Macro Considerations

The macro picture remains largely unchanged. Janet Yellen is expected to lead the Federal Reserve into a new phase by beginning to taper its long-term asset purchases early next year. The ECB is expect to move in the other direction, leaning against th… [...]

Visualizing Abenomics – Japan’s Dangerous Experiment

The early effects of the reform program have triggered a surge in the Japanese stock market, accelerated by the anticipation of growth revival. So far, so good for the markets and traders. But how will Abenomics accommodate public debt of over 200% GDP… [...]

Tepco To Build Two Coal-Fired Plants In Fukushima

After being essentially nationalized as a result of the Fukushima explosion, and following years of denial finally admitting that TEPCO has lost control of the clean up effort of the Fukushima nuclear power plant corpse, one would think Tokyo Electric … [...]

Japan Reacts to Fukushima Crisis By Banning Journalism

2 weeks after the Fukushima accident, we reported that the government responded to the nuclear accident by trying to raise acceptable radiation levels and pretending that radiation is good for us. We noted earlier this month: Japan will likely pass a n… [...]

Stupid Government Policy Is More Dangerous than Terrorism

Preface: I am not so much anti-government as anti-stupid policy.  (Moreover, the problem is not bad government or even corrupt corporations. The real problem is the malignant,  symbiotic relation between the two.) Multiple polls show that Ame… [...]

"Frustrated" Liquidity Addicts Demand Moar From BOJ As Nikkei Rally Stalls, Abenomics Founders And "Hope Fades"

While the only topic of discussion for “sophisticated” investors everywhere is when (and if) the Fed will ever dare to reduce its monthly flow injection into US markets from $85 billion to a paltry $75 billion, everyone has forgotten that across the Pa… [...]

TEPCO Doubles Hazard Pay For Fukushima Workers

The operator of Japan's wrecked Fukushima nuclear plant will double the pay of contract workers as part of a revamp of operations at the station, after coming under criticism for its handling of clean-up efforts. Reuters reports, hazard pay for the… [...]

We’re In The Most Dangerous Moment Since the Cuban Missile Crisis

Scientists Warn of Extreme Risk We’ve long said that the greatest short-term threat to humanity is from the fuel pools at Fukushima. The Japanese nuclear agency recently green-lighted the removal of the spent fuel rods from Fukushima reactor 4&pr… [...]

Fukushima Debris "Island" The Size Of Texas Near US West Coast

While it took Japan over two years to admit the Fukushima situation on the ground is “out of control”, a development many had predicted for years, a just as important topic is what are the implications of this uncontrolled radioactive disaster on not o… [...]

Japan’s Most Hated Outfit, TEPCO, Reports Fat Profit (From Taxpayer Bailout Money)

Wolf Richter   www.testosteronepit.com   www.amazon.com/author/wolfrichter TEPCO, the utility that serves 29 million households and businesses in the Tokyo metropolitan area, and that owns the Fukushima nuclear power plant where thr… [...]