Spain Ejects Clean-Power Industry With Europe Precedent: Energy

Not a good day for the greens. Without subsidies, the green industry simply can’t continue in Europe.

Spanish renewable-energy companies that once got Europe’s biggest subsidies are deserting the nation after the government shut off aid, pushing project developers and equipment-makers to work abroad or perish.

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Weisenthal: “It really is all about Spain….The buzz is that Greece is an afterthought and that the Euro either lives or dies based on the immediate response to Spain.”

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Brandt: The Gold market is on the verge of declaring its next $250 move…

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Taleb says that while Europe has similar problems, it is in much better shape than the United States. The centralized government of the U.S. is scary to Taleb. He favors Europe because if there is a breakup, it will splinter into many smaller currencies.

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Spain is facing the gravest danger since the end of the Franco dictatorship as the country is frozen out of global capital markets and slides towards an epic showdown with Europe.

Read the article here.

Casey Research is out with a nice piece about gold and gold stocks.

Read the article here.

When consuming information, we strive for more signal and less noise. Intuitively we feel like the more information we consume the more signal we receive. While this is probably true on an absolute basis, Nassim Taleb argues in this excerpt from his forthcoming book, Antifragile, that it is not true on a relative basis. He contends that as you consume more data, and the ratio of noise to signal increases, the less you know what’s going on and the more inadvertent trouble you are likely to cause.

Read the article here.

Had the pleasure of seeing Doc pick many times, but my favorite would have to be at Merlefest, named for his late son, Merle Watson. Doc was a huge influence on my playing. He played so simply, nothing fancy, and it always sounded just right.

If there is anything good to be said, it is that Earl and Doc are probably tearing it up right now, and I bet Doc can finally see.

Read the NYT piece here.

http://www.youtube.com/watch?v=XdUrg2Cqxdw

Weisenthal acknowledges the poor performance posted in today’s Case-Shiller index but decides that once the data is “unpacked” that “housing is bottoming.”

Read the article here.

Read the bizarre story of convicted bomber and perjurer Brett Kimberlin successfully winning a suit so that a blogger is no longer allowed to write about Kimberlin’s criminal past.

Read the article here.

Listen here to the band’s first album in nine years.

Read the Rolling Stone article here.

How do we know if we are where it’s at? Tarleton Gillespie explores the controversy over Twitter Trends and the algorithmic ‘censorship’ of #occupywallstreet.

Read the article here.

Gallup is out with a new poll showing that Romney is destroying Obama with male veterans.

See Gallup’s polling results here.

More equivocation? Did he just add context to his comment? Or is he truly sorry?

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Four German retirees, who are all between 61 and 80 years old, reportedly bound and gagged their financial adviser, broke two of his ribs while savagely beating him, drove him in the trunk of their car to a lakeside house where they’d prepared a basement cell and forced him to sign papers stating he would refund their investments.

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(Reuters) – The United States is well poised to withstand any fallout from Europe’s escalating debt crisis, a top Federal Reserve executive told the Wall Street Journal.

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Policymakers have quietly given up trying to cut ­carbon dioxide emissions…

Bob Carter with an alternative view of the most cost-effective way to deal with the hazards of climate change.

Read the article here.

Tadas presents the case for a new secular bull market. One of his considerations is thought-provoking:

One could also argue that (secular) bear markets don’t end in panic, but rather in disgust and there seems to be plenty of disgust in the stock market to go around at the moment.

Read the article here.

Matt Stoller at Naked Capitalism on the announcement of Barofsky’s new book, Bailout. Stoller hopes the book my allow a new impression of Obama to emerge:

A true impression of Obama would be both devastating and hilarious.  It would also require a profound level of bravery and skill to showcase a picture of the first black President as a corrupt plutocrat.

Read the article here.