Analysis: Prepare for Fukushima’s economic consequences, worst may be yet to come — Pay close attention to latest scientific data from plant, it could become even more tragic — Examine impact on rest of world
Title: Will Investors Fear the X Factor in Fukushima?
Source: Wall Street Sector Selector
Author: John Burne
Date: Sept. 13, 2013
- The recent news reports concerning the out-of-control situation in Fukushima, with hundreds of tons of radioactive groundwater and waste water from leaky tanks flowing into the Pacific Ocean on a daily basis [...] is something investors should keep in mind.
- World Economic Forum held its annual meeting in Davos, Switzerland. [...] One of the World Economic Forum’s communities is the Risk Response Network. [...] 78-page report for the 2013 annual meeting entitled, Global Risks 2013 — Eighth Edition. The report’s topics included: [...] The Dangers of Hubris on Human Health and Building National Resilience to Global Risks.
- The ongoing radiation leakage from Fukushima and its impact on the rest of the world were surprisingly not included on the list.
- Nothing provides a better example of “The Dangers of Hubris on Human Health” than Fukushima. The plume of radioactive water from this disaster is expected to hit America’s Pacific Coast duirng the first months of 2014.
- Investors should be prepared for the economic consequences of this disaster because the worst may be yet to come.
- Bottom line: Cautious investors should be paying close attention to the latest scientific data concerning the ongoing risks posed by the continuing radiation leakage from Fukushima because the economic consequences could become even more tragic than they currently seem.
Full report here
- Homeland Security-funded Study: Playing down public’s concern over radioactive fallout has huge economic benefits — “We’re not trying to bamboozle the public” May 3, 2012
- First Ever: US nuclear plant permanently shutting down for economic reasons — More may be at risk of closing — Possible “Domino Effect” discussed (VIDEO) October 22, 2012
- Gov’t Paper: Air samples so hot from Fukushima, special handling required — U.S. had more stations at Level 5 than rest of world combined — Oklahoma lab reached overload (MAP) March 8, 2014
- Radio: I’m afraid impact of Fukushima contamination on west coast of N. America will be downplayed, it could impact so much — Professor: This is a concern (AUDIO) September 20, 2013
- Most likely a ‘worst-case scenario’ at WIPP — NPR: ‘Huge chunk’ of salt believed to have crushed drums of radioactive waste — ABC: “Investigators now admit problem is serious” — NYT: Plutonium, americium can bombard organs “for rest of person’s lifetime” (VIDEO) February 28, 2014