Bill W.

Investors at Risk of Losing Everything

Bill, I always make it a point to search for,
and read your articles, because you speak from your heart and not your ego.

I think we all need to take a deep breath and count to ten, because in IMHO, we are going to go through some very troubled times in the next few months. However, I do see light at the end of the tunnel.....and that light is solar energy. It looks like things have to get a lot worse before they get better........this is just something we will all have to get through.

Brighter Economic Forecast for 2008

Bill, You really need to get out more often.

The Home Start Numbers Are Not a Positive

Thanks for another great article.

We're Nearing Crunch Time for Oil

• Sir, Oil and natural gas are not the answer. You're left off solar as a new mega trend. It may be that in your mind set that alternatives can't power America. This is simply not true.

And the cost of continuing to do what we are doing is ruining our economy. Switching to alternatives will end the estimated $800 billion in annuall hidden costs of oil. Instead of giving the oil companies and estimated $80 billion annually in tax credits and subsidies, we could be investing in something with a future. And solar and wind and other clean energies won't cause wars in the mideast costing trillions of dollars and thousands of GI lives.

If you were paying for the hidden costs of oil at the gas pump, the price would be approaching $12/gallon.

The Greenies could be the smart ones. They aren't burying their heads in the sand.

And here's an example of what solar can do. and do it without any of the dangers of hidden costs of nukes and oil.

Yes alternatives need subsidies to get up to scale. So far they are miniscule compared with the subsidies for competing fuels.

Scientific American A Solar Grand Plan
sciam.com/article.cfm?......

"Solar thermal power plants such as Ausra's generate electricity by driving steam turbines with sunshine. Ausra's solar concentrators boil water with focused sunlight, and produce electricity at prices directly competitive with gas- and coal-fired electric power."

"Solar thermal power plants can store energy during daylight hours and generate power when it's needed. Ausra's power plants collect the sun's energy as heat; Ausra is developing thermal energy storage systems which can store enough heat to run the power plant for up to 20 hours during dark or cloudy periods."

"Solar is one the most land-efficient sources of clean power we have, using a fraction of the area needed by hydro or wind projects of comparable output. All of America's needs for electric power – the entire US grid, night and day – can be generated with Ausra's current technology using a square parcel of land 92 miles on a side. For comparison, this is less than 1% of America's deserts, less land than currently in use in the U.S. for coal mines."
ausra.com

blogs.business2.com/gr... /
And go to Green Wombat to see what's already happening in California with solar thermal power plants
•
frflyer
Mar 30 01:44 PM
Sources of estimates of oil's hidden costs and subsidies.

setamericafree.org/saf......
monitor.net/monitor/10......
progress.org/2003/ener...
eoearth.org/article/Te......


Respectfuly,

Bill W.

Three Major Changes in the Fed's (Longer) Statement

Kathy, just saw your clip on Fox New's.........how could you say that inlation in the US is only 4% with a straight face!

Why the Fed Needs to Pause Today

Kathy, great article!

Get Out of Commodities - Barron's

frflyer, thanks so much for showing us the light at the end of the tunnel.

There Is Plenty to Fear in This Market

Thanks for your insight Bill, I share your concern. As of April 12, 2008
fourteen major banks, UBS, Citi, Merril, Morgan Standy, Deutsche, Bank of America, Royal Bank of Scotland, Credit Suisse, Goldman Sachs, Lehman Brothers, Barclays, JP Morgan, Bear Sterns, and HSBC, have written off 133 billion in subprime mortgage loans, and leveraged loan comitments and the end is no where in sight. And yet the value of thier stock continues to increase. For example last Friday this group had an average increase of 3%.

When a company cuts dividends, sells assets, and issues new stock, it is clear that that company is in trouble and the value of thier stock should go down. But when the oposite happens, one can only surmise that someone is doing something to achieve this result. So, I'm like you, I just don't this market.......especiall... the financials.

Respectfully,

Bill W.

The Treasury, Fed and Bankers Are Setting the Bull Traps

You said: Rather than continue to lower rates, I believe the Fed will now work toward a stronger $USD policy to achieve a similar impact.”

How is the Fed going to accomplish this without raising rates?

Respectfully

Bill W.

Catching the Next Bubble

As a follow-up....housing is in a deflationly spiral right now, what with all the money the fed is injecting into our economy, I would'nt be surprized if housing was not in an inflationly spiral again, in 2009.

Catching the Next Bubble

You said: "In my personal situation, my wife and I don't currently own a home, and I'm looking at 2009 as a time that we might start looking for a house."

I don't see any reason to wait until 2009 to buy a house. Last week my son, called and said that a house across the street from him has just gone on the market for 64k, a house that 3 years ago sold for 200k. The deals are out there right now, no need to wait.

Respectfully,

Bill W.

Consumer Sentiment: Always Darkest Before the Dawn

This recession or pending depression is not like others because it's cause is completely different from those in the past. Think Adjustable Rate Mortgages (ARM) resets, which have resulted in declining home prices, foreclosures, declining home values, increase in credit card debt, Credit Default Obligation (CDO) devaluation, bank credit tightening, decrease in home demand, and on and on.

I believe we will see a direct connection with ARM resets and negative investment bank profits (which will be hidden until thier quatertly statements are released). So, this is not the end, this is the beginning of the end.

Respectfully,

Bill W.

Talk of Recession is Just Talk

Todd, I'm seeing a recession every where I look....and believe me I'm not looking at Government numbers. I have a house in Florida on the water that a year ago was appraised at 1.3 mil, a recent appraisel reflects a price of 750K, a net loss of about 50%. This reduction has had an enormous financial impact on me, so therefore I'm not spending, nor do I plan on spending money as freely as I did in the past......and, Todd, I'm only one person, multiply me by a few hundred thousand and you might begin to see the impact the current financial crisis has on our economy.

Last Auguest I bought a 100 year old house in Jacksonville fl in a short sale for 260k, the previous owner walked away from a 400k loan so i got the property as a bargain at the time, I put about 150k into the house and now it's appraised at 300k. So, my friend you are saying that housing is only 5% of the problem? I chose to differ. The loss in housing is having a domino effect that is affecting jobs, credit card debt, employment, and on and on.

Respectfully,

Bill W.

Talk of Recession is Just Talk

Todd, you really need to get out more often!

Calls For A Market Ready to "Rocket Higher"

Jason, you really need to get out more often!