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Toyota Says It Will Have To Shut Down North American Factories, 25,000 Workers To Be "Affected"

Tyler Durden's picture




 

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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Mon, 04/04/2011 - 14:05 | 1133377 strenue
strenue's picture

Who needs a car anyway?

Mon, 04/04/2011 - 14:12 | 1133407 AN0NYM0US
AN0NYM0US's picture

ya but according to CNN: "McDonald's to hire 50,000 workers - in 1 day"

 

McDonald's (MCD, Fortune 500) said that these new "Mcjobs" will include crew and management positions, part-time and full-time. McDonald's, which has 14,000 restaurants in the United States, said the hires will occur nationwide. "We're excited to offer 50,000 new jobs, all across America, all in one day," said Jan Fields, president of McDonald's U.S.A.

 

http://money.cnn.com/2011/04/04/news/companies/mcdonalds_jobs/?section=m...

Mon, 04/04/2011 - 14:19 | 1133463 drswhaley
drswhaley's picture

They are probably replacing the bottom 5-10% of employees on same day.

Mon, 04/04/2011 - 16:21 | 1134134 dark pools of soros
dark pools of soros's picture

nah - replacing all the ones that got a quarter raise last quarter

Mon, 04/04/2011 - 19:18 | 1134835 Haywood Jablowme
Haywood Jablowme's picture

Thank goodness there's a "Flintstones" class at Wyotech.  Had me breakin' a sweat for a quick sec....

 

Mon, 04/04/2011 - 14:24 | 1133487 WALLST8MY8BALL
WALLST8MY8BALL's picture

that should "supersize" the April NFP

Mon, 04/04/2011 - 14:24 | 1133496 JohnG
JohnG's picture

About 3.5 Mexicans per store.......

Mon, 04/04/2011 - 19:32 | 1134878 Bananamerican
Bananamerican's picture

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?

Mon, 04/04/2011 - 14:29 | 1133512 Mr Anderson
Mr Anderson's picture

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.

Mon, 04/04/2011 - 14:58 | 1133533 cbxer55
cbxer55's picture

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

Mon, 04/04/2011 - 14:33 | 1133544 throughthewire
throughthewire's picture

Well then everything will be just hunky dory. Would you like fries with that?

Mon, 04/04/2011 - 17:00 | 1134348 RichardENixon
RichardENixon's picture

Did I ask for fries?

Mon, 04/04/2011 - 19:21 | 1134846 Haywood Jablowme
Haywood Jablowme's picture

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."

 

Mon, 04/04/2011 - 22:45 | 1135479 ebworthen
ebworthen's picture

DOH!

Mon, 04/04/2011 - 14:50 | 1133612 SheepDog-One
SheepDog-One's picture

Bicycles, bitchez.

Mon, 04/04/2011 - 16:15 | 1134088 velobabe
velobabe's picture

velo.....babe†

Mon, 04/04/2011 - 18:55 | 1134767 depression
depression's picture

Take the Bus Bitchez !

Mon, 04/04/2011 - 20:09 | 1135014 Haywood Jablowme
Haywood Jablowme's picture

Bicycles, bitchez.

Shangai here we come!  They give us their run-down bikes, we give them our big SUV's...

Mon, 04/04/2011 - 15:36 | 1133889 Camtender
Camtender's picture

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???

 

 

Tue, 04/05/2011 - 00:33 | 1135709 ebworthen
ebworthen's picture

I'd guess electricity shortage in Japan, meaning parts shortage for lines here.

They tend to build the motors and transmissions over there.

Mon, 04/04/2011 - 14:06 | 1133381 Jason T
Jason T's picture

Americans.. the bottom 99% of us any way, can't afford the gas for cars anyhow.

Mon, 04/04/2011 - 14:27 | 1133499 CPL
CPL's picture

Go long horses!!

Go bullish Glue Factories!!

Mon, 04/04/2011 - 16:03 | 1134015 Cole Younger
Cole Younger's picture

They stopped using horses for glue decdes ago....Its dog food now..

Mon, 04/04/2011 - 16:53 | 1134317 pajohn
pajohn's picture

Growing up, used to watch the truckloads of horse carcasses being dropped off at a nearby jello factory.... never eaten jello since.

Mon, 04/04/2011 - 19:55 | 1134963 blunderdog
blunderdog's picture

Jello's great for your nails and hair.

Mon, 04/04/2011 - 16:19 | 1134119 Thomas
Thomas's picture

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.)

