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I have been saving up several articles to discuss regarding the housing market and what I deem as a very scary housing bubble. While the bubble itself is slightly in question, the severity of it is what brings out the largest doubters. I will save to write on that issue for later blogs, but let me start off with this chart from the WSJ of the US Housing Prices Index. It speaks for itself.  Anther great example of how the Chinese cannot decouple from the US that easily. As the US drives first world expectations from the world newest approaching first world economy, we see a similar situations to the markets; if the US market falls, so will China. This article points out that Chinese companies are losing orders and even passing on orders from the US due to increased scrutiny of product safety. If the next step is decreased demand from the US due to a recession, China will feel the same pain. Thanks to Michael for this CNN article pointing out the push that Iceland is making in terms of reducing their reliance upon fossil fuels. Iceland already has an abundant amount of natural resources such as waterfalls, volcanos, geysers, and hot springs that provide Iceland with energy and hot water. Now they are reducing their reliance upon Oil by pushing into the hydrogen car market. Auto manufacturers plan on using Iceland to test out hydrogen car prototypes. This will work well in a country which has an abundant amount of water and electricity, the main requirements for a hydrogen fuel cell. I would love to put Iceland on my list of places to visit soon. The innovation and effort there sounds quite intriguing and I would love to see the hydrogen stations and cars in effect full-time rather than just on a few test cars like we see in the states.  Even if you think you know your favorite candidate already, I suggest trying out this Candidate Calculator to see who should vote for. I was surprised to find out (albeit on only a quick run through of the issues) it said the candidate best matching my view on the issues is Mitt Romney. I actually do not know the candidate that well, so I am going to go through his views and see if I really do like him or not. I think it is probably correct, however the poll is a bit vague and I might have voted the opposite on a few issues depending on my interpretation of what I was voting for. |
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