Comments on: Nikkei Falls Nearly 10%, Asian Markets Tank on Opening http://www.nakedcapitalism.com/2008/10/nikkei-falls-nearly-10-asian-markets.html Sun, 22 Nov 2009 06:06:33 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Glen http://www.nakedcapitalism.com/2008/10/nikkei-falls-nearly-10-asian-markets.html#comment-21870 Glen Thu, 16 Oct 2008 07:42:00 +0000 http://www.nakedcapitalism.com/2008/10/nikkei-falls-nearly-10-asian-markets-tank-on-opening/#comment-21870 As an Australian reader of your excellent site, our Prime Minister announced a special "one off" payment (read cash handout) to get the economy moving. As we all know, the US tried the same thing an it tanked. As Australians have the propensity to spend $1.60 for every dollar of income all I can only surmise is that our illustrious leaders only intent is to increase the number of plasma tv's per household consequently national debt. <br/><br/>On top of this, our PM doubled the first home buyers grant to $14k and the result? House prices have crept up accordingly. Master stroke Kevin - you're awesome!. This is the worst part of the scheme - encouraging people to buy homes over priced homes when the economy is slowing and unemployment is rising. It's all going to end in tears. As an Australian reader of your excellent site, our Prime Minister announced a special “one off” payment (read cash handout) to get the economy moving. As we all know, the US tried the same thing an it tanked. As Australians have the propensity to spend $1.60 for every dollar of income all I can only surmise is that our illustrious leaders only intent is to increase the number of plasma tv’s per household consequently national debt.

On top of this, our PM doubled the first home buyers grant to $14k and the result? House prices have crept up accordingly. Master stroke Kevin – you’re awesome!. This is the worst part of the scheme – encouraging people to buy homes over priced homes when the economy is slowing and unemployment is rising. It’s all going to end in tears.

]]> By: paddy http://www.nakedcapitalism.com/2008/10/nikkei-falls-nearly-10-asian-markets.html#comment-21859 paddy Thu, 16 Oct 2008 06:21:00 +0000 http://www.nakedcapitalism.com/2008/10/nikkei-falls-nearly-10-asian-markets-tank-on-opening/#comment-21859 Keep up the good work Walter. You're doing a more important (but unfortunately less well paid) job than most of the people who read here, I would say. And doubledog, read between the lines, an "alternative school" is more about teaching life skills and less emphasis on formal academic skills. Hence, the more "electronic" style of english, typical of younger people. I certainly appreciate hearing his view. Keep up the good work Walter. You’re doing a more important (but unfortunately less well paid) job than most of the people who read here, I would say. And doubledog, read between the lines, an “alternative school” is more about teaching life skills and less emphasis on formal academic skills. Hence, the more “electronic” style of english, typical of younger people. I certainly appreciate hearing his view.

]]> By: doc holiday http://www.nakedcapitalism.com/2008/10/nikkei-falls-nearly-10-asian-markets.html#comment-21849 doc holiday Thu, 16 Oct 2008 05:13:00 +0000 http://www.nakedcapitalism.com/2008/10/nikkei-falls-nearly-10-asian-markets-tank-on-opening/#comment-21849 Don't short sake!<br/><br/>There are four types of tokutei meishōshu (actually six, due to mixing and matching the junmai and ginjō varieties).<br/>honjōzō-shu (本醸造酒), with a slight amount of distilled alcohol added. The distilled alcohol helps pull some extra flavors out of the mash. This term was created in the late 1960s to distinguish it (a premium, flavorful sake) from cheaply made liquors to which large amounts of alcohol were added simply to increase volume and/or give it a high alcohol content.<br/>junmai-shu (純米酒, literally "pure sake"), made from rice only. Before 2004, the Japanese government mandated that at least 40% of the rice be polished away, with no alcohol added, if the sake was to be considered junmai. Today, it can represent any sake milled to any degree, that contains no additives or distilled alcohol.<br/>ginjō-shu (吟醸酒), rice weight polished to 40% or less.<br/>daiginjō-shu (大吟醸酒), rice weight polished to 50% or less.<br/>The term junmai can be added in front of either ginjō or daiginjō if no alcohol is added to result in either junmai ginjō or junmai daiginjō. However, distilled alcohol often is added in small amounts to ginjō and daiginjō to heighten the aroma, not to increase volume, so a junmai daiginjō without added alcohol is not necessarily a better product than daiginjō. In fact, most brews that win the gold medals at the Hiroshima Kanpyōkai (one of the most prestigious judging events) cannot be called junmai due to the small amounts of alcohol added.<br/><br/>Is that off topic? Don’t short sake!

