|#SubscriberNotes have been updated on the website. Bonds nearing an important buy signal now.|
Wednesday, December 30, 2015
Tuesday, December 29, 2015
Monday, December 28, 2015
Sunday, December 27, 2015
|#SubscriberNotes #WeekendAnalysis reports have been updated on the website. Santa brought a January Effect rally last week.|
Wednesday, December 23, 2015
|A White Christmas is rare in Texas, but climate change may be responsible for the first Blue Christmas this year. The state flower—bluebonnets—normally bloom in spring. But, reports are that the bluebonnets are being fooled by global warming and blooming months early this year.
Somebody should tell Ted Cruz. He's a science denier. If the bluebonnets are blooming early, it shows how big changes are happening to our climate.
|#SubscriberNotes have been updated on the website. Santa Clause Rally boosts stocks, but pummels bonds. Reversal coming?|
Tuesday, December 22, 2015
Monday, December 21, 2015
|By Ron Paul, originally published at Ron Paul Institute|
Stocks rose Wednesday following the Federal Reserve’s announcement of the first interest rate increase since 2006. However, stocks fell just two days later. One reason the positive reaction to the Fed’s announcement did not last long is that the Fed seems to lack confidence in the economy and is unsure what policies it should adopt in the future.
At her Wednesday press conference, Federal Reserve Chair Janet Yellen acknowledged continuing “cyclical weakness” in the job market. She also suggested that future rate increases are likely to be as small, or even smaller, then Wednesday’s. However, she also expressed concerns over increasing inflation, which suggests the Fed may be open to bigger rate increases.
Many investors and those who rely on interest from savings for a substantial part of their income cheered the increase. However, others expressed concern that even this small rate increase will weaken the already fragile job market.
These critics echo the claims of many economists and economic historians who blame past economic crises, including the Great Depression, on ill-timed money tightening by the Fed. While the Federal Reserve is responsible for our boom-bust economy, recessions and depressions are not caused by tight monetary policy. Instead, the real cause of economic crisis is the loose money policies that precede the Fed’s tightening.
When the Fed floods the market with artificially created money, it lowers the interest rates, which are the price of money. As the price of money, interest rates send signals to businesses and investors regarding the wisdom of making certain types of investments. When the rates are artificially lowered by the Fed instead of naturally lowered by the market, businesses and investors receive distorted signals. The result is over-investment in certain sectors of the economy, such as housing.
This creates the temporary illusion of prosperity. However, since the boom is rooted in the Fed’s manipulation of the interest rates, eventually the bubble will burst and the economy will slide into recession. While the Federal Reserve may tighten the money supply before an economic downturn, the tightening is simply a futile attempt to control the inflation resulting from the Fed’s earlier increases in the money supply.
After the bubble inevitably bursts, the Federal Reserve will inevitability try to revive the economy via new money creation, which starts the whole boom-bust cycle all over again. The only way to avoid future crashes is for the Fed to stop creating inflation and bubbles.
Some economists and policy makers claim that the way to stop the Federal Reserve from causing economic chaos is not to end the Fed but to force the Fed to adopt a “rules-based” monetary policy. Adopting rules-based monetary policy may seem like an improvement, but, because it still allows a secretive central bank to manipulate the money supply, it will still result in Fed-created booms and busts.
The only way to restore economic stability and avoid a major economic crisis is to end the Fed, or at least allow Americans to use alterative currencies. Fortunately, more Americans than ever are studying Austrian economics and working to change our monetary system.
Thanks to the efforts of this growing anti-Fed movement, Audit the Fed had twice passed the House of Representatives, and the Senate is scheduled to vote on it on January 12. Auditing the Fed, so the American people can finally learn the full truth about the Fed’s operations, is an important first step in restoring a sound monetary policy. Hopefully, the Senate will take that step and pass Audit the Fed in January.
Copyright © 2015 by RonPaul Institute. Permission to reprint in whole or in part is gladly granted, provided full credit and a live link are given.
