First Solar (FSLR) says it can't meet the demand for solar modules this year. They've postponed US projects to meet Euro demand. The big Chinese producers - Suntech, Yingli and Trina (all on NYSE) - are also sold out. Italy, France, Spain, China, Australia, Middle East, Africa all are growing markets. So, will other solar makers get the overflow? There sure are plenty of them. SOLF, ESLR, CSIQ (though in a dogfight right now), CSUN, SPWRA, ENER, ASTI, FDEI ... the list is long. And what about all that crap earlier this year about a glut of panels?!
Pulte will now offer solar on their homes in more projects. Same with Beazer in Phoenix area.
Changing gears. The panic of '07. 1907. And a hundred years later... Anyway, the 1907 panic started with an attempt to manipulate the stock price of United Copper Company. Pretty benign, one would think. But it triggered a run on banks so much that the federal government had to make the first bailout in US history of $25M. J.P. Morgan, in his 70's, couldn't pull all the strings any longer. This all led to the Fed Reserve, created in '13. And, O, by the by, the IRS. From a secret meeting late in '10 on Jekyll Island, Ga. with politicians and bankers. For a bailout mechanism. Charles Lindbergh Sr. called it a "wonderfully devised plan specifically fitted for Wall Street securing control of the world". And Brandeis titled his article "Our Financial Oligarchy". "Dominated by the investment banker." Well, we don't have investment bankers anymore. Do we? They're now all bank holding companies. Aren't they? Our new-age Glass-Steagall, yea? And we now have new rules in place (e.g. no more naked shorting and new circuit breakers) and looking forward to financial regulation legislation soon. M hm. Well, for good or bad, the first Fed prez was Morgan's right hand man, Ben Strong. We got light regulation, cheap money and no risk management. Sixteen years later was '29, after a decade of Republican deregulation. Though, we must admit, we also had Prohibition. Nipples up. O yea, and in the early 1800's it was the First Bank of the United States v. Jefferson and then the Second Bank of the United States v. Jackson.
God, please bless America. And for Your sakes please bestow more wisdom upon all of us. Amen.
May the Fed control monetary leverage very well.
O yea, and the Gulf of Mexico. Lord please make BP plug the pipe. And then make them get the hell out of the oil business.
And, while you're at it Lord, take over North Korea and Iran and Gaza and Myanmar. For starters.
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