Perspective

March 21st, 2011

Here’s a charming news story:

Higher yen could help U.S. companies exposed to Japan

U.S. companies with big sales in Japan like Aflac and Tiffany may see sales pinched in the wake of the country’s massive earthquake, but the yen’s recent sudden strength could offset those losses.

Yes. Never mind the Japanese companies that got literally flattened by the disaster, and how an unnaturally strong yen could devastate an already trashed Japanese economy. No, we have to think about those U.S. companies that might lose a few percent of sales in Japan.

Nice to see that Wall Street still has the right spin on things.

Categories: 2011 Japan Quake, Tsunami, and Nuclear Crisis, Corporate World Tags: by
  1. Troy
    March 21st, 2011 at 04:28 | #1
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    You seem to have missed this:

    “The human toll here looks to be much worse than the economic toll and we can be grateful for that” — CNBC’s Kudlow.

    if you haven’t seen “They Live” yet, rent it at your earliest convenience.

    I like joking that “They Live was a documentary”.

    It’s my general impression that the nuclear industry and government powers that be are perfectly willing to dissemble to defend nuclear power as a public energy policy.

    Even through all this I am still pro-nuclear, but I am very anti-1970s nuclear.

    If the boffins can create fail-safe designs I’m all for ramping them up. I’d much rather have an emission-less electric society than a petroleum one, though if they can figure out how to create eg. natgas from solar and bio sources I’d be happy with that fuel source too (natgas burns pretty clean).

  2. Troy
    March 21st, 2011 at 04:35 | #2
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    btw, we sent a UAV for Japan to use last week.

    All the recent “Hyper Rescue” heroics should be on HD video now if the UAV was on-station.

    I hope they release that. The Chernobyl “Biorobot” footage is chilling but a great honor to those guys back then too.

    LOL, it’s raining now here in Sunnvyale. I feel like I can’t leave my apartment : (

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