Two giant coal smokestacks at the former Nanticoke Generating Station were toppled this week near the north shore of Lake Erie, to make way for a new solar farm. Ontario Minister of Environment and Climate Change Chris Ballard explained that ending the use of coal for power generation in Ontario in 2013 was equivalent to taking seven million cars off our roads. Here is a direct video link.
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Cory’s Chart Corner
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The Kobeissi Letter @KobeissiLetterBREAKING: US margin debt jumped by +$112 billion in May, to a record $1.42 trillion.
This marks the 2nd consecutive monthly increase, totaling +$195 billion.
Margin debt has surged +$495 billion, or +54%, over the last 12 months.
Adjusted for inflation, this metric rose +7.9%_________________________
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