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The comments stemming from the EU Energy Commissioner sent the market into a frenzy this morning. Now, the U.S.’s turn, the US Nuclear Chief that is recommending a much larger evacuation radius than Japan has called for. The US Chief has said the three troubled reactors “suffered some degree of core damage.”  Having said that, Japan is keeping a significant amount of intel from the public with regards to the vulnerability of the reactors as well as the current and future radiation concerns.  –For an unbaised live feed from Japan Broadcasting Corp:  NHK Live Video Feed

It almost seems a certainty that a run on the bank is taking place.  This particular run is the wholesale repudiation of the sovereign debts of the PIGS, Portugal, Ireland, Greece, and Spain.  Where this ultimately ends seems to have a great significance.  Does it come back home to roost and result in interest rates rising dramatically in the U.S.?  That’s the big question, isn’t it?  There are only a few ways that this author can imagine.  Which scenario is most likely? Eurodollar continues to weaken as one after another country’s debt comes under attack.  If the EUCB continues to … Read more