Mon, 04/04/2011 - 14:06 | 1133387 nah
nah's picture
by strenue
on Mon, 04/04/2011 - 14:05
#1133377

 

Who needs a car anyway?

.

LIBYAN FREEDOM FIGHTERS BITCHEZ

Mon, 04/04/2011 - 14:09 | 1133393 hedgeless_horseman
hedgeless_horseman's picture

Want to know how this may all end?  Read Kunstler.

Mon, 04/04/2011 - 14:32 | 1133526 ZackAttack
ZackAttack's picture

If 'survival' implies sharing a world with curmudgeonly pricks like Kunstler, maybe one is better off dying early.

Mon, 04/04/2011 - 14:32 | 1133538 CPL
CPL's picture

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".

 

 

Mon, 04/04/2011 - 15:06 | 1133717 Antarctico
Antarctico's picture

+1 to you for knowing who Piers Anthony is! :)

Mon, 04/04/2011 - 15:33 | 1133861 Brother can you...
Brother can you spare a dime's picture

+2 for both of you knowing who Piers Anthony is..

Mon, 04/04/2011 - 20:35 | 1135093 StychoKiller
StychoKiller's picture

Lemme guess, he reminds you of the Satan worshipper?

Mon, 04/04/2011 - 14:37 | 1133553 Ned Zeppelin
Ned Zeppelin's picture

Kunstler's "Long Emergency" seems pretty much on point, even if his weekly blog calls for imminent apocalypse are off in their timing.

Mon, 04/04/2011 - 14:58 | 1133682 Miss Expectations
Miss Expectations's picture

The Georgraphy of Nowhere was on point, as well.  He also like mules (for good reason).

Mon, 04/04/2011 - 16:49 | 1134293 TheMerryPrankster
TheMerryPrankster's picture

I have it on good authority that he is also very fond of sheep.

Mon, 04/04/2011 - 16:13 | 1134073 frankthomaswhite59
frankthomaswhite59's picture

+

Mon, 04/04/2011 - 14:49 | 1133616 cbxer55
cbxer55's picture

Misspelled, should be Kuntsler.

Mon, 04/04/2011 - 15:19 | 1133766 NumberNone
NumberNone's picture

Used to subscribe to that magazine.  It was a less classy version of Hustler. 

Mon, 04/04/2011 - 15:29 | 1133829 LFMayor
LFMayor's picture

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.

 

Mon, 04/04/2011 - 14:08 | 1133395 slow_roast
slow_roast's picture

The Bernank will just print more Toyotas you dimwits!

Mon, 04/04/2011 - 14:38 | 1133561 Misean
Misean's picture

Too bad he can't print jobs.

Mon, 04/04/2011 - 18:58 | 1134779 depression
depression's picture

Tell that to the BLS.

99'er attrition puts us on trend for a 6% U-3 number by Obama's 2nd Inauguration Party.

Mon, 04/04/2011 - 14:08 | 1133397 Josh Randall
Josh Randall's picture

I smell a dip coming, need to round up some Benny Bucks to take advantage...

Mon, 04/04/2011 - 14:10 | 1133401 r101958
r101958's picture

They can all apply at MickeyD's on April 19.

Mon, 04/04/2011 - 14:09 | 1133402 NotApplicable
NotApplicable's picture

Good thing GM was smart and produced all of those cars nobody wanted. /sarc

Mon, 04/04/2011 - 14:10 | 1133403 shushup
shushup's picture

lol Bullish for stock market too.

Mon, 04/04/2011 - 14:10 | 1133404 JollyRoger
JollyRoger's picture

Is that the new sports coupe?  Totally rad.

Mon, 04/04/2011 - 14:09 | 1133408 shushup
shushup's picture

LOL. It's the new Mini-Copper.

Mon, 04/04/2011 - 14:11 | 1133405 TruthInSunshine
TruthInSunshine's picture

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!

Mon, 04/04/2011 - 14:53 | 1133636 kaiserhoff
kaiserhoff's picture

+++  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.

Mon, 04/04/2011 - 15:20 | 1133787 youngman
youngman's picture

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?..."

Mon, 04/04/2011 - 16:29 | 1134183 Bicycle Repairman
Bicycle Repairman's picture

Depends on the definition of "radiated".

Mon, 04/04/2011 - 17:21 | 1134457 TruthInSunshine
TruthInSunshine's picture

Will Carfax add a new check mark for 'radiation?'

Mon, 04/04/2011 - 19:03 | 1134789 depression
depression's picture

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.

Mon, 04/04/2011 - 14:11 | 1133409 DoChenRollingBearing
DoChenRollingBearing's picture

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!

