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By James West
MidasLetter.com
Thursday, July 2nd, 2009
For some companies, the global recession will be a catalyst for enhanced growth. Sierra Geothermal Power Corp. (TSX.V:SRA) expects to capitalize on the renewed impetus for green power sources that both the recession and the election of Barack Obama have inspired.
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By Chris Reidy
Boston Globe
Thursday, July 2nd, 2009
Venture capital investment in green technologies totaled $1.2 billion in 85 deals in the second quarter of 2009, up from $836 million in 59 deals in the first quarter, Greentech Media Inc. said.
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By Matthew Garrahan
Financial Times
Thursday, July 2nd, 2009
California is preparing to issue IOUs to its creditors this week as it grapples with an unprecedented cash crunch and prepares to begin its new fiscal year deep in the red.
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By Les Christie
CNN Money
Thursday, July 2nd, 2009
The housing bust has finally clobbered super-pricey Manhattan home prices.
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By Gary Duncan
TimesOnline.co.uk
Thursday, July 2nd, 2009
Gordon Brown’s hopes of using an economic recovery to forge a pre-election fightback suffered a blow as official figures showed that the recession will be even deeper and longer than already feared.
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By Sang Yong Park and Leslie Young
Wall Street Journal
Thursday, July 2nd, 2009
Just as the international community began to take environmental issues seriously, the global financial crisis hit and arrested national leaders' attention.
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By Pav Jordan
Reuters
Monday, June 29, 2009
Canada's Magma Energy Corp, a geothermal power company active in the western United States and South America, has raised C$100 million ($87 million) in an initial public offering taken up by investors around the world, sources close to the deal told Reuters.
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By GreenBiz Staff
Reuters
Monday, June 29, 2009
Siemens is expecting $8 billion in new orders for green technology due to government stimulus programs from around the world.
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By James West
MidasLetter.com
Monday, June 29, 2009
If ‘green shoots’ means fewer banks, then there’s definitely such signs of economic springtime in abundance.
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By Peter S. Goodman
New York Times
Monday, June 29, 2009
LOS ANGELES — Somewhere on earth, there must be a more difficult task than this: persuading American mortgage companies to lower payments for homeowners who can no longer afford their loans. But as Karina Montenegro struggles to accomplish this feat for a troubled borrower, she strains to imagine a more futile pursuit.
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By James West
MidasLetter.com
Friday, June 26, 2009
Nary a week passes without some new analyst report recommending Ventana Gold (TSX:VEN) as a ‘Buy” at prices exponentially higher than the last week.
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By Frank Ahrens
Washington Post
Friday, June 26, 2009
Fed Chairman Ben Bernanke just wrapped up more than three hours of grilling at the hands of a hostile House Oversight committee digging to find out if Bernanke forced Bank of America chief executive Ken Lewis to go through with a merger with Merrill Lynch and if he tried to cover up his tracks.
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By Peter Garnham
Financial Times
Friday, June 26, 2009
The People’s Bank of China repeated its call for the world to cut its reliance on small set of reserve currencies on Friday.
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By Andrew Ross Sorkin
New York Times
Friday, June 26, 2009
In the world of derivatives, profits for the dealers come from complexity and secrecy.
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By Ruth Simon and James R. Hagerty
Wall Street Journal
Friday, June 26, 2009
Rising unemployment is complicating the Obama administration's effort to reduce foreclosures and stabilize the housing market.
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Associated Press
Friday, June 26, 2009
SYDNEY (AFP) – Australia's Qantas cancelled a three billion US dollar order for 15 of Boeing's troubled 787 Dreamliner aircraft, citing a marked deterioration in the global economic environment.
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By James West
MidasLetter.com
Thursday, June 25, 2009
The business model of the Canadian resource-based public company varies little. Search, discover, develop, extract and sell. But for Sandstorm Resources Ltd (TSX.V:SSL), the ingenuousness of a novel approach to finance is a rare opportunity to participate in a mid-tier business model at a start-up price.
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By James Fallows
The Atlantic
Thursday, June 25, 2009
Nouriel Roubini, the New York University economist who accurately forecast the bursting of the housing bubble and the resulting economic contraction, has become famous for his pessimism—he has been the gloomiest of the doomsayers.
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By Greg Robb
MarketWatch
Thursday, June 25, 2009
First-time filings for state unemployment benefits rose unexpectedly in the latest week to reclaim the highest level for this key economic benchmark since the middle of May, the Labor Department reported Thursday.
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By Chris Watling
Financial Times
Thursday, June 25, 2009
With the sharp falls in commodities prices in the second half of 2008, investors are questioning the concept of the commodity super cycle and the rationale for investing in that asset class.
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By Anthony Faiola
Wahington Post
Thursday, June 25, 2009
The days of calling the dollar almighty may be numbered.
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By James West
MidasLetter.com
Thursday, June 25, 2009
The U.S. Federal Reserve's Federal Open Market Committee released a statement today indicating continuation of near-zero interest rates and affirming its intention to buy at least $300 billion of Treasury bonds this year.
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 Commentary | Archive |
By James West
MidasLetter.com
Thursday, June 25, 2009
I like Barack Obama. I like his sincerity, his thoughtfulness, his compassion, and his humanitarian priority. I like his calm resolve, and his humility. But I don’t think he’s going to succeed in staunching the hemorrhaging of the global economy that is now approaching all published definitions of “depression”.
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By James West
MidasLetter.com
Wednesday, June 17, 2009
What is the significance, you may wonder, of the Russian Finance Minister suggesting the reserve currency days of the U.S. dollar are surely numbered, followed the next day by a statement from his deputy contradicting him thoroughly?
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By James West
MidasLetter.com
Tuesday, June 9, 2009
In February, I went on Canada’s Business News Network (BNN) and proclaimed on national television that gold would be $1,500 by summer. Yesterday, host Andy Bell asked me if I thought gold still had a chance of hitting $1500, to which I replied that I thought it was not a matter of if, but when.
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By James West
MidasLetter.com
Monday, May 25, 2009
Here we go again. The forces of legitimate money versus the incumbent purveyors of the candy floss economy squared off at the $1,000 an ounce line over which yet another battle will be fought.
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By Keith Schaefer
OilandGas-Investments.com
Wednesday, May 20, 2009
One of the two most important technologies in the development of the natural gas market in the last few years is “multi-stage fracing” (pronounced “fracking”), which is short for fracturing, as in fracturing the rock in which the oil and gas is held. (The other technology is Liquid Natural Gas, or LNG).
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By James West
MidasLetter.com
Friday, May 15, 2009
All the glad-handing, back-slapping self-congratulatory accolades the Obama administration and Wall Street are heaping upon themselves in the press is scant comfort for the vast majority of citizens now unemployed and of no fixed address. For them, this economic crisis isn’t so much a temporary crisis as a permanent redistribution of wealth and living standards representative of a downgrade in the quality of life.
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By James West
MidasLetter.com
Friday, May 1st, 2009
The irony of the emergence of a Swine Flu pandemic amidst an economic contraction brought on by glutinous gorging on credit and real estate in the United Casinos of America is surely not lost on barbed minds.
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