Please donate to the Ron Paul Institute
Sunday, December 20, 2015
Friday, December 18, 2015
|Mike Munsell of Greentech Media writes:
A five-year extension to the solar investment tax credit (ITC), which is currently included in the omnibus spending bill under consideration in Congress, would result in 25 gigawatts (GW) of additional solar capacity over the next five years -- a 54 percent increase over a no-extension scenario. According to GTM Research, which just released a preliminary updated state- and segment-level forecasts based on the current omnibus language, ITC extension will foster $40 billion in incremental investment in solar between 2016 and 2020.
"The ITC extension currently written into the omnibus spending bill will result in a 20-gigawatt annual solar market in the U.S. by 2020," said Shayle Kann, senior VP of GTM Research. "At that rate, more solar will be installed each year than was added to the grid cumulatively through 2014."
Compare that projection to the total amount of solar added during 2015: just 3 gigawatts. Clearly, this slow-growth economy has a pocket of high growth within it.
Thursday, December 17, 2015
|#SubscriberNotes have been updated on the website. Santa is MIA, but our signals are working profitably.|
|Elon Musk explains what it will take to tap into an endless source of free energy in this talk he gave in Paris on December 2nd:|
In an interview on December 15 at the American Geophysical Union meeting, Musk mentioned that if we covered just a corner of Utah or Nevada with solar panels, we could power the entire US, as Nature News' Lauren Morello reported.
Wednesday, December 16, 2015
|#SubscriberNotes have been updated on the website. Long term rates are heading lower, not higher. The TV journalists get it wrong.|
|According to Solar City, their customers have reaped the following benefits by going solar:
Estimated savings by their customers so far: $145,800,888 and |
2,462,014 Tons of CO2 conserved by their customers and counting
Equivalent to not driving a car for 5,827,884,920 miles or avoiding the use of 1,402,645,723 gallons of water.
WASHINGTON, Dec. 16, 2015 /PRNewswire/ -- SolarCity urged Congress to swiftly pass comprehensive legislation that includes an extension of the Investment Tax Credit (ITC) for solar. The provision, included in sweeping appropriations and tax bills introduced by House Speaker Paul Ryan today, is the result of weeks-long bipartisan negotiations between Senate and House leaders.
The proposed legislation would follow on the heels of the historic global climate agreement in Paris, where 195 countries committed to tackle climate change and galvanize greater investment in clean energy. Consistent, long-term policies supporting solar energy, along with other clean energy sources, are critical to the growth of a lower-carbon economy. This week, analysts told the National Journal that lifting the ban on crude oil exports would have a negligible impact on U.S. carbon emissions, while greater support and certainty for solar could more than double the nation's total installed solar capacity.
"On behalf of over 15,000 employees here in the U.S. and nearly 300,000 customers, SolarCity applauds the bipartisan agreement that prioritizes the growth of solar in the United States," said SolarCity CEO Lyndon Rive. "Using clean energy is the most important step an individual can take to address climate change and protect future generations. Combined with the historic Paris climate agreement, long-term certainty for the ITC sends a strong signal to the marketplace that investment in clean energy is the right way to drive continued economic growth and job creation. We urge Congress to act quickly to enact the measure."
The ITC, which was set to expire at the end of 2016, is a 30% federal tax credit for businesses (under Section 48 of the tax code) and homeowners (under Section 25D) to incentivize installation of solar energy systems, fuel cells, combined heat and power systems, microturbines, small wind systems, and geothermal heat pumps.
Since its creation in 2006, the ITC has delivered job growth, cost reductions, and domestic energy deployment across the country.
SolarCity is an Equal Opportunity / Affirmative Action employer committed to diversity in the workplace. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, national origin, disability, protected veteran status, gender identity or any other factor protected by applicable federal, state or local laws.
This release contains forward-looking statements including, but not limited to, statements regarding projections as to manufacturing timelines, volume and costs. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved, if at all. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward looking statements. You should read the section entitled "Risk Factors" in SolarCity's quarterly report on Form 10-Q, which has been filed with the Securities and Exchange Commission and identifies certain of these and additional risks and uncertainties. We do not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/solarcity-urges-swift-passage-of-bipartisan-year-end-tax-package-300193675.html
Tuesday, December 15, 2015
|#SubscriberNotes have been updated on the website. The Fed hikes rates, the economy goes into recession. Will they be blamed?|
Monday, December 14, 2015
|Ben Hunt thinks there's a storm coming in the markets. He published a note today called Storm Warning:
Can everyone saying “a 25 bps rate hike doesn’t change anything” or “manufacturing is a small part of the US economy today, so the ISM number doesn’t mean much” or “trade with China is only a few percent of US GDP, so their currency devaluation isn’t important” just stop? Seriously. Can you just stop? Maybe if you were making these statements back in the ‘80s – and by that I mean the 1880s, back when the US was effectively a huge island in the global economy – it would make some sense, but today it’s just embarrassing.
