posted on Mar, 13 2011 @ 12:31 PM
First and foremost, I need to extend my heart and prayers to the people of Japan. A situation like this is unimaginable and I cannot fathom what they
are going through. Good Luck.
There are many threads that discuss all the elements of this disaster, but I have never read a discussion pertaining to the economic ramifications of
the weeks and months ahead. This is what concerns me to no end.
Japans economy had just stabilized from the economic woes of the past few years, and the future was fairly bright but it was still fragile at best.
Now with this recent disaster, plants have either closed (even if it is just for the weekend) or have washed away, entire industrial areas have been
washed away and even entire towns. Insurance companies will be stretched to financial limits to cover their legal obligations to their policy holders,
and premiums will skyrocket to cover this multi-billion dollar catastrophe. Governments will be stretched to the end of its financial abilities and
the charity of others will become a precious commodity. The tourist industry will surely take a huge hit for some time to come, depending on the
nuclear situation. Energy prices will rise, and lets not forget that at least three reactors are down.
This, of course, is my personal opinion. I am not a financial guru, but I hope you are. What are we going to see when the stock markets digest this
disaster? Please add to the conversation as I am looking for solid insight into what we may see in the near future.
y]edit on 13-3-2011 by sheepslayer247 because: grammer
edit on 13-3-2011 by sheepslayer247 because: (no reason given)