Mon, 04/04/2011 - 14:20 | 1133455 Rusty Shorts
Rusty Shorts's picture

Hey DoChen, just found out that I'll be going to Peru ... later this year.

Mon, 04/04/2011 - 15:08 | 1133725 DoChenRollingBearing
DoChenRollingBearing's picture

Dupe, sorry

Mon, 04/04/2011 - 15:07 | 1133726 DoChenRollingBearing
DoChenRollingBearing's picture

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.

Mon, 04/04/2011 - 16:20 | 1134130 velobabe
velobabe's picture

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.

Mon, 04/04/2011 - 14:11 | 1133410 tmosley
tmosley's picture

Does this mean we will be invading Japan next?

Mon, 04/04/2011 - 15:13 | 1133744 Antarctico
Antarctico's picture

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.

Mon, 04/04/2011 - 16:24 | 1134160 Oh regional Indian
Oh regional Indian's picture

Next? Tmos, the US never left after WWII. You knew that.

ORI

Mon, 04/04/2011 - 16:30 | 1134194 Bicycle Repairman
Bicycle Repairman's picture

No Japan has no oil, but has nukes.

Mon, 04/04/2011 - 20:33 | 1135095 tmosley
tmosley's picture

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.

Mon, 04/04/2011 - 14:12 | 1133411 tekhneek
tekhneek's picture

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.

Mon, 04/04/2011 - 14:51 | 1133618 SokPOTUS
SokPOTUS's picture

"The People of Wal-Mart"; on horseback.  Now *there's* a visual...

Mon, 04/04/2011 - 17:50 | 1134569 Bobbyrib
Bobbyrib's picture

I hope the horses shit in the store. Fuck WalMart!

Mon, 04/04/2011 - 20:06 | 1135000 Haywood Jablowme
Haywood Jablowme's picture

"The People of Wal-Mart"; on horseback.  Now *there's* a visual...

 

haha brilliant!  lmao

There you go banzai.  This would be a perfect "visual" to photo-chop!

 

Mon, 04/04/2011 - 20:47 | 1135139 Bananamerican
Bananamerican's picture

"oh the equinamity!"

Mon, 04/04/2011 - 15:21 | 1133784 Saxxon
Saxxon's picture

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.

Mon, 04/04/2011 - 15:35 | 1133888 psychologicalmess
psychologicalmess's picture

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."

Mon, 04/04/2011 - 14:13 | 1133413 slaughterer
slaughterer's picture

Note to self.

Short: Toyota

Long: Flinstonemobiles, buggies, chariots, sleds, iceskates, skateboards, bicycles,

 

 

Mon, 04/04/2011 - 14:15 | 1133432 cossack55
cossack55's picture

You forgot windboards and windwagons.

Mon, 04/04/2011 - 15:03 | 1133698 Miss Expectations
Miss Expectations's picture

Earth Getting Mysteriously Windier

http://news.nationalgeographic.com/news/2011/03/110328-earth-storms-wind...

(I ignored the global warming part)

Mon, 04/04/2011 - 20:47 | 1135144 Bananamerican
Bananamerican's picture

wind turbines, solar panels, electric cars and scooters....

Mon, 04/04/2011 - 16:28 | 1134185 velobabe
velobabe's picture

roller skis and batmobiles, jetsons mobile

Jetson commutes to work in an aerocar that resembles a flying saucer with a transparent bubble top.

Mon, 04/04/2011 - 14:38 | 1133558 Practical Irrat...
Practical Irrationality's picture

RE: TM

Already priced in. Cramer said so.

Mon, 04/04/2011 - 15:33 | 1133863 DoctoRx
DoctoRx's picture

Yamaha &/or HOG

Mon, 04/04/2011 - 14:13 | 1133415 Dr. Porkchop
Dr. Porkchop's picture

A rising tsunami destroys all boats.

Mon, 04/04/2011 - 14:17 | 1133425 Global Hunter
Global Hunter's picture

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.  

Mon, 04/04/2011 - 14:15 | 1133426 camoes
camoes's picture

This is bullish on Carmax

Mon, 04/04/2011 - 14:20 | 1133471 TruthInSunshine
TruthInSunshine's picture

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.

Mon, 04/04/2011 - 15:03 | 1133704 MachoMan
MachoMan's picture

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.

Mon, 04/04/2011 - 14:16 | 1133437 Gimp
Gimp's picture

It won't effect the jobs numbers, +25,000 new employees at Mickey D's making minumum wage...yipee

Mon, 04/04/2011 - 14:46 | 1133595 VisualCSharp
VisualCSharp's picture

I think you mean affect.

