Hey, stop talking about me. Luckily still have my job.
Stock Market Sell off
- Thread starter Somedudeintn
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Hey, stop talking about me. Luckily still have my job.
paflyer
Final Approach
And the "rally" only exists because there's no other place to put money other than a 0.01% savings account or in a coffee can buried in the back yard.
Everskyward
Experimenter
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Everskyward
There are other places to put your money besides stocks or cash...
denverpilot
Tied Down
This is true. The casino is well stocked right now.
Very few one should trust though. Real estate maybe, but housing tenants appear to do nothing but trash things anymore, and commercial tenants are iffy in many real estate transactions a typical investor could afford. Do it in REITs and you're at the mercy (and fees) of a bunch of people you really have no reason to trust...
The system is awash with cheap money and still not finding things to invest in other than silly M&A deals in the casino. Which means bad things in the underpinnings. Almost anyone who wants to start a business really can right now, but you don't see too many taking out loans to try it.
They've run the numbers and they can't compete or can't get past the taxes or whatever. The risks on paper are too high for most, still. Against foreign labor competition... especially.
Chip Sylverne
Final Approach
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Quit with the negative waves, man.
And the bond market drops just as
And those who put more in in 2008 are waiting for a big capital gains tax cut.
and those who stayed in since 07 are back to even or slightly a head.
And those who put more in in 2008 are waiting for a big capital gains tax cut.
Checkout_my_Six
Touchdown! Greaser!
yup....I just sat it out....and bought a plane. 
Jimmy cooper
En-Route
Yes we are out of it! The people in the rust belt have known for at least twenty years that their jobs were not coming back, they re now overseas or gone by automation. Same with coal miners. They now knock the tops off mountains, throw the offal in the valleys and strip mine it with big excavators, requiring very few employees. Fly over West Virginia, easy to see. Part of my family had a furniture factory in the rust belt, employing 600 people. Could not compete with cheap labor in China, and most furniture sold here today is made in China. Anyone who says they will bring these jobs back is lying.
mscard88
Touchdown! Greaser!
Don't forget what the big coal companies do with the coal ash and the environment, let alone the water supply.
Jimmy cooper
En-Route
Yes, very true, and very little is done about it, ruining many streams , rivers, not to mention the huge damage the man made settlement ponds have caused, not built correctly, letting go , ruining homes, farm land, on and on. Coal is done for , it's a matter of time.
denverpilot
Tied Down
Unless you start building an awful lot of nuke plants, most of the west relies on coal for base electrical load. You could cover every square inch of land with wind farms and solar and never come close to the demand as humans continue to breed and spread out here. The numbers simply don't work to use the other stuff as base load handling in cold climates.
Out here, it's coal for base load and more coal and natural gas for peak loads and there is zero plan to change that without a massive change in nuclear power policy and a real plan for waste disposal that isn't at the whims of "start it up, shut it down" depending on political winds and hot air. Nuclear isn't something you can do in the average back and forth cycle between the two fake destructive political parties. You need decades to do it right.
But I'd love to hear your plan for coal being "done for" in the intermountain west. Heck, the cities of the coasts need it even worse than we do, but they do have *some* nuke plants. Old ones. BWR tech. Well known positives and negatives, but not anything new. Nothing like Canada with CANDU or the French stuff already online.
We are going to be burning fossil fuels at a continually higher rate in the west for a very long time to come. Massive wind farms have gone up, of course, but they haven't even busted 10% of needed load consistently for an entire year, and the wind doesn't always blow... costs are WAY higher than coal and natural gas plants still, even with economies of scale starting to help that industry significantly. Can't cover the entire continent from the Rockies to the Mississsipi in wind farms, and even if you could, we keep making more humans.
What's your magic replacement plan for coal? I'd keep an open mind and hear it, but you're kinda bad with numbers from previous discussions about such things.
Your plan must include replacement of the 90% base load that hasn't been covered and it has to work when the wind isn't blowing and the sky is overcast. In other words... winter. When humans will freeze to death without electricity.
Heck let alone freezing, most rural folks need electricity to run the well pumps. Water is a kinda useful item for humans, and not everyone lives where there's a municipal water system.
Natural gas is a cleaner replacement for coal.
Solar and wind can do a lot more but need storage system which none have.
If we ever invent a nuclear reactor that is self cooling on emergency shut down and wont contaminate upon worst failure mode that will be the ultimate solution.
Most likely we will continue to see a number of different solutions.
Solar and wind can do a lot more but need storage system which none have.
If we ever invent a nuclear reactor that is self cooling on emergency shut down and wont contaminate upon worst failure mode that will be the ultimate solution.
Most likely we will continue to see a number of different solutions.
azure
Final Approach
You are describing "passive nuclear safety" or better, "implicit nuclear safety", a feature of many if not most modern reactor designs. The problem is that there are no such reactors in this country on a commercial scale even in the planning stage - all existing commercial reactors use >50 year old designs and tend to have very ugly failure modes. And as Nate pointed out, these are not something you can start building and have up and running in a few years - the time to getting online is measured in decades.
Despite that, we need those old reactors for baseload - phasing them out at this point will mean ever heavier reliance on fossil fuels. Yet that appears to be the way we are going. Even large reactors like Diablo Canyon in CA are on the chopping block with no replacements in sight, thanks to the economics of operating a commercial nuclear plant and today's regulatory environment.
Jimmy cooper
En-Route
This rant reminds one of what went on when the automobile was introduced and the horse owners claimed they should be outlawed as it frightened their horses! coal is done for with the exception of the west where it's mined with big time equipment and that won't last long as new tech overtakes it. However invest in it if you are so inclined. Natural gas has already taken a big share of the burden and new energy is coming on strong. " clean" coal is filthy both to transport it and to burn it. Put a fork in it. It's done.as for nuclear, it's quite evident that after cherynobal and the poorly thought out plant in Japan , a new approach is needed. As Rickover said years ago, " to use nuclear to power the same old steam turbine is absurd. " end.
denverpilot
Tied Down
Okay Jimmy, so you have no plan, just your own "rants" and not the slightest clue about the numbers. Got it. Totally normal for you.
Here's a hint: Name a natural gas non-peak load plant built in the last three decades anywhere in the intermountain west.
Name one built anywhere if you like.
Name the coal or nuke plant it closes once its operational.
I'm not investing in anything, I asked you to show your work. You haven't.
mscard88
Touchdown! Greaser!
Big firm here in Birmingham, Drummond, that mines coal in this area. They're big in South America, forget the country, so may not be done yet, I dunno.
Recall a few years T. Boone Pickens said he was getting out of oil and into gas. It seems to make more sense, but the infrastructure needs updated/replaced. A lot of bad gas explosions lately.
Recall a few years T. Boone Pickens said he was getting out of oil and into gas. It seems to make more sense, but the infrastructure needs updated/replaced. A lot of bad gas explosions lately.