How Japan's Quake Will Rattle the World Economy

of course they must bild japan again, like the never did.

Arjen Simon Scheer of NY 10:24AM April 11, 2011

This is a typical Keynesian approach to the disaster. The old story goes that someone breaks a store window and that act drives economic activity because the store owner has to spend money in order to fix the window. What you keynesians don't take into account is that the money used to repair the window could have gone into something else that may have been more useful and helpful to the business if it didn't have to fix the window. I think europe is pooping in it's pants right now because it was the Japanese Insurance business that promised to refinance the european bond market. I don't think they will be able to do that now. Japanese debt is already at 200% GDP, so who will lend them money and who will lend the lender money. I think the printing presses will continue to devalue the Dollar and we will see a domino effect. Who will be the first domino, Europe or Japan? then who will follow? Japan will use it's dollars to buy energy to rebuild and offset nuclear power they do not have. Shifting the devalued dollar to the mideast were it will cause more inflation and unrest. A death spiral indeed. The Globe is on the highway to hell and no exit ramps in sight.

newamericanow of NY 4:54PM March 14, 2011