Mon, 04/04/2011 - 15:16 | 1133758 Gimp
Gimp's picture

You are correct..thanks for noticing..

Mon, 04/04/2011 - 14:17 | 1133444 Homey Da Clown
Homey Da Clown's picture

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. 

Mon, 04/04/2011 - 14:20 | 1133469 Global Hunter
Global Hunter's picture

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.

Mon, 04/04/2011 - 14:28 | 1133516 Ahmeexnal
Ahmeexnal's picture

Specially if there's a couple of Barretts or a M61 Vulcan mounted on the back.

Mon, 04/04/2011 - 20:51 | 1135152 StychoKiller
StychoKiller's picture

New business/market opportunity:  Modifying pickups into "technicals"! :>D

Mon, 04/04/2011 - 14:59 | 1133666 Antarctico
Antarctico's picture

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. :)

Mon, 04/04/2011 - 14:26 | 1133497 sabra1
sabra1's picture

cash for clunkers destroyed many a peoples homes!

Mon, 04/04/2011 - 14:29 | 1133521 TruthInSunshine
TruthInSunshine's picture

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).

Mon, 04/04/2011 - 14:53 | 1133626 Homey Da Clown
Homey Da Clown's picture

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.

Mon, 04/04/2011 - 14:17 | 1133445 The Axe
The Axe's picture

another 25,000 stopping making payments on their homes....fucking sad.... CNBC  fools

 

Mon, 04/04/2011 - 14:20 | 1133454 Lord Welligton
Lord Welligton's picture

So much for JIT management.

25,000 * 3 (for every one direct job) ?

What cities have Toyota factories?

Mon, 04/04/2011 - 14:40 | 1133566 nonclaim
nonclaim's picture

likely over ×10 (JIT suppliers also have suppliers, outsourced cleaning/maintenance teams, etc)

Mon, 04/04/2011 - 14:44 | 1133582 Lord Welligton
Lord Welligton's picture

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.

Mon, 04/04/2011 - 19:34 | 1134882 Haywood Jablowme
Haywood Jablowme's picture

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.

 

Mon, 04/04/2011 - 14:18 | 1133458 Seasmoke
Seasmoke's picture

how do you say Yaba Daba Doo in Japaneese ???

Mon, 04/04/2011 - 14:24 | 1133491 sabra1
sabra1's picture

Ood Abad Abay!

Mon, 04/04/2011 - 14:51 | 1133623 SheepDog-One
SheepDog-One's picture

Sounds more like rebel Farsi.

Mon, 04/04/2011 - 14:21 | 1133477 firstdivision
firstdivision's picture

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"

Mon, 04/04/2011 - 14:23 | 1133481 mt paul
mt paul's picture

drive donkey cart 

thru mcdonalds 

drive thru ..

long donkey chow 

Mon, 04/04/2011 - 14:22 | 1133488 ImNotARobot
ImNotARobot's picture

McDonalds can afford to hire 50,000 people since they have a waiver from Obamacare.

Mon, 04/04/2011 - 14:27 | 1133511 BORT
BORT's picture

Per ZH, plenty of GM's on the lot

Mon, 04/04/2011 - 14:30 | 1133530 TruthInSunshine
TruthInSunshine's picture

A $41,000 Chevy Volt in every garage, charged by Fukushima Daiichi.

Mon, 04/04/2011 - 14:42 | 1133575 Jim in MN
Jim in MN's picture

'Fill 'er up!'

'Will that be coal or uranium, ma'am?'

Mon, 04/04/2011 - 14:30 | 1133518 silvertrain
silvertrain's picture

The Saudi's will make up for any decline in production...

Mon, 04/04/2011 - 18:48 | 1134748 Seer
Seer's picture

Long, camels!

Mon, 04/04/2011 - 14:30 | 1133528 williambanzai7
williambanzai7's picture

Mon, 04/04/2011 - 14:54 | 1133642 Homey Da Clown
Homey Da Clown's picture

+ 25000

Mon, 04/04/2011 - 14:32 | 1133531 Athemos
Athemos's picture

Yes but the plants have to be reopened in China?

Mon, 04/04/2011 - 18:49 | 1134759 Seer
Seer's picture

So, the Japanese will make amends to the Chinese and give them industrial equipment that was stolen back during the Sino-Japanese war?

Mon, 04/04/2011 - 14:32 | 1133539 Sudden Debt
Sudden Debt's picture

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!!

