Sunday, March 20, 2011

This chart won't be legible here in the blog so I'd recommend you visit the original post here.


It's really interesting to see the level of radiation currently reported at the Fukushima disaster as compared with a Chest CT scan. However, it should be noted that a chest CT scan exposes the body to elevated radiation for a very short period of time as opposed to the long-term exposures that may result from the Fukushima event. The latest news that hit the wires tonight:
* WATER DOUSED ON REACTORS MAY HAVE LEAKED TO OCEAN, NHK SAYS
* NHK CITES JAPAN NUCLEAR AND INDUSTRIAL SAFETY AGENCY
Note to self: All sushi is to be homemade from now on. Use perch in place of tuna for the foreseeable future.
Ah, but Fukushima is so 48 hours ago. We've moved onto the latest North African war..... I mean, no fly zone enforcement action. Did it strike anyone else as funny that we imposed a no-fly zone and Qaddafi just switched to using tanks and ships (which obviously don't fly)? Who knows how this will play out but I can tell you that the global reaction to this action is not universally positive. The Russian comments on "non-selective use of force" have carried a fair amount of weight around the world because obviously Russia has a spectacular record defending human rights around the world.
The most interesting market comment of the weekend:
"recent data imply that the US reflation is in trouble. QEII has boosted reserves but banks continue to reduce credit, while broad money has contracted. There is material downside risk to equity valuations. Whether equities will fall further depends on how flexible and successful the Fed’s next monetary package will be. Given the risk, investors are better off watching from the sidelines."
So this strategist has moved beyond speculating IF the Fed will be back to give the market it's next fix, his only question seems to be the size of the package. Wow.
Cheers!

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