There are four types of tokutei meishōshu (actually six, due to mixing and matching the junmai and ginjō varieties).
honjōzō-shu (本醸造酒), with a slight amount of distilled alcohol added. The distilled alcohol helps pull some extra flavors out of the mash. This term was created in the late 1960s to distinguish it (a premium, flavorful sake) from cheaply made liquors to which large amounts of alcohol were added simply to increase volume and/or give it a high alcohol content.
junmai-shu (純米酒, literally “pure sake”), made from rice only. Before 2004, the Japanese government mandated that at least 40% of the rice be polished away, with no alcohol added, if the sake was to be considered junmai. Today, it can represent any sake milled to any degree, that contains no additives or distilled alcohol.
ginjō-shu (吟醸酒), rice weight polished to 40% or less.
daiginjō-shu (大吟醸酒), rice weight polished to 50% or less.
The term junmai can be added in front of either ginjō or daiginjō if no alcohol is added to result in either junmai ginjō or junmai daiginjō. However, distilled alcohol often is added in small amounts to ginjō and daiginjō to heighten the aroma, not to increase volume, so a junmai daiginjō without added alcohol is not necessarily a better product than daiginjō. In fact, most brews that win the gold medals at the Hiroshima Kanpyōkai (one of the most prestigious judging events) cannot be called junmai due to the small amounts of alcohol added.

Is that off topic?

]]> By: Anonymous http://www.nakedcapitalism.com/2008/10/nikkei-falls-nearly-10-asian-markets.html#comment-21845 Anonymous Thu, 16 Oct 2008 04:43:00 +0000 http://www.nakedcapitalism.com/2008/10/nikkei-falls-nearly-10-asian-markets-tank-on-opening/#comment-21845 Doubledog - "Our great country is only as good as it's [sic] educators....." LOL Doubledog – “Our great country is only as good as it’s [sic] educators…..” LOL

]]> By: Anonymous http://www.nakedcapitalism.com/2008/10/nikkei-falls-nearly-10-asian-markets.html#comment-21844 Anonymous Thu, 16 Oct 2008 04:28:00 +0000 http://www.nakedcapitalism.com/2008/10/nikkei-falls-nearly-10-asian-markets-tank-on-opening/#comment-21844 Countries are now grasping at straws that broke the camel's back. I don't see any signs of hope as the financial situation begins the spiral ride down the toilet. A rush to cash is the name of the game now. Sell Sell. The guaranteeing of deposits will not prevent draw downs to pay bills and survival needs when the failing economy hits depression mode furthering the loss of bank's funny money intra-day follies.<br/><br/>Good luck, we all will need some. Countries are now grasping at straws that broke the camel’s back. I don’t see any signs of hope as the financial situation begins the spiral ride down the toilet. A rush to cash is the name of the game now. Sell Sell. The guaranteeing of deposits will not prevent draw downs to pay bills and survival needs when the failing economy hits depression mode furthering the loss of bank’s funny money intra-day follies.

Good luck, we all will need some.

