The U.S. Army will begin construction this week at Fort Huachuca, Arizona on the U.S. Department of Defense’s largest solar project to date. When completed in late 2014, the solar array will be able to generate 25 percent of the base’s electricity needs.
Chinese manufacturing remains in contraction for 2014. Output and new orders were down for the 4th consecutive month, but at a slightly reduced pace according to the HSBC Flash China Manufacturing PMI.
Two of the largest mining operations in the world happen to lie right next to each other, just south of Salt Lake City, Utah. The resources mined in each location are so deep and scattered on so vast a scale that their extraction requires the use of extremely large and powerful machinery.
We are seeing another bounce in the market as economic data continues to come in ahead of expectations. Currently, technical measures and economic releases are giving conflicting signals. This may be the beginning of another turning point in the market like we saw last year.
The international monetary system has collapsed three times in the past 100 years: in 1914, in 1939, and in 1971. Each collapse was followed by a period of turmoil: wars, civil unrest, or significant damage to the stability of the global economy. The next financial collapse will resemble nothing we've seen in history.
The National Association of Realtors reported that sales of existing homes fell 0.2 percent in March to a seasonally adjusted annual rate of 4.59 million units as there appears to have been no spring rebound in home sales after the severe winter weather that saw home sales slow sharply last December. Unfortunately for buyers, home prices continue to rise.
The Latest Conference Board Leading Economic Index (LEI) for March is now available. The index rose 0.8 percent to 100.9 percent and the five previous months were revised upward (2004 = 100). The latest number was above the 0.7 percent forecast by Investing.com.
For a short while it seemed that nuclear power was going to see a revival. Then Fukushima happened and public sentiment once again turned sour, with many government leaders around the world shutting down their plants. However, as fears caused by the Fukushima incident begin to fade, Marin Katusa says that the bullish factors for nuclear energy are starting to resurface again.
As evidence continues to emerge that U.S. labor markets are gradually healing and wage growth is starting to stabilize, market participants as beginning to consider the possibility that inflation in the US has stabilized, albeit at low levels. Other signals seem to pint in the same direction.
Those who think a collapsing currency are a sure-fire way to increase exports need to rethink their beliefs. Japan has 50 nuclear reactors. Every one of them is offline. Abe wants to bring them back online, but the Financial Times reports "analysts think that at most 12-15 of the reactors will ultimately be restarted."