DislikedLooks like something very bad happening on markets.
watch out guysIgnored
its crazy and there is no data release as well.
I wonder whats going on behind the curtains.
Cable Update (GBPUSD)
- #274,202
- Mar 16, 2011 10:12am Mar 16, 2011 10:12am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
90% of traders use TA, indicators and prediction
- #274,205
- Mar 16, 2011 10:25am Mar 16, 2011 10:25am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
interesting things 
japan will no longer be an exporter at all and there will no longer be stamped on products ''made in japan''
no more robots,no more reliable cars but less whale-ing (this is good)
''Although oil fell Tuesday, high prices remain. The ongoing nuclear saga in Japan took center stage, while the escalating tensions between Saudi forces and Bahraini protestors was pushed off stage. If the latter continues, higher prices will affect everyone to be sure but none more than the Japanese people when the no-nuke crowd demands the shuttering of more plants.
An interesting read about this subject comes via STRATFOR and the full article can be read here http://www.stratfor.com/weekly/20110314-japan-persian-gulf-energy?utm_source=GWeekly&utm_medium=email&utm_campaign=110315&utm_content=readmore&elq=fb2be9a2e92145dd867124c84294d1d0
Over the past week, everything seemed to converge on energy. The unrest in the Persian Gulf raised the specter of the disruption of oil supplies to the rest of the world, and an earthquake in Japan knocked out a string of nuclear reactors with potentially devastating effect. Japan depends on nuclear energy and it depends on the Persian Gulf, which is where it gets most of its oil. It was, therefore, a profoundly bad week for Japan, not only because of the extensive damage and human suffering but also because Japan was being shown that it can’t readily escape the realities of geography.
Japan is the world’s third-largest economy, a bit behind China now. It is also the third-largest industrial economy, behind only the United States and China. Japan’s problem is that its enormous industrial plant is built in a country almost totally devoid of mineral resources. It must import virtually all of the metals and energy that it uses to manufacture industrial products. It maintains stockpiles, but should those stockpiles be depleted and no new imports arrive, Japan stops being an industrial power.
Japan’s Nuclear Safety Net
Japan is still struggling with the consequences of its economic meltdown in the early 1990s. Rapid growth with low rates of return on capital created a massive financial crisis. Rather than allow a recession to force a wave of bankruptcies and unemployment, the Japanese sought to maintain their tradition of lifetime employment. To do that Japan had to keep interest rates extremely low and accept little or no economic growth. It achieved its goal, relatively low unemployment, but at the cost of a large debt burden and a long-term sluggish economy.
The Japanese were beginning to struggle with the question of what would come after a generation of economic stagnation and full employment. They had clearly not yet defined a path, although there was some recognition that a generation’s economic reality could not sustain itself. The changes that Japan would face were going to be wrenching, and even under the best of circumstances, they would be politically difficult to manage. Suddenly, Japan is not facing the best of circumstances.
It is not yet clear how devastating the nuclear-reactor damage will prove to be, but the situation appears to be worsening. What is clear is that the potential crisis in the Persian Gulf, the loss of nuclear reactors and the rising radiation levels will undermine the confidence of the Japanese. Beyond the human toll, these reactors were Japan’s hedge against an unpredictable world. They gave it control of a substantial amount of its energy production. Even if the Japanese still had to import coal and oil, at least a part of their energy structure was largely under their own control and secure. Japan’s nuclear power sector seemed invulnerable, which no other part of its energy infrastructure was. For Japan, a country that went to war with the United States over energy in 1941 and was devastated as a result, this was no small thing. Japan had a safety net.
The safety net was psychological as much as anything. The destruction of a series of nuclear reactors not only creates energy shortages and fear of radiation; it also drives home the profound and very real vulnerability underlying all of Japan’s success. Japan does not control the source of its oil, it does not control the sea lanes over which coal and other minerals travel, and it cannot be certain that its nuclear reactors will not suddenly be destroyed. To the extent that economics and politics are psychological, this is a huge blow. Japan lives in constant danger, both from nature and from geopolitics. What the earthquake drove home was just how profound and how dangerous Japan’s world is. It is difficult to imagine another industrial economy as inherently insecure as Japan’s. The earthquake will impose many economic constraints on Japan that will significantly complicate its emergence from its post-boom economy, but one important question is the impact on the political system. Since World War II, Japan has coped with its vulnerability by avoiding international entanglements and relying on its relationship with the United States. It sometimes wondered whether the United States, with its sometimes-unpredictable military operations, was more of a danger than a guarantor, but its policy remained intact.
It is not the loss of the reactors that will shake Japan the most but the loss of the certainty that the reactors were their path to some degree of safety, along with the added burden on the economy. The question is how the political system will respond. In dealing with the Persian Gulf, will Japan continue to follow the American lead or will it decide to take a greater degree of control and follow its own path? The likelihood is that a shaken self-confidence will make Japan more cautious and even more vulnerable. But it is interesting to look at Japanese history and realize that sometimes, and not always predictably, Japan takes insecurity as a goad to self-assertion.
