Juggling Dynamite

This world changing technology is available for order now, with US installations starting this summer, and Canadian in 2018. Like all new technology, prices will drop precipitously in the first few years as investors and early adopters help fund the transition for everybody else.

Tesla will begin delivering its first solar roof tiles this summer at a price point that could expand the U.S. solar market. Bloomberg’s Tom Randall explains how the tiles work, how they’re priced and why Elon Musk sees them as part of a solar-powered trifectaHere is a direct video link.

Nicholas Stern was commissioned to head the Stern Review on The Economics of Climate Change in 2006 (here is the report).  The conclusions urged the world to take immediate action and we are far behind in implementing the recommendations made. While the Stern Commission was criticized for being alarmist in its assessments in 2006, ironically they were too conservative:  climate impacts have compounded faster than predicted.  Fortunately technological advancements are also moving faster than most thought possible, and the ‘good growth’ prospects for transitioning the world to sustainable systems is too compelling for thinking people to deny.

Nicholas Stern chair at LSE Grantham Research Institute, discusses the state of the Paris agreement on climate change and the importance of the United States staying in the agreement. Here is a direct video link.

The 2008 debt crisis continues to plague the world economy. The next wave is likely to break along the fault lines of highly levered households in China, Canada, Australia, South Korea, Belgium, Norway, Sweden and others. Collectively these countries represent the economic weight of the US.  As in 2008, the cash crunch will be contagious.

Kingston University Economics Professor Steve Keen discusses the shortfalls of the European Union, why globalization must fail, and warns of major economies at risk of crisis. He speaks on “Bloomberg Surveillance. Here is a direct video link.