 

Mon, 04/04/2011 - 15:03 | 1133701 Antarctico
Antarctico's picture

14 TRILLION WILL BE WELL SPEND!!

Pfft -- adjusted for inflation, what's 14 trillion dollars anymore?

Mon, 04/04/2011 - 14:32 | 1133540 magpie
magpie's picture

Long OTM calls on Buggy-whip ETFs.

Mon, 04/04/2011 - 14:33 | 1133546 Ned Zeppelin
Ned Zeppelin's picture

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.

Mon, 04/04/2011 - 14:40 | 1133565 Jim in MN
Jim in MN's picture

If Chevy can deliver Volts....just sayin'.

Mon, 04/04/2011 - 14:40 | 1133569 HubbleBubbleBen...
HubbleBubbleBenLovesTrouble's picture

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

Mon, 04/04/2011 - 14:42 | 1133573 TINN
TINN's picture

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)

Mon, 04/04/2011 - 14:46 | 1133591 Jim in MN
Mon, 04/04/2011 - 14:49 | 1133607 djsmps
djsmps's picture

Nothing in the mainstream news or financial nes about this yet. I assume it will come after the market closes.

Mon, 04/04/2011 - 14:47 | 1133608 DNB-sore
DNB-sore's picture

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?

Mon, 04/04/2011 - 14:52 | 1133621 Misean
Misean's picture

It's all good, the Japanese were going to have to stop giving cars away to the debt slaves in the US anyways.

Mon, 04/04/2011 - 14:53 | 1133625 gigeze787
gigeze787's picture

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.

 

Mon, 04/04/2011 - 15:00 | 1133630 EvlTheCat
EvlTheCat's picture

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!

Mon, 04/04/2011 - 14:55 | 1133639 digalert
digalert's picture

Will the nobel prize winner threaten Toyota...hmmm

Mon, 04/04/2011 - 14:55 | 1133652 spzpeterusz
spzpeterusz's picture

The big mac-MCD  had to throw  Obama a bone for the health care coverage waivers   they scammed

Mon, 04/04/2011 - 14:57 | 1133655 dannyadornato
dannyadornato's picture

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"?

Mon, 04/04/2011 - 14:59 | 1133673 john milton
john milton's picture

just in time production..and when u have a disruption in a supply chain without buffer you will suffer

Mon, 04/04/2011 - 15:07 | 1133713 astartes09
astartes09's picture

So what you are saying is my new CT200h is now worth twice as much?

Mon, 04/04/2011 - 15:10 | 1133715 virgilcaine
virgilcaine's picture

Were seeing the margin compression effect at work. Plant closings, layoffs, declining earnings.

Still think you can print your way to prosperity?  

Mon, 04/04/2011 - 15:08 | 1133716 zebra
zebra's picture

it is indeed bullish for GM and Ford.

Mon, 04/04/2011 - 15:08 | 1133718 Homey Da Clown
Homey Da Clown's picture

Maybe the Mayans were right. Just sayin. The feces is striking the ocillating device rather hard in recent times.

Mon, 04/04/2011 - 15:20 | 1133782 Gimp
Gimp's picture

Or as we say in the south - "shit hits the fan"

Mon, 04/04/2011 - 15:28 | 1133825 InconvenientCou...
InconvenientCounterParty's picture

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?

Mon, 04/04/2011 - 15:10 | 1133731 VeryDumbMoney
VeryDumbMoney's picture

Is Kudlow still grateful?

Mon, 04/04/2011 - 15:20 | 1133779 SilverFiend
SilverFiend's picture

This should get the unemployment rate down to 8.5%!

Mon, 04/04/2011 - 15:23 | 1133809 InconvenientCou...
InconvenientCounterParty's picture

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?.....

Mon, 04/04/2011 - 21:03 | 1135192 StychoKiller
StychoKiller's picture

Plenty of cleanup jobs available in Japan right now...

Mon, 04/04/2011 - 15:33 | 1133877 jkruffin
jkruffin's picture

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.

Mon, 04/04/2011 - 15:48 | 1133956 johny2
johny2's picture

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...

Mon, 04/04/2011 - 15:58 | 1133985 ghostfaceinvestah
ghostfaceinvestah's picture

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.”

Mon, 04/04/2011 - 16:10 | 1134052 chistletoe
chistletoe's picture

you mean the "orange agent"?

Mon, 04/04/2011 - 16:09 | 1134055 frankthomaswhite59
frankthomaswhite59's picture

yes, WORLD MADE BY HAND a good book

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