Monday, July 9, 2012

@9:22, 7/9/12

I had a look at photovoltaic solar panels. 
A google search turns up a bunch of them.
They are the way to go if one wants to be off the grid. 
The panels cost about $1.20 per peak watt.  Storage runs about $0.50 per watt hour.  I would like to run a low power establishment.  About a third of average.
Eight kilowatt hours per day.  I want three days fully charged for weather.  Twenty four kilowatt hours in the battery. $1,200.  I will get about one sixth of peak power charging per day.  Charge from flat in two days, twelve kilowatt hours per sunny day.  Seventy two kilowatts of solar panel. $86,400. Plus an inverter.  $88,000 for such a system.  I need to scratch my head over the load and the charging rate.  How much of the system runs on propane?

This was a quiet day in Europe.  When the finance ministers issue a report we can go back to crisis mode.  Greece is still broke.  Spain is going down for the second time. Britain is padding it's banks.  Angela Merkle is stubborn.

http://www.bbc.co.uk/news/business/market_data/overview/

Dow Jones 15 min delay
Dow Jones intraday chart
value
change
%
12736.29
-36.18
-0.28
Top winner and loser
Merck & Co. Inc.
42.13
+0.62
+1.49
E.I. du Pont de Nemours and Co.
47.47
-1.43
-2.92
Nasdaq 15 min delay
Nasdaq intraday chart
value
change
%
2931.77
-5.56
-0.19
Top winner and loser
Central European Distribution Corp.
3.70
+0.95
+34.30
James River Coal Company
2.84
-0.70
-19.77
S&P 500 15 min delay
S&P 500 intraday chart
value
change
%
1352.46
-2.22
-0.16
Top winner and loser
WellPoint Inc.
61.95
+2.04
+3.41
Alpha Natural Res
8.02
-0.65
-7.50
BBC Global 30 intraday chart
value
change
%
6177.47
-30.77
-0.50
Market reports
London
Paris
Frankfurt
Wall Street
Tokyo
FTSE 100 15 min delay
FTSE 100 intraday chart
value
change
%
5627.33
-35.30
-0.62
Top winner and loser
Meggitt
403.90p
+10.40
+2.64
IMI
810.00p
-28.00
-3.34
Dax 15 min delay
Dax intraday chart
value
change
%
6387.57
-22.54
-0.35
Top winner and loser
Thyssen Krupp AG
13.42
+0.29
+2.21
Metro AG St
20.43
-1.37
-6.28

Share Prices
Summaries: London | NYSE | Nasdaq | Paris | Frankfurt

Search share prices by name or symbol*:
View London's top shares by sector
 
* In London, New York, Paris, Frankfurt and on Nasdaq.
View London's top shares by alphabet
3i  - Bum | Bun - Fil | Fir - KCO | Ken - PZ  | Qin - Tay | Ted - Yul | Popular shares
Currencies
More currencies
 
£
$
¥
£
-


$
-


-


¥
-



Commodities
More commodities
 
price
change
 
%
 
Brent Crude Oil Futures $/barrel 99.90
+1.71
+1.7
 
West Texas Intermediate Crude Oil Futures $/barrel 85.76
+1.64
+2.0
 
Forex Gold Index(pm fix) $/oz 1585.00
-2.00
-0.1
 
Coffee "C" Futures US cents/pound 181.75
+5.85
+3.3
 
Copper 3mo Unofficial Confirmed $/m tonne 7552.50
+10.00
+0.1
 


The German market was very choppy over a limited range. 
Others were "quiet". 

$1.2321 per euro is not a good sign.
Paul Krugman is not hopeful.


http://krugman.blogs.nytimes.com/2012/07/09/sinners-repent/
"July 9, 2012, 9:03 am.

Sinners, Repent!

Last week 160 German economists, organized by Hans-Werner Sinn — call them Sinners — signed a manifesto opposing a European banking union. Today VoxEU has a counter-manifesto, signed by more than 100 economists in the German-speaking world, arguing in effect that the euro cannot survive without such a banking union:
The financial crisis has exposed a fatal flaw in the design of European monetary union which can be removed only by decisive policy action. Policymakers in Europe now have an opportunity to change the game. A central aspect of this problem is the conflation between debt of the private sector and that of European national governments.
In the course of the crisis, fiscal budgets are being tapped to refinance systemically relevant financial institutions. At the same time, financial institutions continue to play a central role in financing national governments, lending money to them and holding their debt. An unavoidable consequence is that bank failures have led to sovereign debt crises and sovereign debt crises have led to banking crises, leading to growing mistrust of both national banking systems and government finance. The situation is aggravated by the fact that international investors, driven by fear of total collapse, have withdrawn funding to struggling countries, both for governments and for banks. This has in turn led to a balkanisation of national financial markets and threatens not only the European monetary union but the European integration project as a whole.
Only by breaking the link between the refinancing of banks and the solvency of national governments will it be possible to stabilise the supply of credit in crisis countries.
They’re right, of course. But the Sinners clearly have the upper hand in German public opinion.
Meanwhile, Spanish 10-years are above 7 percent; all the gains from the summit have been lost.
I’m finding it ever harder to spin out plausible scenarios in which the euro survives."

Zero hedge was very excited Monday morning.



.

No comments:

Post a Comment