Saturday, September 24, 2011

Saturday Randomosity! Solyndra, Refinancing, Amazon, the Dodgers!

  • imageIs Solyndra scandal a threat to the solar industry"A green jobs-fueled recovery is a theory, and is yet unproven. There is a lot more green, in the way of cash, and a lot less energy and jobs than anticipated," Rep. Darrell Issa (R-Calif.) declared this week, adding that, "It is reasonable to predict that we could have the collapse of the entire solar panel manufacturing business in America."  Well, it’s a problem when the sun doesn’t shine 24x7x365.  And it’s not cost effective at this point.
  • 30-yr. rates under 4%?  The Federal Reserve’s latest effort to prop up the economy has dropped mortgages into once unthinkable territory, with 30-year fixed-rate loans available for less than 4% — a record low.  Yeah, but banks won’t loan to folks with an upside-down mortgage. "The phone is ringing off the hook with people who want to refinance," said loan officer Darin Hardin at Premier Mortgage Group in Ladera Ranch. "But the property values just aren't there."
  • But if you can refinance and free up some monthly income for something else, why not buy the Los Angeles Dodgers?  MLB asks judge to order sale of Dodgers!
  • U.S. and China pressure Europe on debtbefore it risks causing bank runs and pushing the global economy into ruinous recession.  (Hey, when is someone going to pressure us, the U.S., on debt?)  "The threat of cascading default, bank runs, and catastrophic risk must be taken off the table, as otherwise it will undermine all other efforts, both within Europe and globally," U.S. Treasury Secretary Timothy Geithner said.  In other words, no one wants to see Europe turning into the LA Dodgers.
  • Amazon ($AMZN): New Kindle rumors.  Release Sept. 28th in NY.  My thoughts?  If the price point is right, Amazon will sell a ton of them.  As long as folks can surf the web, check email, and log on to Facebook, it will do what most folks need it to do.  Oh, and play Angry Birds.  It. Must. Play. Angry. Birds.
  • Have a great Saturday!  Football time!

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