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Originally posted by GullibleUnderlord
Originally posted by csulli456
Originally posted by GullibleUnderlord
look at my post above people new 6.5 triggers new tsunami link above
Where is your link? I saw your post but no link. Forgive me if I am mistaken but can you please post a link to this supposed new tsunami?
here you go
Widespread Tsunami Warning is in Effect (Pacific): a tsunami warning is in effect for japan/russia/indonesia/papua new g… j.mp...
Originally posted by KewlDaddyFatty
reply to post by Red Cloak
Bad link
By Katy Burne
Of DOW JONES NEWSWIRES
NEW YORK (Dow Jones)--The earthquake that struck Japan on Friday may affect more than $1.5 billion of specialized securities called natural catastrophe bonds, leaving investors scurrying to determine their potential losses. Reinsurers use the securities, known as "cat bonds," to transfer risk from their own portfolios into the capital markets. In exchange for regular payments over the life of the bond, investors risk losing part or all of their initial investment if a specified natural disaster occurs. "I don't think anyone knows the potential loss yet," said one investor, noting it would be days before loss estimates filter through. "Nothing's trading," he added. The quake struck about 40 to 50 miles off the coast of Honshu, causing tsunami waves of up to 30 feet and severe tremors down the coast. The U.S. Geological Survey said the quake had a moment magnitude of 9.1, revised from an earlier 8.9 estimate, and said it was the largest quake in Japan since record keeping began.