This is tragic, and my heart goes out to all those impacted by these disasters. I was watching the tsunami in Japan on television and the footage was remarkable. The tsunami was a result of an earthquake and it has pummeled Japan. There is a tsunami warning for Hawaii, other Pacific islands, and the entire West Coast in the US. To follow this stuff, definitely track the Pacific Tsunami Warning Center and your local news to get updates.
A couple of things that come to mind on this. This event, along with what is going on in Libya and potentially in Saudi Arabia, are all combining to make a Blackswan Event. Events that were not predicted, and change the dynamic dramatically. What I mean by that, is that the shock waves from both disasters, could have drastic consequence. The price of oil will rise, and all the business and economies that depend upon the stability of Japan will be negatively impacted. If Hawaii and the West Coast of the US are hit, that could have consequence as well. I will further update this post as events unfold and we will see how it goes…. –Matt
Update: 03/12/2011- Now the latest deal is the Nuclear Facilities in Japan are in dire straights. If they melt down, the fallout is of concern. In the comments section, I have put up an article that discusses the fallout potential, and especially how it would impact North America via the Pacific Jet Stream.
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March 11, 2011
A massive 8.9 magnitude earthquake has struck off Japan’s northeastern coast, triggering a four meter tsunami that washed away cars along parts of the coastline.Video from national broadcaster NHK showed dozens of cars, large ferries and some buildings being swept out to sea in the port city of Kamaishi in the province of Iwate.The Japanese Meteorological Agency issued a tsunami warming for the entire Pacific coast of Japan following the quake that struck about 125 kilometers off the eastern coast, at a depth of 10 kilometers. Residents in the coastal areas have been urged to immediately evacuate to higher ground.The Pacific Tsunami Warning Center in the U.S. state of Hawaii said a tsunami warning was also in effect for Russia, Marcus Island and the Northern Marianas. It said a tsunami watch was issued for Guam, Taiwan, the Philippines, Indonesia and Hawaii.