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
Humans just repeat the same old themes decade after decade. Today there is far more debt to service, thus greater financial impact on spending. Ask Walmart's CEO if he's noticed any change in consumer behavior while the U.S 10 years hits 5%.
Don’t forget in April of 2007 10 year hit 5.3% and by October of 2008 they were 2%.
