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  Thursday, 17 Mar 2011 | 11:29 AM ET

Mark Zandi: No Global Impact From Japan

Posted By: Lori Ann LaRocco

The emotional investor roller coaster is on hyperdrive as the nuclear situation in Japan remains unknown. With 2011 gains wiped out and now the Yen soaring the markets wait to see if the central banks will intervene.

With all these questions weighing on the markets, I asked Mark Zandi, Chief Economist at Moody's Analytics to offer us his insight.

» Read More
  Thursday, 17 Mar 2011 | 10:20 AM ET

How Bad Can It Get in Japan?

Posted By: John Carney
An official in a full radiation protection suit scans an evacuated elderly woman with a geiger counter to check radiation levels in Koriyama city in Fukushima prefecture.
AFP | Getty Images
An official in a full radiation protection suit scans an evacuated elderly woman with a geiger counter to check radiation levels in Koriyama city in Fukushima prefecture.

Ever since the nuclear plants began deteriorating in Japan, there's been no shortage of coverage in the media. But it's been very hard to find anything on the bottom line: how bad could this get? If everything goes wrong, if we get multiple meltdowns, what happens? What's the worse case scenario?

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  Thursday, 17 Mar 2011 | 9:16 AM ET

LIBOR Probe Widens!

Posted By: Ash Bennington

Aid Groups Temper Their Contribution Aid groups say Japan, one of the world's wealthiest nations, has the ability to deal with the disaster's aftermath on its own [Wall Street Journal]

Japanese helicopter-dumping water on reactor — in what some see as a Hail Mary pass to avert disaster. [CNBC]

Expats flea Bahrain amid chaos. [CNBC]

LIBOR probe widens! [CNBC via FT]

Yen approaches all time high. [Reuters]

Calls for 'bank holiday' in Japan.

[Reuters | Hat Tip: ZeroHedge]

Fukushima's Heroes . [NY Post]

An analysis of mortgage fraud settlement—and how it may benefit the banks. [DealBook via ProPublica]

»Read more
  Thursday, 17 Mar 2011 | 9:11 AM ET

Waking up With Nicole Lapin

Posted By: Nicole Lapin

Don't wear green, it's cheesy. And don't kiss people you know, it's creepy. Just carry like any other Friday eve:

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  Thursday, 17 Mar 2011 | 8:50 AM ET

Did The Galleon Tapes Just Clear Rajat Gupta?

Posted By: John Carney
Rajat Gupta
Eric Piermont | AFP | Getty Images
Rajat Gupta

A wiretapped telephone conversation played earlier this week during the trial of Galleon founder Raj Rajaratnam reveals then-Goldman Sachs director Rajat Gupta disclosing confidential board information to Rajaratnam in 2008.

Oddly enough, it may wind up being the best defense Gupta has against civil charges of insider trading.

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  Wednesday, 16 Mar 2011 | 4:40 PM ET

Stocks Dip Again on Japanese Clear Worries

Posted By: Ash Bennington
  Wednesday, 16 Mar 2011 | 4:27 PM ET

What's Going on with the Japanese Yen?

Posted By: Ash Bennington

The Japanese Yen has been gaining strength against the dollar following the tsunami and Japan's subsequent nuclear crisis—so much so that I thought I was reading the chart backwards.

The general explanations given for the Yen's appreciation are currency repatriation and risk aversion.

In an article in the business blog City AM, Boris Schlossberg, Director of Currency Research, at GFT Forex explains :

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  Wednesday, 16 Mar 2011 | 4:03 PM ET

Chinese Bubble Dog?

Posted By: Ash Bennington
Getty Images

A Chinese coal baron has just purchased a red Tibetan mastiff for 10 million yuan, which is about $1.5 million.

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  Wednesday, 16 Mar 2011 | 3:29 PM ET

Riskiest US Nuke Reactor Threatens the Most Lives

Posted By: Ash Bennington
Koriyama fire department staff check radiation levels of rescue personnel in Koriyama city in Fukushima prefecture on March 13, 2011.
JIJI Press | AFP | Getty Images
Koriyama fire department staff check radiation levels of rescue personnel in Koriyama city in Fukushima prefecture on March 13, 2011.

If Japan's nuclear disaster has made you wonder which of the 104 US nuclear plants is the riskiest, the Nuclear Regulatory Commission is one step ahead of you.

In fact, the NRC has even calculated the risk of "catastrophic failure" at a US nuclear plant caused by an earthquake—which is precisely the scenario that ultimately occurred in Japan.

» Read More
  Wednesday, 16 Mar 2011 | 2:42 PM ET

Once Again, 'Core' Inflation Numbers Don't Paint Full Picture

Posted By: Jeff Cox
CNBC.com

Those tame core inflation numbers? Well, they really aren’t so tame after all.

Tuesday brought another round of misleading government statistics relative to price increases brought on by Federal Reserve monetary policies and global growth.

» Read More

About NetNet

  • NetNet is where you'll find the low-down and the high jinks of Wall Street. It's the place for insider stories, trader gossip, and tales of the foibles of the moneyed crowd and the culture of finance.Wall Street news and commentary served fresh all day long.

 

  • Jeff Cox is finance editor for CNBC.com.

  • Lawrence Develingne

    Lawrence Delevingne is the ‘Big Money’ enterprise reporter for CNBC.com and NetNet.

  • Stephanie Landsman is one of the producers of "Fast Money."

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