It appears that many investors are commemorating the fourth anniversary of the bankruptcy of Lehman Brothers by telling themselves that any Lehman-like danger has passed, and staging a huge rally in its honor, says Mark Hulbert. Actually, he quips, the real impetus was that the Fed basically concluded that the economy is in such horrible shape that it needs even more life support. This all goes to show how inscrutable — and, therefore, ultimately unpredictable — the markets can be. 1 comment!
View original post here: It appears that many investors are commemorating the fourth anniversary of the bankruptcy of Lehman Brothers by telling themselves that any Lehman-like danger has passed, and staging a huge rally in its honor, says Mark Hulbert. Actually, he quips,…
Investors basically shrugged off the Fed Chairman’s speech, which makes sense.
See original here: Why Bernanke has become irrelevant
As the government sounds out the public about Japan’s nuclear options, the intermediate option of reducing the nation’s dependence on atomic energy to 15 percent by 2030 is winning favor.
If the government’s policy to “basically” limit the service life of reactors to 40 years is strictly adhered to, as stated recently by Shunichi Tanaka, the candidate to head the new nuclear regulatory authority, their number will fall to 20 from 50 by 2030.
Read more: 15% nuclear option backed
AIJ Investment Advisors Co. President Kazuhiko Asakawa repeated Friday in the Diet that he had no intention of deceiving his clients but admitted he showed them falsified fund performance reports.
Asakawa spoke in front of the Lower House Financial Affairs Committee, which summoned him to testify as a sworn witness. He basically repeated his unsworn testimony to the same committee earlier this month.
More here: AIJ chief repeats Diet testimony, this time sworn
The Nuclear and Industrial Safety Agency, in its first approval of stress tests for nuclear facilities, said Monday the level of quake and tsunami resistance of two reactors at the Oi power plant in Fukui Prefecture is adequate.
NISA submitted its report, which basically recommends restarting units 3 and 4 at the plant operated by Kansai Electric Power Co., to the Nuclear Safety Commission of Japan. After the commission approves the report, NISA will ask local governments for permission to fire the reactors back up.
More: Oi reactor stress tests approved by NISA