crws's Account Talk

[KevinD]

That air bubble in the no public access sign looks like a ship sinking... :worried:

 

[crws]

yawn...
Just sightseeing while in park and saving gas.

http://online.barrons.com/article/SB50001424052970203540104576249881308383472.html#articleTabs%3Darticle

"There's not enough to drag us down into a double-dip recession, but there's enough to take down the lofty expectations that are out there and impact asset prices," Colonna told Bloomberg. But there have been "some very, very aggressive run-ups" in credit markets that may not match those expectations.

 

[crws]

MacroMavens' Stephanie Pomboy doesn't believe the recovery is good for the long haul, and she's recommending Treasuries and gold.

Not only do higher commodity prices feed inflation expectations, bidding up interest rates, but you also have the direct impact of higher commodity prices siphoning liquidity from the Treasury market, as our foreign, one-time creditors say, "Oh, no, now I have to pay an extra dollar on oil." And you see that in recent international flows.

It is not for nothing that the emerging economies, which really are the biggest consumers of commodities, are the ones that were sellers of Treasuries. They really need to use these dollars, and urgently, because they don't want to have an Egypt-style situation on their own hands. So you see articles every day about how countries from Brazil to China are starting to stockpile resources, and they are using forex [foreign-exchange] reserves to do that. So it isn't just some kind of abstract theory; it is actually playing out. Take China, for example. Over the past three months, China has been a net seller of Treasuries.

What does all of this lead to?

....

Sorry to be a party pooper, but I like her skepticism....both of these articles are from Feb 2011
the image of musical chairs has been dancing in my mind...

Greg Bartalos Barron's Editor wrote:

Stephanie Pomboy asked that we share her comments, which follow below and in a second post:

"I'd like to briefly clarify my view on Treasuries.

First, by dint of a set of missing commas, one might infer I believe them to be a 'hard asset'. Hopefully, it need not even be said that the government's certificates of confiscation are about as far removed from a 'hard asset' as one could get.

My bullishness on these flimsy pieces of paper is purely opportunistic. "

 

[crws]

SIN11.CMX +/- 6.xx%

Futures Graphs:
http://www.tradingeconomics.com/commodity/aluminum

 

[KevinD]

Nice links. Thanks.

 

[crws]

I canceled the last of my bank credit cards this last week, now I have only locally held accounts with 2 Credit Unions.



I'm giving this a test drive.

 

[crws]

Why the Silver Market Has Gone Nuts

 

[alevin]

I canceled the last of my bank credit cards this last week, now I have only locally held accounts with 2 Credit Unions.



I'm giving this a test drive.

Nice, crws, keep us posted. Fabijo was talking here about a similar program awhile back but got the impression it fizzled.

 

[crws]

2 items of note:

http://finance.yahoo.com/blogs/breakout/bernanke-lying-bet-against-fed-dollar-peter-schiff-152631496.html;_ylt=AiEzSeFlJKJf24kGuLnW0D27YWsA;_ylu=X3oDMTE2cHJxN2lnBHBvcwMxMARzZWMDdG9wU3RvcmllcwRzbGsDYmV0YWdhaW5zdHRo?sec=topStories&pos=7&asset=&ccode=

http://www.thedailyshow.com/watch/tue-june-9-2009/peter-schiff

Time to return from the hiatus... it was good to have a break.

 

[crws]

back on the bus

100% S

 

[crws]

Rufus, Oregon. Across the Columbia River on the Washington side there are Wind Turbines slowly revolving, at times as far as the eye can see.
It is a mesmerizing sight.

 

[Buster]

Cool stuff..there is a place in SW Oklahoma that looks like that..

what is also amazing, are those generator housings on top behind the blades..they are bigger than a Greyhound bus..:blink:

the whole landscape looks almost alien..:worried:

 

[Buster]

But since windmills don't put gasoline in my tank..I'd rather see the landscape look like this right now..

 

[crws]

But since windmills don't put gasoline in my tank..I'd rather see the landscape look like this right now..

not enuf dinosaurs in them thar hills, I'm afraid.
But good point! $50 a tank is getting real old, real fast.

 

[crws]

(Reuters) - The "Made in the USA" label may be poised for a comeback, a new study argues.

 

[crws]

As wind power booms, so do the challenges
Great article. 1/2 of the generated power is shipped via BPA lines to California.

A wind project towers over Highway 14 in southeastern Washington near the Columbia River. It's one in a cluster of wind farms at the epicenter of the boom.
The projects have been an economic boost for the local communities, creating hundreds of jobs and generating lease fees to landowners.

These turbines on a bluff above Wallula, in southeastern Washington, are part of a rapidly expanding string of wind farms.

 

[crws]

Siemens to provide 149 turbines for Washington State wind farm

German wind turbine manufacturer Siemens Energy has received its
single largest order for wind turbines for an onshore wind project in the US.

It will provide 149 turbines for the first phase of the Lower Snake River Wind Project,
which is being developed by local utility Puget Sound Energy in Garfield County, Washington State.

Using machines each rated at 2.3 megawatts, the total project output will be up to 343MW – enough power for 100,000 homes.

The deal will see Siemens supplying, installing and commissioning the wind turbines,
as well as servicing the machines for a five-year period.

Shipments are expected to begin in March 2011.

enXco completes 50MW wind farm in Washington State

September 27, 2010
Wind developer enXco has completed a 50-megawatt wind farm in Washington State, on behalf of 12 public utilities in Southern California.

The Linden Wind Project in Klickitat County saw construction start back in November 2009.

enXco, part of French energy company EDF Energies Nouvelles, said on Friday it completed installation of 25 MM92 turbines, supplied by German manufacturer REpower.

The project was developed on behalf of the Southern California Public Power Authority,
a group of utilities that serves around two million residential and business customers.

The SCPPA board gave the green light to the project in August 2009, to be developed by enXco but owned by the Authority itself.

 

[nasa1974]

There is a plan to put a wind farm out in lake Erie, just off Cleveland.

 

[ArchAngel]

I can literally see those Wallula windmills from behind my office! Some say it's a blight on the landscape, personally I think they're kinda cool.

 

[crws]

There is a plan to put a wind farm out in lake Erie, just off Cleveland.

Nice.
If you've never seen them, they are huge, and turn with a lazy grace. it is very awe-inspiring.
Someday I will get a ride to the top of one.
fyi- Siemens supplied/s almost all of the USPS automation equipment.

http://www.youtube.com/watch?v=8lWTQdHEazg