Saturday, July 27, 2013

JAPAN-- What if the water becomes contaminated?

JAPAN -- What if the water becomes contaminated? (read more - The New York Times)



Cylindrical tanks built for storage of polluted water are seen near the four reactor buildings, at the tsunami-devastated Fukushima Daiichi nuclear power plant, 10 February 2013. On 27 July 2013, TEPCO said it had detected 2.35 billion becquerels of cesium per liter from water in an underground passage at the crippled plant that is seeping into the sea, roughly the same level as seen in a contaminated water leak into the sea in April 2011 shortly after the nuclear disaster the preceding month. Photo: AP / Kyodo

What? Their water is radioactive?

Not just a passing concern nor high speculation, but a possibility that can be assigned some level of probability. Perhaps something you would not normally be concerned with when thinking about markets, however a wide-scale disaster of this sort could cause an unprecedented collapse in Japanese securities' markets. The nature of this disaster could make significant portions of the island nation just unlivable.

Anyway we remain skeptical about what authorities are disclosing and this lack of transparency,promptness and accuracy does not create a lot of confidence in competencies. We are assigning much higher levels of risk because we fear the unknown, unknowns that could emerge out of nowhere. Try to explain to clients why you didn't see this one coming,

Anyway, for sure, we are staying away from coastal properties as long-term investments. To be forewarned, is to be forearmed - invest wisely.

Dr Peter G Kinesa
July 27, 2013

ITS OK TO BE SMART



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