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kmi

kmi
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  • Google (GOOG -0.2%) provides $168M to BrightSource Energy for the construction of the world’s largest solar-thermal plant. BrightSource also secures a $1.6B loan guarantee from the government for the 392 MW project in southern California.  [View news story]
    Google is already in wind and locating data centers near dams, either its trying to buy its vast energy requirements at wholesale or thinks its a good business, or both, simultaneously...
    Apr 12, 2011. 10:00 AM | Likes Like |Link to Comment
  • Bill Gross hasn't just dumped his U.S. Treasury holdings, he's now short the Treasury market: 3% of Pimco's $236B flagship Total Return Fund is bet against Treasurys. The fund also increased cash and equivalents to 31% from 23%, making it the largest component for the first time in four years.  [View news story]
    I'll try and add some clarity too, if I understand it right. Bonds were good investments for a long time since rates were 15%+ in the 80s and have been falling since then; and as Hedge said bonds move inverse to interest rates bonds appreciated since the 80s. But at this point the rates can't go lower, and they may move higher for an extended period, so it's a relatively safe bet - rates can't go down so you can't really lose.
    Apr 11, 2011. 10:11 AM | 3 Likes Like |Link to Comment
  • A runoff for Peru's presidency is set between Hugo Chavez ally Ollanta Humala and Keiko Fujimori, the daughter of the country's jailed ex-president. Peruvian shares (EPU) have been underperformers on worries Humala might pull this out, but Fujimori looks to be the favorite headed into the final poll.  [View news story]
    Ha! some choice, the daughter of a criminal or a socialist likely to crush the budding economy, not a good thing for sure...
    Apr 11, 2011. 09:59 AM | Likes Like |Link to Comment
  • Breaking: South African President Jacob Zuma, in Libya to try to negotiate a ceasefire, says Gaddafi has accepted the roadmap to peace proposed by the African Union.  [View news story]
    Gaddafi is a psychopath, he could take advantage of any lull in the fighting just to position himself better to crush the opposition, or hell, crush them in a clandestine method while appearing to be overtly passive...

    As well, who's to say Zuma isn't being overly optimistic... if everything is good and well and holds together bravo to Zuma but I'm wouldn't hold my breath...
    Apr 10, 2011. 11:58 PM | 1 Like Like |Link to Comment
  • Iceland's PM warns of "chaos" (and not getting an invite to Davos or Jackson Hole) after voters again reject a plan to pay back countries whose citizens lost money in the banking collapse. The dispute will end up in court, where the U.K. and Netherlands can explain to a judge why a country's citizens should be liable for the actions of a private financial institution.  [View news story]
    Knight - it appears the effective burden is being shared by the taxpayers of Britain and Netherlands as the government seems to have paid out the money to the 'savers' already.
    Apr 10, 2011. 12:46 PM | 3 Likes Like |Link to Comment
  • Iceland's PM warns of "chaos" (and not getting an invite to Davos or Jackson Hole) after voters again reject a plan to pay back countries whose citizens lost money in the banking collapse. The dispute will end up in court, where the U.K. and Netherlands can explain to a judge why a country's citizens should be liable for the actions of a private financial institution.  [View news story]
    Linked article only has the following for cl;arity:

    "The debt was incurred when Britain and the Netherlands compensated their nationals who lost savings in online "Icesave" accounts owned by Landsbanki, one of three overextended Icelandic banks that collapsed in late 2008, triggering an economic meltdown in the country of 320,000 people... voters rejected the idea that taxpayers should foot the bill for what they see as bankers' irresponsibility."

    Are you certain the Icelandic banks were in fact bailed out? Or is this a situation where Britain/Netherlands is attempting to get the Icelandic people to pay for the failure/insolvency of their banks?
    Apr 10, 2011. 12:38 PM | 1 Like Like |Link to Comment
  • The Peru ETF (EPU +1.3%) is off more than 7% the last 4 weeks as investors brace for the possible Presidential election victory of Ollanta Humala. Trying to distance himself from ally Hugo Chavez, Humala has been campaigning as a "mini-Lula," a reference to Brazil's popular ex-President.  [View news story]
    Peru's politics is an absolute mess but I don't think silver will be affected even with Humala there. Depending what happens on Sunday, Peru may continue being the secret growth story of S America. Of course it's almost pure commodity play but no one arguing against that yet...
    Apr 8, 2011. 02:17 PM | Likes Like |Link to Comment
  • The U.S. Energy Department estimates Poland has 5.3T cubic meters of natural gas in shale deposits, far higher than what other estimates say. Polish production of gas could "change Europe's energy paradigm," making the region far less dependent on Russian supply.  [View news story]
    Poland = the next Canada?