This was no ordinary earthquake in magnitude or in the potential impact on Japan’s view of the world. The earthquake shook a lot of pieces loose, not the least of which were in the Japanese psyche. Japan has tried to convince itself that it had provided a measure of security with nuclear plants and an alliance with the United States. Given the earthquake and situation in the Persian Gulf, recalculation is in order. But Japan is a country that has avoided recalculation for a long time. The question now is whether the extraordinary vulnerability exposed by the quake will be powerful enough to shake Japan into recalculating its long-standing political system.''
japan will no longer be an exporter at all and there will no longer be stamped on products ''made in japan''
no more robots,no more reliable cars but less whale-ing (this is good)
''Although oil fell Tuesday, high prices remain. The ongoing nuclear saga in Japan took center stage, while the escalating tensions between Saudi forces and Bahraini protestors was pushed off stage. If the latter continues, higher prices will affect everyone to be sure but none more than the Japanese people when the no-nuke crowd demands the shuttering of more plants.
An interesting read about this subject comes via STRATFOR and the full article can be read here http://www.stratfor.com/weekly/20110314-japan-persian-gulf-energy?utm_source=GWeekly&utm_medium=email&utm_campaign=110315&utm_content=readmore&elq=fb2be9a2e92145dd867124c84294d1d0
Over the past week, everything seemed to converge on energy. The unrest in the Persian Gulf raised the specter of the disruption of oil supplies to the rest of the world, and an earthquake in Japan knocked out a string of nuclear reactors with potentially devastating effect. Japan depends on nuclear energy and it depends on the Persian Gulf, which is where it gets most of its oil. It was, therefore, a profoundly bad week for Japan, not only because of the extensive damage and human suffering but also because Japan was being shown that it can’t readily escape the realities of geography.
Japan is the world’s third-largest economy, a bit behind China now. It is also the third-largest industrial economy, behind only the United States and China. Japan’s problem is that its enormous industrial plant is built in a country almost totally devoid of mineral resources. It must import virtually all of the metals and energy that it uses to manufacture industrial products. It maintains stockpiles, but should those stockpiles be depleted and no new imports arrive, Japan stops being an industrial power.
Japan’s Nuclear Safety Net
Japan is still struggling with the consequences of its economic meltdown in the early 1990s. Rapid growth with low rates of return on capital created a massive financial crisis. Rather than allow a recession to force a wave of bankruptcies and unemployment, the Japanese sought to maintain their tradition of lifetime employment. To do that Japan had to keep interest rates extremely low and accept little or no economic growth. It achieved its goal, relatively low unemployment, but at the cost of a large debt burden and a long-term sluggish economy.
The Japanese were beginning to struggle with the question of what would come after a generation of economic stagnation and full employment. They had clearly not yet defined a path, although there was some recognition that a generation’s economic reality could not sustain itself. The changes that Japan would face were going to be wrenching, and even under the best of circumstances, they would be politically difficult to manage. Suddenly, Japan is not facing the best of circumstances.
It is not yet clear how devastating the nuclear-reactor damage will prove to be, but the situation appears to be worsening. What is clear is that the potential crisis in the Persian Gulf, the loss of nuclear reactors and the rising radiation levels will undermine the confidence of the Japanese. Beyond the human toll, these reactors were Japan’s hedge against an unpredictable world. They gave it control of a substantial amount of its energy production. Even if the Japanese still had to import coal and oil, at least a part of their energy structure was largely under their own control and secure. Japan’s nuclear power sector seemed invulnerable, which no other part of its energy infrastructure was. For Japan, a country that went to war with the United States over energy in 1941 and was devastated as a result, this was no small thing. Japan had a safety net.
The safety net was psychological as much as anything. The destruction of a series of nuclear reactors not only creates energy shortages and fear of radiation; it also drives home the profound and very real vulnerability underlying all of Japan’s success. Japan does not control the source of its oil, it does not control the sea lanes over which coal and other minerals travel, and it cannot be certain that its nuclear reactors will not suddenly be destroyed. To the extent that economics and politics are psychological, this is a huge blow. Japan lives in constant danger, both from nature and from geopolitics. What the earthquake drove home was just how profound and how dangerous Japan’s world is. It is difficult to imagine another industrial economy as inherently insecure as Japan’s. The earthquake will impose many economic constraints on Japan that will significantly complicate its emergence from its post-boom economy, but one important question is the impact on the political system. Since World War II, Japan has coped with its vulnerability by avoiding international entanglements and relying on its relationship with the United States. It sometimes wondered whether the United States, with its sometimes-unpredictable military operations, was more of a danger than a guarantor, but its policy remained intact.
