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Thread is about the various issues surrounding Japan in the aftermath of the recent earthquake. Don't bring the shit side of the internet to the thread, and post with the realization that this thread is very important, and very real, to your fellow members.
Do not post speculative and unconfirmed news you saw on TV or anywhere else. Generally the more dramatic it sounds the less likely it's true. |
on a weird note, in the Economic short term, we saw Crude prices drop, yet Fuel prices Rise on the Commodities Exchange Markets. This is probably due to Japan being the #3 consumer in the world, reducing Crude demand that would have otherwise been higher.
On the other hand, the japanese refineries that were shut down limit the amount of fuel that is refined, thereby causing traders to speculate and raise prices.
Really, all market activity is speculation, but a disaster is always good for business. The more volatile the market, the more opportunities to make some serious cash.
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On March 12 2011 09:03 whiteguycash wrote: on a weird note, in the Economic short term, we saw Crude prices drop, yet Fuel prices Rise on the Commodities Exchange Markets. This is probably due to Japan being the #3 consumer in the world, reducing Crude demand that would have otherwise been higher.
On the other hand, the japanese refineries that were shut down limit the amount of fuel that is refined, thereby causing traders to speculate and raise prices.
Really, all market activity is speculation, but a disaster is always good for business. The more volatile the market, the more opportunities to make some serious cash.
i'm glad our misery is making you money.
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On March 12 2011 09:06 jerryjohnston wrote:Show nested quote +On March 12 2011 09:03 whiteguycash wrote: on a weird note, in the Economic short term, we saw Crude prices drop, yet Fuel prices Rise on the Commodities Exchange Markets. This is probably due to Japan being the #3 consumer in the world, reducing Crude demand that would have otherwise been higher.
On the other hand, the japanese refineries that were shut down limit the amount of fuel that is refined, thereby causing traders to speculate and raise prices.
Really, all market activity is speculation, but a disaster is always good for business. The more volatile the market, the more opportunities to make some serious cash. i'm glad our misery is making you money.
This is the truth, many people try to make money on the harshest of situations. Mainly on the stock market.
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http://www.newschannel10.com/Global/story.asp?S=14234458
A spending plan being pushed by Republicans would slash funding for the agency that warned Hawaii and the West Coast about the devastating tsunami in Japan.
The plan, approved by the GOP-controlled House last month, would trigger an estimated $126 million in cuts for the National Weather Service, the agency that houses the Pacific Tsunami Warning Center in Hawaii.
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On March 12 2011 08:49 kaisen wrote: The entire coast of Japan has permanently moved 8ft (2.4m) after this earthquake.
The ENTIRE coast of Japan did not move 8ft. I was watching the USGS conference this morning and the guy clearly said it was a specific spot along the coast the moved 8ft, not the ENTIRE coast of Japan.... thats ridiculous.
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On March 12 2011 09:06 jerryjohnston wrote:Show nested quote +On March 12 2011 09:03 whiteguycash wrote: on a weird note, in the Economic short term, we saw Crude prices drop, yet Fuel prices Rise on the Commodities Exchange Markets. This is probably due to Japan being the #3 consumer in the world, reducing Crude demand that would have otherwise been higher.
On the other hand, the japanese refineries that were shut down limit the amount of fuel that is refined, thereby causing traders to speculate and raise prices.
Really, all market activity is speculation, but a disaster is always good for business. The more volatile the market, the more opportunities to make some serious cash. i'm glad our misery is making you money. Same shit happened when North korea shelled Yeonpyeong island back in November...
People always make money out of other's misery...
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United States5582 Posts
I just saw the news (late to the party, I know)
Anyone know if phones are still down in most parts of Japan? I have pen pals in Iwate Prefecture, and apparently Iwate was one of the prefectures hit hardest, so I sent mails to their cellphones asking if they're okay... *Worried*
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On March 12 2011 09:17 Spica wrote: I just saw the news (late to the party, I know)
Anyone know if phones are still down in most parts of Japan? I have pen pals in Iwate Prefecture, and apparently Iwate was one of the prefectures hit hardest, so I sent mails to their cellphones asking if they're okay... *Worried* Phones aren't down everywhere in Japan, but there are phone line traffic jam and you will most likely won't be able to reach your friend...