]]> By: Anonymous http://www.nakedcapitalism.com/2008/10/nikkei-falls-nearly-10-asian-markets.html#comment-21837 Anonymous Thu, 16 Oct 2008 03:40:00 +0000 http://www.nakedcapitalism.com/2008/10/nikkei-falls-nearly-10-asian-markets-tank-on-opening/#comment-21837 Funny how we haven't heard much of late as to how this whole decline was caused by evil short sellers targeting particular stocks.The Australian stock market has imposed a ban on all short selling of all stocks - naked or covered - since Sept 22. It has pretty well been cliff diving ever since, but at least we have been saved from the short sellers who no longer rate a mention. Wonder what will happen when this ban is lifted after 30 days ? Funny how we haven’t heard much of late as to how this whole decline was caused by evil short sellers targeting particular stocks.The Australian stock market has imposed a ban on all short selling of all stocks – naked or covered – since Sept 22. It has pretty well been cliff diving ever since, but at least we have been saved from the short sellers who no longer rate a mention. Wonder what will happen when this ban is lifted after 30 days ?

]]> By: doubledog http://www.nakedcapitalism.com/2008/10/nikkei-falls-nearly-10-asian-markets.html#comment-21834 doubledog Thu, 16 Oct 2008 03:22:00 +0000 http://www.nakedcapitalism.com/2008/10/nikkei-falls-nearly-10-asian-markets-tank-on-opening/#comment-21834 Jesus, Walter, we've all known its coming but at least spellcheck your comment. Our great country is only as good as it's educators.....<br/>Dave Schwieder Jesus, Walter, we’ve all known its coming but at least spellcheck your comment. Our great country is only as good as it’s educators…..
Dave Schwieder

]]> By: Anonymous http://www.nakedcapitalism.com/2008/10/nikkei-falls-nearly-10-asian-markets.html#comment-21832 Anonymous Thu, 16 Oct 2008 03:17:00 +0000 http://www.nakedcapitalism.com/2008/10/nikkei-falls-nearly-10-asian-markets-tank-on-opening/#comment-21832 Does anyone think that those cash injections were to cover silent runs on the big banks? Does anyone think that those cash injections were to cover silent runs on the big banks?

]]> By: walter http://www.nakedcapitalism.com/2008/10/nikkei-falls-nearly-10-asian-markets.html#comment-21826 walter Thu, 16 Oct 2008 02:49:00 +0000 http://www.nakedcapitalism.com/2008/10/nikkei-falls-nearly-10-asian-markets-tank-on-opening/#comment-21826 yves, I have deleted this message many times over the last few weeks. Thank you for the information and comments you provide. I am a high schol teacher in rochester , ny at an alternative high school. I teach a course called The Pursuit of Truth: Journalism, Econoics and Global Issies", This is the second year I've taught this course ( yeah my timing is always off, I thought this crisis would happen last year" I'm pursuing forward with the information here and educating my kids on global and national economic isssues, by also teaching them budgeting skills and creating a cookbook, "good food for bad times" , (hey i teach in an urban enviornment and I can already see some of the ramifications, I cook for my kids twice a week and pay for a copy of the new york times for each of them daily, they read, we discuss and i try to add insights form all over the internet (;_) thanks yves) (even if my kids can't) Thank you for all the energy and insightsw you prvid (all of you I look at these comments for analysis and insights) anyway thank you for a great site, and all of the readers for their great insights.<br/> Walter Jahnke yves, I have deleted this message many times over the last few weeks. Thank you for the information and comments you provide. I am a high schol teacher in rochester , ny at an alternative high school. I teach a course called The Pursuit of Truth: Journalism, Econoics and Global Issies”, This is the second year I’ve taught this course ( yeah my timing is always off, I thought this crisis would happen last year” I’m pursuing forward with the information here and educating my kids on global and national economic isssues, by also teaching them budgeting skills and creating a cookbook, “good food for bad times” , (hey i teach in an urban enviornment and I can already see some of the ramifications, I cook for my kids twice a week and pay for a copy of the new york times for each of them daily, they read, we discuss and i try to add insights form all over the internet (;_) thanks yves) (even if my kids can’t) Thank you for all the energy and insightsw you prvid (all of you I look at these comments for analysis and insights) anyway thank you for a great site, and all of the readers for their great insights.
Walter Jahnke

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