Morgan Stanley issues ‘full house’ buy alert for stocks (locksmithuk)
Graham Secker, the bank’s chief European equity strategist, said the sell-off over recent weeks is largely driven by emotion and has little to do with the underlying outlook for the world economy.
“Equities remain very cheap relative to government bonds and there remains a lot of liquidity around that is looking for a home,” he said.
Don’t Make This Gold Mistake (Tiffany B.)
It was a hassle to go to the goldsmith every time you needed to transact, so the smiths started issuing paper certificates of deposit in various denominations. In theory, every piece of this paper was fully backed by gold stored with a smith somewhere, and you could go get it if you wanted. The certificates derived their value from the underlying value of gold.
People used these certificates to transact — and voila, paper money (and banking) was born.
Armstrong Economics: The Dow (Aaron M.)
Those calling for the end of the world and a 1929 type depression are only looking at the charts. They are clueless as to how everything else is setting up. Nothing is in line for such an event. Keep in mind that event created big government and socialism. This time government is in crash mode, not the private sector. Politicians will do the jumping this time. If the stock market crashed, capital would then run into bonds. Just how low do you think interest rates would go — negative 20%? Come on. This is a 5000-year low in interest rates so we will have to flip out to the upside. There is no choice in this regard.
It is a problem that has so far stumped even Google’s brainy engineers – how to generate cheap solar electricity using a small-scale array of mirrors to concentrate the sun’s energy. Now a team at a South African university – led by a former Intel strategic planner – believes they have cracked it. Once they have completed a prototype system in October they have big plans for rolling out the technology
The DJIA has gone down 9.5% since the Spring. $6.3 trillion in governmental pension plan money was invested in wall street as of April 1st. Additional government pension plan losses have been, so far this year, $0.6 trillion. As of August 29, 2015, the government in the US owes $7.2 trillion for pensions. Every additional 10% the DJIA drops is another $0.6 trillion in unfunded pension costs that the government has to pay.
Water costs in fracking are expensive, but most major firms including Pioneer have been working on improving efficiency on that front. Pioneer’s deal with Odessa has been in the works for a while now and has evolved over time especially as oil prices plummeted.
Electric vehicle (EV) battery costs have fallen more rapidly than many projections, according to a new survey of battery costs published in Nature Climate Change. Researchers from the Stockholm Environment Institute scoured peer-reviewed journals, consultancy reports, and news items to construct an original data set of EV battery pack cost estimates from 2007 to 2014. Average battery pack costs have fallen 14 percent per year across the industry, which has seen sales volumes double annually in recent years. EV battery packs now cost $410 per kilowatt-hour (kWh) of storage capacity on average (with a 95 percent confidence interval ranging from $250–670 per kWh).
My Chicken of an EV (DennisC)
Rather than focusing on miles per literal gallon of gas, the car also reports MPGe: miles per gallon-equivalent. Reverse-engineering, it uses a conversion of about 33 kWh per gallon of gasoline, which is consistent with the thermodynamic lower heating value of gasoline.
California’s Katrina Is Coming (Wendy SD)
Most of the state’s water is drawn from the Delta, protected by levees that pretty much amount to mounds of dirt, even when compared to infrastructure that infamously failed New Orleans during Hurricane Katrina. Hurricanes don’t hit NorCal, but these levees are alarmingly susceptible to disaster. If enough were to breach—in an earthquake perhaps, or severe El Niño storm—sea water from San Francisco Bay could rush in, tainting the water supply serving two-thirds of the state. The worst-case scenario could cause up to three years of severely curtailed water for most Californians. Even if you’re not a California dreamer, this affects you.
Gold & Silver
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