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Hope everyone is okay. I have a cousin out in Japan right now and I can't contact her at all.
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The last Earthquake that caused the massive Tsunami which killed 200k or something didn't the Earth actually vibrate and move less than a cm or something? I wonder if something similar occured with this one.
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United States5582 Posts
On March 12 2011 09:20 kaisen wrote:Show nested quote +On March 12 2011 09:17 Spica wrote: I just saw the news (late to the party, I know)
Anyone know if phones are still down in most parts of Japan? I have pen pals in Iwate Prefecture, and apparently Iwate was one of the prefectures hit hardest, so I sent mails to their cellphones asking if they're okay... *Worried* Phones aren't down everywhere in Japan, but there are traffic jam in those phone line and you will most likely won't reach your friend... Ahh, thought so. That's too bad, I'm really worried about them... I don't suppose that anyone else knows what's going on over in Iwate, but hopefully everyone's fine over there.
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On March 12 2011 09:16 kaisen wrote:Show nested quote +On March 12 2011 09:06 jerryjohnston wrote:On March 12 2011 09:03 whiteguycash wrote: on a weird note, in the Economic short term, we saw Crude prices drop, yet Fuel prices Rise on the Commodities Exchange Markets. This is probably due to Japan being the #3 consumer in the world, reducing Crude demand that would have otherwise been higher.
On the other hand, the japanese refineries that were shut down limit the amount of fuel that is refined, thereby causing traders to speculate and raise prices.
Really, all market activity is speculation, but a disaster is always good for business. The more volatile the market, the more opportunities to make some serious cash. i'm glad our misery is making you money. Same shit happened when North korea shelled Yeonpyeong island back in November... People always make money out of other's misery...
Even if it might sound grim this could be a boon for Japan's economy. Massive need for rebuilding creates tons of new jobs thus lowering unempoyment for many years into future. This puts money into hands of consumers who make the money move in the system by spending it. Major investors from Japan and abroad will invest in this process. These will put Japan's production on overdrive and homefront has been mended you can put this effort into export which is very good idea due to low exchange rate of yen etc.
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Now a cooling station has failed at a 2nd Power Plant...
Original post: The cooling system has failed for three reactors at the Fukushima No. 2 nuclear plant, about seven miles from its quake-crippled companion, the Tokyo Electrical Power Co. now says.
The utility, which operates both Fukushima plants, notified the government Saturday morning that the failsafe system at the No. 2 plant stopped working as the coolant water topped the boiling point, the Kyodo news service reports.
Source
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Yes, that's true Belannaer but I hope government acts quickly unlike 1995 and tries to look up who it's giving construction deals to. This could be huge for the yakuza who have made an incredible amount of money from the Kobe quake.
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When natural disasters like this happens, i grateful that i live in a country where the only natural "disaster" are forest fires. Sure the climate may be cold as fuck in the winter but there are no tornados, no tsunamis, no earthquakes and no tropical/exotic diseases.
8.9 on the scale is pretty scary, i hope this wont rank up insane amount of victims. And i wish them the best of luck
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Now evacuating people from the other nuclear plant also.
#0023: People living within a 3km (two-mile) radius of the Fukushima-Daini nuclear plant are told to evacuate, the AFP news agency reports.
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Cell phone services are still down in my area, Fukushima-ken. So far I've only been able to call home through Skype - internet is fine. Landlines are still working here - have you tried those?
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Poor Japan.
It really is an awful time for them to be having a natural disaster.
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0014: Japan declares a state of emergency at the Fukushima-Daini power plant, where three of its reactors failed, the Associated Press reports. It says a state of emergency is already in place at the nearby Fukushima-Daiichi plant, where two reactors failed.
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