Sunday, December 13, 2015
Saturday, December 12, 2015
|The investment bank urges investors to focus on solar, wind, LEDs and electric cars for maximum climate impact.
Stephen Lacey of GreentechMedia writes:
Friday, December 11, 2015
|Damn the Matrix stays on top of the accelerating global deflationary trend:
Thursday, December 10, 2015
Wednesday, December 09, 2015
Tuesday, December 08, 2015
|The politicians love to think that staying below at 2°C rise in average global temperatures over the years 1800-present will somehow “save the planet.” If you believe that, you have yet to realize politicians lie with the regularity of sunrise.
Two degrees became the default goal almost by happenstance. The number originated with Yale economist William Nordhaus, who back in the 1970s published a paper suggesting that a rise in global temperature of more than 2 degrees would represent temperatures hardly seen over the past several hundred thousand years. Nordhaus’s number was based on preliminary intuition, though climate data has confirmed that during the past 100,000 years, global mean temperatures have rarely, if ever, reached much higher than 2 C above those around 1800.
Monday, December 07, 2015
Sunday, December 06, 2015
|#SubscriberNotes have been updated on the website. #WeekendAnalysis to follow shortly. Seasonal uptrend in equities persists.|
Saturday, December 05, 2015
Friday, December 04, 2015
|The COP21 Climate Talks in Paris aim to limit global warming to 2°C this century, but James Hansen, who sounded the warming warning way back in 1988 says:
Hansen, who was speaking at a climate summit for the first time, said the planet was out of energy balance. “There is more warming in the pipeline that will take us into real danger. We are on the edge of handing our children a climate system that is out of control, and that could mean losing half our coastal cities.”
Thursday, December 03, 2015
|#SubscriberNotes have been updated on the website. The big move in bonds was tipped here first.|
|Rockstar entrepreneur Elon Musk is right most of the time. But, he can certainly be wrong. We've written before that he's wrong about Lithium-ion battery technology as he's betting the future of Tesla on that obsolete technology. We will be proven correct in the long run and Musk may very well snap to the facts. The inventor of Lithium-ion battery technology agrees with us, by the way.
Today, we find that Musk thinks that we can only solve the Climate Change problem with a Carbon Tax. Well, there's another thing Musk is wrong about. What will solve the problem is technology. Strangely enough, we agree with Bill Gates on this point. We read in Fortune that:
This idea that government has to coerce the public into doing the right thing is where conservatives lose patience with environmentalists. We say let the market decide which is the best course of action. Let the technology force the outcome. And, we think the market is going to tell the fossil fuel industry to keep their polluting fuel in the ground. That's because we have an unlimited supply of clean green fuel for our energy coming from 93 million miles in the sky. We can take this free energy and store it in advanced batteries and have it available at any time in the future. We can create electric transportation and store that solar energy to put to use in transporting goods from place to place on the surface of this planet—and in the air as well. It's called solar+storage and it's now cheaper than burning polluting fossil fuel in many parts of the planet. Let the market decide, not government. Tell politicians to keep their greedy hands off the economy. You know that if the politicians pass a tax, they'll find a way to funnel some of those funds into the hands of their sponsors in industry. The public will pay higher taxes and receive no benefits from the tax while some gets funneled into corporate coffers that finds its way back into politicians' pockets.
Wednesday, December 02, 2015
|#SubscriberNotes have been updated on the website. Today was a significant change-in-trend day. We're adding significant indicators to our daily chart rotation.|
|The Breakthrough Energy Coalition aims to spur the transition away from fossil fuels to sustainable (and non-polluting energy) via private-public partnerships. See Introducing the Breakthrough Energy Coalition:
The real problem is in commercializing the sustainable energy breakthroughs we already have. Consequently, this part of the initiative will end up being far more important:
Gates speaks to the problems we face: