LATEST INSTABLOGS POSTS

  • Think Again Before Buying That Vacation Home
     If you’re entertaining buying a vacation home any time soon, I’d think again. In my annual review of the residential real estate market in the High Sierra mountain hamlet of Incline Village, Nevada, and I am sad to report that antidepressant addiction among realtors there is... More »
    Jul. 25, 2011
  • Integrating America’s Power Grid
     Until now, America’s power grid has been divided into three unconnected chunks, making transnational transmission impossible, leading to huge regional mispricing. While California and New York suffered from brown outs and sky high prices, electricity was given away virtually for free... More »
    Jul. 25, 2011
  • India is Catching Up With China
    When I first visited Calcutta in 1976, 800,000 people were sleeping on the sidewalks, I was hauled everywhere by a very lean, barefoot rickshaw driver, and drinking the water out of a tap was tantamount to committing suicide. Some 35 years later, and the subcontinent is poised to overtake... More »
    Jul. 25, 2011
  • Quote of the Day
    “It is the best of times in the developing world, and it is the worst of times in the developed world. We’re seeing flat growth in the OECD. China and the developing world is where we’re seeing all the growth,” said Peter Evensen of Teekay Shipping.
    Jul. 25, 2011
  • Dinner With Joseph Stiglitz
    The great thing about interviewing Joseph Stiglitz over dinner is that you don’t have to ask any questions. You just turn him on and he spits out one zinger after another. And he does this in a kibitzing, wizened, grandfatherly manner like one would expect from a character that just walked... More »
    Jul. 25, 2011
  • The World’s Largest Solar Plant
    Unfortunately, I know Blythe, California too well. This natural blast furnace is in a God forsaken corner of the state where I hunted jack rabbits as a kid, the Indians survived on Gila monsters for protein, and it regularly reaches 130 degrees in the shade. It is also where Peter Fonda and... More »
    Jul. 25, 2011
  • Is the Fat Lady About to Sing Again for the Treasury Bond Market?
    One of my best calls of the year was to pick the bottom of the Treasury bond market in February and pile readers into synthetic long positions by shorting puts in March. That handy little trade brought in a nice 4.51% profit for my model portfolio. All good things must come to an end. Since my... More »
    Jul. 25, 2011
  • Oil Service HOLDRs Trust (NYSE: OIH) Testing Resistance
    July 26, 2011Shares of the ETF Oil Service HOLDRs Trust (NYSE: OIH) are testing resistanceat $162 a share.OIH has had a nice run up since its June 27 low, adding some 15% in the last month to close at $161.66 on Monday, July 25.The 162 level is where the late April rally failed and needs to be... More »
    Jul. 25, 2011 OIH
  • More Time for the Debt Ceiling? At Least We Have Football
    Now we are getting reports that we might have an extra 8 days to muddle around in budget purgatory - as revenues were up and and we collected more tax dollars than anticipated. Perhaps we have till August 10. too bad. It was just starting to get really interestingE*Trade (ETFC) looks like... More »
    Jul. 25, 2011 ETFC
  • The Momentrix View of the Markets for Monday July 25, 2011
    Today did little to resolve any of the issues hanging over the market. The S&P 500 and the NASDAQ finished the day down 0.5%.  There are multiples plans to resolve the debt ceiling dispute but until there are actual votes there is little to trade on. Although the weekend news painted a... More »
    Jul. 25, 2011