1. Since 1952, there have been five earthquakes of 9.0 magnitude and worse:
a. May 22, 1960 Valdivia, Chile 9.5
b. March 27, 1964 Prince William
Sound, Alaska 9.2
c. December 26, 2004 Sumatra, Indonesia 9.2
d. November 4, 1952 Kamchatka, Russia 9.0
e. March 11, 2011 Tokoku, Japan 9.0
2. Tsunami waves from the Tohoku Earthquake and Tsunami reached a height of 124 feet.
3. Damages are estimated to exceed $300 billion, which would make it the most expensive natural disaster ever.
4. The confirmed deaths now have exceeded 14,000, while more than 12,000 are still missing.
5. The Japan roadmap to recovery looks like a journey into the unknown.
6. The World Business Academy reports:
a. The crippled Chernobyl nuclear reactor is still leaking radiation. (In addition, there remain 275 years left before this site can be considered for human habitation.) They need to re-encase the facility, and is a billion dollars short of doing it.
a. There are 35 nuclear operational or planned reactors in risk of a tsunami, only in Asia.
7. In light of Fukushima, Tom Burnett sent me the most comprehensive analysis of the future of Japan. I agree.
I have not only nailed and screwed the lid to the nuclear fission coffin, but already buried it with "Why Worry About Fukushima when Hiroshima and Nagagasaki Are Safe?" Any comments?
The Dow Jones Industrials dropped 26 to 12,480, with world markets mixed. Gold remains high, up $2 to $1507, while NYMEX petroleum is at $112/barrel and the Brent Spot at $124/barrel.