It is not the loss of the reactors that will shake Japan the most but the loss of the certainty that the reactors were their path to some degree of safety, along with the added burden on the economy. The question is how the political system will respond. In dealing with the Persian Gulf, will Japan continue to follow the American lead or will it decide to take a greater degree of control and follow its own path? The likelihood is that a shaken self-confidence will make Japan more cautious and even more vulnerable. But it is interesting to look at Japanese history and realize that sometimes, and not always predictably, Japan takes insecurity as a goad to self-assertion.
This was no ordinary earthquake in magnitude or in the potential impact on Japan’s view of the world. The earthquake shook a lot of pieces loose, not the least of which were in the Japanese psyche. Japan has tried to convince itself that it had provided a measure of security with nuclear plants and an alliance with the United States. Given the earthquake and situation in the Persian Gulf, recalculation is in order. But Japan is a country that has avoided recalculation for a long time. The question now is whether the extraordinary vulnerability exposed by the quake will be powerful enough to shake Japan into recalculating its long-standing political system.''
- #274,207
- Edited 10:57am Mar 16, 2011 10:27am | Edited 10:57am
- Joined Mar 2007 | Status: 'sleeping in a dumpster' | 2,151 Posts
- #274,208
- Mar 16, 2011 10:29am Mar 16, 2011 10:29am
- | Joined Aug 2009 | Status: Save our Children's Save our Future | 1,124 Posts
I will be the number one Manager.
- #274,209
- Edited 10:42am Mar 16, 2011 10:39am | Edited 10:42am
- | Joined Jun 2008 | Status: Mixed Martial Chartist | 1,007 Posts
- #274,210
- Mar 16, 2011 10:42am Mar 16, 2011 10:42am
- Joined Mar 2007 | Status: 'sleeping in a dumpster' | 2,151 Posts
LOL,,what do you mean by 'casual' Dr?
hope you and family good there,,
java.
Thanks JP,
My 'ever-expanding' family is well. I lived 5 yrs in Japan (Kyushu,
the southern most island) in my youth. Anyone know how the
rest of the Japanese chain is faring in this tragedy?
Casual means, I don't rely on the coffee bean to keep me alert
or focused.... just the neuropeptides in blue-green algae. 
Dr. D.
- #274,211
- Mar 16, 2011 10:43am Mar 16, 2011 10:43am
- Joined Feb 2010 | Status: Inactive | 6,482 Posts
interesting things
japan will no longer be an exporter at all and there will no longer be stamped on products ''made in japan''
no more robots,no more reliable cars but less whale-ing (this is good)
- #274,213
- Mar 16, 2011 10:53am Mar 16, 2011 10:53am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
Interesting read but I don't agree with your conclusions as you make it sound like it is the end of Japan as a country. The Nikkei bounced back +5.68% and closed above 9,000. What does that tell you?
no energy means no industry especially that this is the thing I was talking about
but on the other side you might be right if we look back to WW2 and Japan's ressurection
- #274,214
- Edited 11:53am Mar 16, 2011 11:00am | Edited 11:53am
- Joined Feb 2010 | Status: Inactive | 6,482 Posts
it's all up to this bloody plant.they only have one shot.if this one goes wrong the era of nuclear plants and nuclear energy will have to suffer.no energy means they will have to import it somehow or covert the nuclear plants to solar plants.
no energy means no industry especially that this is the thing I was talking about
but on the other side you might be right if we look back to WW2 and Japan's ressurection
The Three Mile Island and Chernobyl incidents did not stop the world from building more nuclear power plants and nor will this incident. The world cannot afford to have no nuclear power as there are not enough natural resources. It may speed up the research for alternative power sources such as solar energy, wave energy and maybe even fusion power but for now, nuclear power is here to stay, whichever way you look at it.
- #274,215
- Mar 16, 2011 11:13am Mar 16, 2011 11:13am
- Joined Mar 2007 | Status: 'sleeping in a dumpster' | 2,151 Posts
- #274,217
- Mar 16, 2011 12:09pm Mar 16, 2011 12:09pm
- | Joined Jun 2008 | Status: Mixed Martial Chartist | 1,007 Posts
I am afraid that 'hope' is not conducive to consistent profitable trading. If the market tells you that you were wrong... get out, re-evaluate and re-asses the market before you enter in again. But who am I to tell you what to do!
- #274,218
- Mar 16, 2011 12:18pm Mar 16, 2011 12:18pm
- | Joined Apr 2009 | Status: temporarily correct | 1,757 Posts
- #274,219
- Mar 16, 2011 12:20pm Mar 16, 2011 12:20pm
- | Joined Jun 2008 | Status: Mixed Martial Chartist | 1,007 Posts
You're completely right of course, but I have full faith in the power of alcohol to turn price around.
- #274,220
- Mar 16, 2011 12:21pm Mar 16, 2011 12:21pm
- Joined Feb 2010 | Status: Inactive | 6,482 Posts
You're completely right of course, but I have full faith in the power of alcohol to turn price around.
Well, we are in a ranging market, so it has a chance, although if 1.5960 breaks, it could take a while before we get back there!