"Plunge is far faster than in Arctic and may lead to more global heating, say scientists" 'Precipitous' fall i...
Saturday, July 27, 2013
JAPAN-- What if the water becomes contaminated?
JAPAN -- What if the water becomes contaminated? (read more - The New York Times)
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