    Strong domestic economy with strong currency, now looking like an energy powerhouse for Europe, and is the US missile defense plan in place there yet? Or did Russia scare us off that one....
    Apr 8, 2011. 02:12 PM | 1 Like Like |Link to Comment
  • Following alarm expressed by China and a charge of governmental incompetence from South Korea, Japan will stop pumping radioactive water into the sea tomorrow. The water had been used to cool exposed fuel rods, but a lack of storage capacity required its removal to the ocean.  [View news story]
    China added 'we think Japan is trying to finally bring their decades long project codenamed 'Godzilla' to fruition, and we don't want it to happen.'

    Meanwhile China started hatching plans of its own to hack Japanese computers to figure out how to do it itself...


    yes just joking
    Apr 8, 2011. 02:10 PM | Likes Like |Link to Comment
  • "China has an opaque legal system, I cannot trust the government," says Meghnad Desai, arguing the Indian rupee, not the yuan should be talked about as an international currency. About China's powering economy, "(it) is wasting capital and a lot of the investment that the Chinese are making will have no returns." Rupee ETF: ICN +3.2% YTD.  [View news story]
    India has real IP, real innovation, in addition to cheap labor, hell I'd be willing to agree with him if I thought the rupee could handle it...
    Apr 8, 2011. 02:06 PM | Likes Like |Link to Comment
  • The Paul Ryan budget plan is "ludicrous and cruel," Paul Krugman writes, and shouldn't be taken seriously. Ryan calls for spending on all items other than Social Security, Medicare and Medicaid to fall to 3.5% of GDP, less than the U.S. now spends on defense alone. "How could such a drastic shrinking of government take place without crippling essential public functions?" (previous)  [View news story]
    No I'm not joking. Regardless of the stupid stuff he has pulled and keeps on pulling if you take your partisanship out of the equation he made valid points.
    Apr 8, 2011. 11:57 AM | 3 Likes Like |Link to Comment
  • Budget talks ended hours ago and negotiators still differ by $6.5B in budget cuts, aides say - setting the stage for a possible shutdown later today.  [View news story]
    Who's blaming Bush? I am stating something that happened, does that bother you?
    Apr 8, 2011. 11:56 AM | 1 Like Like |Link to Comment
  • The Paul Ryan budget plan is "ludicrous and cruel," Paul Krugman writes, and shouldn't be taken seriously. Ryan calls for spending on all items other than Social Security, Medicare and Medicaid to fall to 3.5% of GDP, less than the U.S. now spends on defense alone. "How could such a drastic shrinking of government take place without crippling essential public functions?" (previous)  [View news story]
    Reid just spoke and addressed the Dems sticking points, and he spoke rather eloquently.
    Apr 8, 2011. 11:13 AM | 3 Likes Like |Link to Comment
  • Budget talks ended hours ago and negotiators still differ by $6.5B in budget cuts, aides say - setting the stage for a possible shutdown later today.  [View news story]
    Call a spade a spade, Reps were willing to do same when it came to the Bush tax cuts. Your argument could just as easily be made about that situation.

    When push came to shove, Obama stuffed the Bush tax cuts down his party's throats to make things happen. He got slammed, the phrase is still with me 'the politics of compromise have become the politics of capitulation'. I'd guess he doesn't want to get slammed again.
    Apr 8, 2011. 11:01 AM | 1 Like Like |Link to Comment
  • Eurozone finance minister chair Jean-Claude Juncker wags his finger at the Greek government, after its deficit to GDP ratio comes in around 9.5%, far higher than the 8% target. What is he going to do? Force a bigger bailout on them?  [View news story]
    Juncker demonstrates a uniquely obtuse understanding of how austerity affects GDP.

    Everyone else seems to already know where this is going.
    Apr 8, 2011. 10:32 AM | 1 Like Like |Link to Comment
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