Money Matters - Part 12

Lower Hudson Valley, NY(Zone 6b)

Yes - here there was a 15 yr moratorium on property tax hikes based on the solar. Hopefully, they will extend it.

Summer is not the best output, Rose. Higher temps equal lower efficiency, so lower output. I get the best output in spring. Ideal is sun high in the clear sky, but with lowest possible temps.

Anne Arundel,, MD(Zone 7b)

I imagine the sellers give you 'ideal' output numbers.

Lower Hudson Valley, NY(Zone 6b)

My guy was great. My output has exceeded his numbers.

Fairfield County, CT(Zone 6b)

:)

Lower Hudson Valley, NY(Zone 6b)

And this will make my investment even more valuable:




Last week the U.S. Energy Information Administration reported a shocking drop in power sector coal consumption in the first quarter of 2012. Coal-fired power plants are now generating just 36 percent of U.S. electricity, versus 44.6 percent just one year ago.

Last week PJM Interconnection, the company that operates the electric grid for 13 states (Delaware, Illinois, Indiana, Kentucky, Maryland, Michigan, New Jersey, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia and the District of Columbia) held its 2015 capacity auction.

The market-clearing price for new 2015 capacity – almost all natural gas – was $136 per megawatt. That’s eight times higher than the price for 2012, which was just $16 per megawatt. In the mid-Atlantic area covering New Jersey, Delaware, Pennsylvania, and DC the new price is $167 per megawatt. For the northern Ohio territory served by FirstEnergy, the price is a shocking $357 per megawatt.

Why the massive price increases? Andy Ott from PJM stated the obvious: “Capacity prices were higher than last year's because of retirements of existing coal-fired generation resulting largely from environmental regulations which go into effect in 2015.” Northern Ohio is suffering from more forced coal-plant retirements than the rest of the region, hence the even higher price.

These are not computer models or projections or estimates. These are the actual prices that electric distributors have agreed to pay for new capacity. The costs will be passed on to consumers at the retail level.

Huron, OH(Zone 5b)

there goes my bil!

This message was edited May 24, 2012 7:19 PM

Lexington, MA(Zone 6a)

Wow. I think I see some Ohio college tuition hikes on the horizon. Oberlin has geothermal energy in some of its newer buildings, though.

Having spring as the best output period for solar energy does make sense. The salesperson's charts told us summer on the basis of New England being cooler than the southern states such as Texas, and saying we have more clear days, and longer sun around solstice in summer. I don't know if there's a regional difference compared to mid atlantic states, since we might be a little cooler. Our growing season is a bit shorter.

We still haven't had our free energy audit.

Anne Arundel,, MD(Zone 7b)

THoseelectricity prices are truly shocking.

We need new non electric hobbies; here's one idea
http://www.britishpathe.com/video/flower-pots-from-logs-issue-title-is-ladies-first

I'm sure this will overtake Tupperware and Bunco parties in popularity- (snort)

central, NJ(Zone 6b)

LOL

central, NJ(Zone 6b)

Was shopping for a fancier dress for my daughter for her k garduation, was at Kohl's everything was on sale but the regular prices were INSANE!!!
For a little girls dress(and not for a wedding) $58!!!!!!!!!! really what the heck...so I remembered the little consignment shop in town... found the perfect dress $2.50 baby!!!!!!!!!!!
yes you read that right 2 dollars and 50 cents!!!!!!!!!!!!!!!! woo hoo!!!!

Salem Cnty, NJ(Zone 7b)

Awesome, Jen. I love thrifting!

Lower Hudson Valley, NY(Zone 6b)

Kids clothes are ridiculous. Shoes too.

Anne Arundel,, MD(Zone 7b)

Ditto Kohl's prices. Ditto thrifting! Especially for kids clothes. Congrats Jen!

Lower Hudson Valley, NY(Zone 6b)

Horrible job numbers. Just 70K jobs added.

Lower Hudson Valley, NY(Zone 6b)

Don't look at the market numbers. In addition to the pathetic May jobs number, the already disappointing April number of 115K was revised down to just 77K. How are they off by so much?!! That is a 33% decrease.

So.App.Mtns., United States(Zone 5b)

Market is down, thanks to the employment numbers.

Lower Hudson Valley, NY(Zone 6b)

More like 'lack of employment' numbers.

Lower Hudson Valley, NY(Zone 6b)

As I posted about many months ago, slowing economy in China is a huge negative hanging out there.

