March 11 (Bloomberg) -- Prime Minister Naoto Kan mobilized Japan’s Self-Defense Forces and the central bank pledged to ensure financial stability after a magnitude 8.9 earthquake struck off the coast of Sendai, a city of 1 million, causing damage across the east coast of Japan. The impact on the financial markets of this huge disaster?
Stocks weak. Commodities weak. And if commodities are weak business cycle tendencies suggest a firm bond market.
George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked second best gold timer by Timer Digest
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