By John Galt October 4, 2011 – 21:30 ET On my radio program my guests and I covered the forgotten story of Fukushima and here are the news links so you can read and decide for yourself as to how severe this problem continues to be. In my opinion, Japan is on a path to revert to a second world economic power and ultimately the Asian economic equal of Mexico as the population will have to be moved further and further away from the disaster…
By John Galt October 4, 2011 – 17:15 ET Gang do not miss the program tonight as in hour number one to start the show, Helium Avid, my old friend who is this program’s resident nuclear energy expert will dissect the latest developments in Japan plus the other developments in the nuclear industry which should send a doomer chill down your spine. Add in the financial news which was conveniently dumped after the market closed and everything is blooming plutonium contaminated daisies and tulips for…
By John Galt October 4, 2011 – 16:40 ET No comment necessary other than “Thank You Captain Obvious”… From Moody’s (Click on title/link to read entire downgrade update): Rating Action: Moody’s downgrades Italy’s government bond ratings to A2 with a negative outlook Global Credit Research – 04 Oct 2011 Prime-1 ratings affirmed Frankfurt am Main, October 04, 2011 — Moody’s Investors Service has today downgraded Italy’s government bond ratings to A2 with a negative outlook from Aa2, while affirming its short-term ratings at Prime-1. The…
By John Galt October 4, 2011 – 05:25 ET (Chart via INO.com) Technically speaking the U.S. equity markets are due for a bounce even as the European and Asian markets continue to implode. The news that the Franco-Belgian bank Dexia is in trouble and possibly facing a break up due to their faltering portfolio and the fact that the Euro continues to collapse versus the dollar could possibly provide further downside action today but I think the Plunger Protection Team intervenes and causes a brief,…
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