Accurate Assessment of Economic Impact of Japan's Earthquake

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Accurate Assessment of Economic Impact of Japan's Earthquake

Investors watching only the mainstream media's coverage of Japan's post-earthquake and post-tsunami activity are not getting an accurate picture of the country's remaining industrial capacity. James Brumley, chief analyst of the Rhino Report, has offered perspective and additional data to subscribers that suggest hysterical reactions and worry are largely unmerited.

Wipe your pants, it may not be as scary as investors think. Don't speak of 'irrational exuberance' when hysterical selling is happening.

The 'sky' isn't falling. :blink: :blink: :blink:

Brumley writes "Toyota and Honda will be reopening several plants over the next few days, but Texas Instruments' technology manufacturing facility there won't be fully restored until July. 'Weeks to months' seems to be the typical description of the likely delay in resuming operations for those adversely impacted, but most facilities have already restarted operations."

 

[SparrowHawk]

Accurate Assessment of Economic Impact of Japan's Earthquake



Wipe your pants, it may not be as scary as investors think. Don't speak of 'irrational exuberance' when hysterical selling is happening.

The 'sky' isn't falling. :blink: :blink: :blink:

With an instant news cycle taking a wait and see approach is difficult. Fact is no one can really say for sure what the net impact will be until the reactors are stabilized and some semblance of a normal life can be established.

The sky might or might not be falling and that's what's fueling all the rampant speculation in the media. The effects are starting to ripple through our economy already with overtime eliminated at most Japanese auto plants

 

[delldude]

Day traders will effect this more than anything I bet....Just like oil futures.

 

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How a Reactor Shuts Down

Granted I am a dummy in this but it just doesn't seem logical.
Check out panel 4.
Cooling is essential, and electricity is needed to 'pump' coolant into the reactor, would not someone think that there would be a dire need for a power backup to provide coolant in case of a shut down?

 

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Japanese engineers aim to restore power

TOKYO (Reuters) – Japanese engineers worked through the night to lay a 1.5 km (one mile) electricity cable to a crippled nuclear power plant in the hope of restarting pumps desperately needed to pour cold water on overheating fuel rods and avert a catastrophe.

Apparently, the answer is 'NO'. Now they are rigging an extension cord to run the pumps.
WOW! Even an idiot that I am has a portable generator in the garage.

:blink: :blink: :blink:

 

[tech2101]

Japanese engineers aim to restore power



Apparently, the answer is 'NO'. Now they are rigging an extension cord to run the pumps.
WOW! Even an idiot that I am has a portable generator in the garage.

:blink: :blink: :blink:

They have diesel generators for backup power, but they were wiped out by the tsunami. They should have been protected better...obviously.

They are now running new feeder cables from the closest substation that did survive to provide power to the cooling water pumps.

 

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They have diesel generators for backup power, but they were wiped out by the tsunami. They should have been protected better...obviously.

They are now running new feeder cables from the closest substation that did survive to provide power to the cooling water pumps.

Yes, I saw that later. I am just amazed on how the obvious fail safe measures were not thought of and/or not as robust to account for such a scenario, especially given the history of seismic activity and tsunamis in the region.

One could surmise that nuclear power plants have the same scrutiny and fail safes as aviation (as little as it is :-( )