By the Time You Read This, They've Slapped a Solar Panel on Your Roof
Solar power has definitely improved over the years; base loading from your utility company will continue to be required however peak demand will be solved by solar (and other alternatives). Improved battery storage and/or fly wheel technologies is the one, two punch creating a continuous supply of electricity.
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Driverless cars to create 320,000 UK jobs and save 2,500 lives
No doubt about it driverless cars are on its way. At first only on closed circuits such as hotels, universities, hospitals etc. After that is long haul trucking and last your own personal vehicle. Thirty years from now driverless cars, trucks and airlines will be common place.
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Fascinating modular technology hopefully is being looked into here in the States.
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This will become a hot issue as child services agencies intervene into family affairs as the national obesity crises balloons.
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Business cycles have not been repealed no matter what politicians say and when the U.S. goes back into recession so will Europe placing huge pressure on the Economic Union. I anticipate the trade agreements holding together the Euro currency is most likely not long for this world. European equities however are undervalued only recommend dollar cost averaging as the U.S. market is over blown and when it declines it will bring down Europe's markets as well. Vanguard's European Stock Index Fund (VEUSX) dividend yield is 3.43% our markets declining pulling down Europe's would only encourage to purchase more. Also the Euro (or Franc, Mark, or Pound) are undervalued as compared to the U.S. dollar.
The US Treasury's attempt to cripple the Asian Infrastructure Investment Bank (AIIB) before it gets off the ground is clearly intended to head off China's ascendancy as a rival financial superpower, whatever the faux-pieties from Washington about standards of "governance".
Such a policy is misguided at every level, evidence of what can go wrong when a lame-duck president defers to posturing amateurs in Congress on delicate matters of global geostrategy.
Washington has enraged Britain by trying to browbeat Downing Street into boycotting the project. It has forced allies and friendly countries across the Far East to make a fatal choice between the US and China that none wished to make, and has ended up losing almost everybody. Germany, France, and Italy are joining. Australia and South Korea may follow soon.
Unfortunately despite all the good things the U.S. does many times we are a bull in a china shop (sorry for the pun). Two paragraphs in the article eludes that China's debt bubble may have burst (I've been waiting over 5 years).
It is possible that the AIIB will fizzle. China's economy has come off the boil, struggling by an incipient debt crisis. The work force is contracting by three million a year. Productivity growth has failed to keep pace with rising wages. Capital outflows are eating into foreign reserves. The central bank has become a net seller of bonds. The Asian Development Bank said this week that the yuan is now "overvalued".
David Shambaugh, a veteran sinologist at George Washington University, says the Communist Party is in danger of disintegrating. Riddled with corruption, it is relying on naked repression and systemic purges to make up for lost legitimacy. He has even begun to talk of a coup against President Xi.
I've stated for longer than I care to admit that China is a paper tiger and when their massive debt bubble collapse, holding their empire together will be a monumental task. Their autonomous regions are very susceptible to total independence especially the north western regions that are Muslim.
If this is the long awaited economic Chinese implosion their country will experience a 1930's style depression lasting 10 to 15 years. China's international adventures will certainly be put on hold as the country looks inward to stabilize itself politically and economically.
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