Juggling Dynamite

Faber made many useful observations in this interview this morning.

The U.S. stock market could “easily” drop 20 percent to 40 percent, closely followed contrarian Marc Faber said Wednesday—citing a host of factors including the growing list of companies trading below their 200-day moving average.

In recent days, “there were [also] more declining than advancing stocks, and the list of 12-month new lows was very high on Friday,” the publisher of The Gloom, Boom & Doom Report told CNBC’s “Squawk Box.”

“It shows you a lot of stocks are already declining.”

Faber said U.S. stocks are on the “high side” right now, despite Tuesday’s decline, and expectations are quite high, which can lead to big disappointments…

CNBC broke his appearance up into 3 segments of just over a minute each. Here is a direct video link to part 1.

Here is Part 2 and here is Part 3.

Faber doesn’t refer to Canada in this discussion, but his comments apply to the great white north in spades.  The Canadian stock market has been falling slowly over the past year, but presently remains dangerously overvalued on banks and REITS. The downside from here is easily as big (or bigger) as for the S&P 500.

Danielle was a guest today on The Financial Survival Network with Kerry Lutz talking about recent developments in the world economy and markets.  You can listen to an audio clip of the segment here.

How about on demand printing of solar cells? See: Paper thin printed solar cells could provide power to 1.3 billion people.
“The cost of solar power has declined dramatically over the past few decades, from $40 per watt in 1977 to $0.74 per watt in 2013. This trend is expected to accelerate as improvements in efficiency and new technologies come online. This is good news for citizens of developed countries who want to make the switch to a cleaner and increasingly cheaper energy source. The shift to solar may be most dramatic for those living in developing countries. Thanks to inexpensive printed solar cells, 1.3 billion people currently without electricity may be able to plug in for the first time.”

No wonder commodity prices are plunging. Not only is the indebted, global economy slowing, but the world is using less and less energy to do more and more all the time. Technology innovation is allowing the developing world to leapfrog conventional systems and infrastructure and go straight to the sun. Power to people, while cutting out traditional fees to brokers, producers and transporters. This is a world changer.

There are thousands of entrepreneurs and scientists working passionately on these solutions every single day.  Here is another:

All Solar Lights CEO Paul Hitchens discusses bringing solar lighting solutions to some of the poorest and most remote communities on earth. Here is a direct video link.