Economics

By Sophie Vorrath on 11 July 2013

The report on India Renewables, Good bye winter, hello spring, published on April 30, says the growing cost-competitiveness of renewable energy with new-build coal – and the arrival of wind parity, despite the upper wind FiT range being around 15 per cent lower than the upper tariff range for new coal capacity (see chart 3 below) – is helping to drive strong renewables growth on the sub-continent.

India’s share of renewable generation in the total electricity mix increased to around 6 per cent in the 2012/13 financial year – an amount the government is hoping to grow to 20 per cent by the end of 2020, to help meet the nation’s a peak power deficit of 12GW, or around 9 per cent of its demand....

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J. Kyle Bass, a Dallas-based investor, forecasted the mortgage bubble and the European collapse. But what happens if his third prediction comes true?

texasmonthly.com - by Paul McDonnold - May 7, 2013

J. Kyle Bass has a knack for forecasting economic trouble. Back in 2006 the Dallas-based investor observed that there was a seemingly unstoppable market for sub-prime mortgages. But research convinced him the market was wildly overvalued, that it was a quasi-pyramid scheme built on low interest rates, inflated home prices and bundles of shaky loans made to people who couldn’t really afford the payments.

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By John O'Donnell and Robin Emmott

June 26,2013 Reuters

BRUSSELS (Reuters) - The European Union agreed on Thursday to force investors and wealthy savers to share the costs of future bank failures, moving closer to drawing a line under years of taxpayer-funded bailouts that have prompted public outrage.

After seven hours of late-night talks, finance ministers from the bloc's 27 countries emerged with a blueprint to close or salvage banks in trouble. The plan stipulates that shareholders, bondholders and depositors with more than 100,000 euros ($132,000) should share the burden of saving a bank.

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Image: Peter Schiff

ivn.us - October 28th, 2012 - W. E. Messamore

Do a YouTube query for “peter schiff was right” and you’ll find dozens of videos with montages of the investment broker and financial commentator making accurate predictions about the financial crisis that struck in 2007 while other analysts not only disagree, but insinuate that Schiff’s predictions were completely nuts.

In one particular video, uploaded in November of 2008 and clocking in at over 2 million views, it’s easy to see what an independent voice Peter Schiff is in the realm of economic analysis and forecasting. Schiff– a Republican who sought out his party’s nomination during Connecticut’s 2010 U.S. Senate race, a self-described capitalist who believes in free-market economics, and who says he’s proud to be a member of “the 1%”– spends most of that particular video montage arguing with many respected Republican analysts as they deride his predictions and say that the economic boom would continue with no end in sight.