Update 1: Iodine131 Highest level yet at 1,000,000 times above normal, confirms fission took/taking place. At this point in time, would it matter if it was 10 million, 100 million or 10 trillion times above normal?
Update 2: Reactor 4 is leaning- possible collapse imminent.
"There is no inflation," or so sayeth Dr. Deficit. However, as highlighted here and by many other sources numerous times, inflation is here and it's here to stay. The old inflation
Since you already know the only export the US has is inflation, you don't have to think deep as to why Egypt's annual inflation rate has exploded to 12.1% in April. In fact, the same factors which caused Mubarak to get the boot are still there and getting worse. For example, food prices have climbed 20.7% YoY. Thus, reality dictates it doesn't matter who is in charge - inflation is there. As the Indian Reuters article points out, it's the weakness of the dollar which is creating global instability. Guess what creates dollar weakness? Guess
In other news, Greek bonds rose slightly on news that they'll be getting more
Finally, as the media blackout of information about Fukushima continues (due to the severity of the situation and so as "not to create panic" or "lower public morale" if the truth was released), we get drips and drabs of radioactive info today from The Asahi Shimbun. Notice how very quietly, Japan releases information about the severity of the situation. The article highlights the fact (we already knew, but who cares) that radiation levels outside the evacuation zone are extremely high, higher even than around the evacuation around Chernobyl! Let me repeat that - radiation levels outside the evacuation zone are extremely high, higher even than around the evacuation around Chernobyl! But let's keep this a secret. We don't want mothers to worry about their children going to school in radioactive dirt. That might cause panic and that can't happen. It's all about the Benjamins.What would happen if a major earthquake struck Europe? It will be spun as bullish for the global economy and everyone will get another healthy dose of radiation.