Sacramento, CA(Zone 9a)

Have you guys heard about the invesment strategy "Sell in May and go away"? Here's a quick Wikipedia entry on it: http://en.wikipedia.org/wiki/Halloween_indicator

I'm starting to think that there might be something to this and that my "buy and hold" (more or less) strategy might not be the best way to invest.

Lower Hudson Valley, NY(Zone 6b)

Yes, that's an oldie. I have sold most of my stock holdings over the last number of months so I am waiting for a big drop.

Lower Hudson Valley, NY(Zone 6b)

Wow - the yield on German bonds actually went negative today. So people paid to lend Germany money!

Fairfield County, CT(Zone 6b)

Re: unemployment numbers: One of our employees is retiring and the young turk at the office in charge of human resources decided to send the job off shore instead of hiring a replacement. We keep getting 30 year olds put at the helm of the ship and they do nothing but reduce head count by sending jobs off shore. They went to good schools without student loans, got MBAs and had connections to get into a big corporation in management positions right after school. They think that the bottom line is the ONLY thing that matters - not quality - not customer service - not people - not history. It is a sad, sad state of affairs.

Lexington, MA(Zone 6a)

Hey sox, I share your sentiment. I actually split the difference and only sold some stock this year. If the stock yields high dividend payments, it is worth the risk to try and keep it, in my view. I think it's all about how much risk one can tolerate. I had to keep something safe for kid education, which is a short time window.

Lower Hudson Valley, NY(Zone 6b)

28 year low for Japanese stocks. Yikes.

Lower Hudson Valley, NY(Zone 6b)

Talk about a dire warning:


"The warnings from the bond markets could hardly be clearer. German 10-year Bund yields closed at 1.17pc. The two-year notes turned negative. British Gilts closed at 1.53pc, the lowest in 300 years. US Treasuries fell to 1.45pc, lower than at any time during the Great Depression."

Lexington, MA(Zone 6a)

Indeed, it is a myth to think bonds are a safe investment. Still, it is unclear to me exactly what this portends besides market jitters while the Euro is in question.

Lower Hudson Valley, NY(Zone 6b)

More than jitters. A breakup of the Euro will be huge. It is not limited to Europe. To boot, China and India are slowing greatly, unlike during the crisis of '08 when they kept chugging. There is a good chance in my opinion that we may be in for a bigger jolt than four years ago. And don't forget the confluence of bad news in this country. Terrible job numbers. Anemic GDP growth and the fiscal time-bomb at the end of the year.

This message was edited Jun 4, 2012 7:47 PM

Anne Arundel,, MD(Zone 7b)

Ugh.

Lexington, MA(Zone 6a)

I'm not sure about that Victor, nor am I sure about anything with the market. Economic growth is slowing, clearly, but still growing, though at slower pace internationally. There's a lot of alarmist press out there because that sells the papers, in my opinion. An important reason for the low job figures in May is that there's a bump of people entering the job market. Many retirees wait until end of June to retire, also. I'm hoping we are having a market correction.

Lower Hudson Valley, NY(Zone 6b)

On the contrary, the state of the economy is greatly underreported in this country. Try to find a story about the situation in China in any major paper or network. You have to dig into alternative sources, not newspapers. Who buys newspapers anymore anyway? No one, especially not younger people.

With all due respect, I think you are totally off on the job numbers. Labor participation rate is horrendously low. That is why the unemployment rate is so artifially below where it would really be. And the underemployment rate is in the high teens.

Huron, OH(Zone 5b)

not too many are adding jobs as companies have found they can do with less people

Lower Hudson Valley, NY(Zone 6b)

I think that can only go so far. I think the main reasons they are not hiring are that, a) they are not convinced the economy will grow steadily anytime soon, and, b) they have so many uncertainties on the expense side - taxes, healthcare mandates, regulations, etc.

This message was edited Jun 4, 2012 8:13 PM

Huron, OH(Zone 5b)

I agree, I think they are not sure enough of growth to add people.

Lower Hudson Valley, NY(Zone 6b)

Facebook is under 26. Some poor sucker bought it at 45!

Lower Hudson Valley, NY(Zone 6b)

If you don't mind the long commute...

http://www.ft.com/cms/s/0/92108d0a-b13b-11e1-9800-00144feabdc0.html#axzz1xJHZVcdF

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