approaching those seen in the aftermath of the Chernobyl accident in 1986. Austrian researchers have used a worldwide network of radiation detectors – designed to spot clandestine nuclear bomb tests – to show that iodine-131 is being released at daily levels 73 per cent of those seen after the 1986 disaster. The daily amount of caesium-137 released from Fukushima Daiichi is around 60 per cent of the amount released from Chernobyl.”
you mean the "orange agent"?
yes, WORLD MADE BY HAND a good book