(via Shale Wealth Spreads Halfway Around the World to Poor Indian Farmers Growing Beans for Fracking)
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Pretty cool stuff. I’m starting become intrigued with fracking. I do know that it’s an environmentally unfriendly process, but if it creates jobs for a slumping economy, I see it hard for environmental concerns to halt progress.
(via CARPE DIEM: Chart of the Day: Energy Shares Through 2030)
“Bottom Line: BP’s projections for energy shares through 2030 is more evidence that a new world energy map is emerging thanks to advances in drilling technologies like fracking and the abundance of natural gas, and the new energy map will be increasingly centered not on the Middle East but on the Western Hemisphere asDaniel Yergin pointed out recently in the Washington Post.”
China Lays Out Economic Policy for 2012 - WSJ.com
This is a secular bullish tidbit. The global restructuring is taking place.
While it will take a period of time, there is a secular transformation taking place, which will yield superb opportunities in the years to come.
In the meantime, strap on your seat beats as it looks to be a wild ride in 2012.
(via U.S. Manufacturing Profits Remain Strong in Q3; Manufacturing Continues to Outpace the Economy)
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If not interrupted by trade wars, manufacturing will continue to benefit from a secular transition. Emerging markets will require their demand to be quenched.
Obviously, there are lots of risks that may derail this view, such as protectionism and/or increasing geopolitical tensions. Both these risks may be front and center in 2012.
—-(Pic Above “If Rational Capitalist Speculator were a Dictator”)
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Here’s why.
America looks like it may become a manufacturing nation once again as the “Manufacturing Renaissance” I’ve been speaking about begins to occur (See “Industrial Production” section). Make sure you encourage your kids to study engineering or specialized manufacturing services. Sheesh! I wish I could buy some Detroit real estate.
Link Between Earthquakes and Hydraulic Fracturing Confirmed | NEW$ TO U(SE)
I had been mentioning how natural gas could be the next big thing. Well, here’s a bearish point to that train of thought.
Making fuel out of thin air - CNN.com
It’s far off, but I believe that this will be a secular bull type of catalyst.
EU's Rehn Calls for G20 Action on Currencies to Help Eurozone |
This (click on title for story) is a true green shoot.
Leaders are finally recognizing that a global restructuring needs to take place in order for the world economy to move forward. This may lead to increased pressure on China to accelerate the appreciation of the Yuan. The country holds the key to unlocking the next phase of growth.
While China is the elephant in the room in regards to rebalancing their economy, I think Germany can take some steps as well. Countries that have large current account surpluses must take steps to re-balance their economies.
The Cannes G20 meeting is in November, hopefully we’ll get some substance behind the rhetoric.
—Obama’s speech yesterday from Detroit. —(Click on Pic for full article)
Here’s a little nugget I wrote roughly 6 months ago.
Not bad eh?
China to establish seniors’ pensions by 2015 - MarketWatch
Secular Bull Update: These are exactly the types of policies I want to see coming from China. Social Safety Nets are one of the main ingredients to formulate a self-sustaining consumer led recovery.
Back To Work — Special Report — Senior Citizen Explosion Could Be A Job Creator - CNBC
A good secular force behind job creation. Never thought of it. Makes perfect sense to me.
We can't rely on oil prices or QE to save us from this mess - Telegraph
Great article in that it contains various themes that I’ve touched on before. The main crux behind my dollar bullish call, is that QE is actually a further long-term impediment to the global economy. Policymakers will see this in due time and the monetary stimulus will end. If it doesn’t, commodities will keep rising in nominal value and will act as a “semi-permanent” cap on economic growth.
This dynamic will also lead a shift to the primary source of the secular bull market in the years ahead. Alternative Energy.
