This evening, I have read through various news accounts of the nuclear plant situation in Fukushima, Japan. All are confusing and contradictory, as are many of the statements made by Japanese government and industry officials.
What seems evident, various forms of control have been lost.
In turn, this has caused a complete loss of faith that the nuclear plant situation has any chance of being resolved in a way to prevent radioactive contamination.
The Nikkei was down 14% or more today on the news. The online stock ticker could not keep up with the dramatic drop.
There are many short-term and strategic implications from a nuclear meltdown in Japan. It is an extremely serious issue that everyone must pay close attention.
I will be publishing more analysis in subsequent posts.
Of note, a small panic is breaking out on the West coast as fears mount that radiation could travel across the Pacific Ocean and contaminate CA and WA.
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