Monthly Archives: April 2016

Japanese Population vs Interest Rates vs Government Debt


A flat to declining number of buyers and consumers opposite ramping elderly sellers plus their unfunded liabilities is a problem with no happy resolutions.


“Japan’s plan to monetize likely well in excess of 100% and maybe ultimately 1,000% or 10,000% of GDP is a curious solution…”

Source: Hambone’s stuff: Simultaneous Elderly Overpopulation, Youth Depopulation & The Impact on Economic Growth

Solar is now cheaper than coal, says India energy minister

Energy minister says power realities are changing fast, predicting a fast uptake in solar energy despite concerns over baseload and storage


Source: Solar is now cheaper than coal, says India energy minister | Climate Home – climate change news

“Of course there are challenges of 24/7 power. We accept all of that – but we have been able to come up with a solar-based long term vision that is not subsidy based.”

In the past financial year, nearly 20GW of solar capacity has been approved by the government, with a further 14GW planned through 2016 according to the Union Budget.

Capital costs have fallen 60% in the past four years and could drop a further 40% reports Deutsche Bank, which said in a report last year solar investment would overtake coal by 2020.

Make way for the Sun, Deutsche-Bank (pdf)

Solar energy prices hit a new record low in January with the auction of 420 megawatts in Rajasthan at 4.34 rupees a kilowatt-hour. In comparison coal tariffs range between 3-5 rupees/kWh.

Netfail – NFLX Forecasts Slower Subscriber Growth, Burns $1BN In Last 12 Months

Instead of guiding to or above the consensus estimate of 3.45 million subs, Netflix disappointed dramatically and now anticipates only 2 million international streaming net adds, down from both the 2.37 mm a year ago, and certainly from the 4.51mm net adds last quarter:

NFLX intl subs_0

Subscriber growth is slowing.


NFLX burned through over $1 billion in cash in the past 12 months and has increasingly less growth to show for it.

NFLX Cash Flow_q12016

Down 11% overnight and into today:


The Best (And Worst) States To Avoid Income Taxes

Source: The Best (And Worst) States To Avoid Income Taxes

This chart lets you compare the effective state tax rates of a household earning the U.S. median of $36,841 in adjusted gross income with a household earning $1,860,848, just enough to enter the top 0.1%.

Some have progressive tax systems, where top earners pay a higher marginal rate on their taxable income than those who make less.

Eight states have a flat tax, applying the same percentage levy across all incomes.

Three states actually have regressive income taxes, where the mega-wealthy pay a lower percentage of their taxable income than those in the middle.

And nine states have no income tax at all.

Venezuelans get Fridays off for two months in emergency plan ‘to save energy’ | The Independent


Venezuelan workers will get Fridays off in the months of April and May, in a bid to save energy in the black-out hit country, the president said.  President Nicolas Maduro said Venezuelans will have “long weekends” in an appearance on state television on Wednesday night, announcing the measure as part of a 60-day plan to fight a power crunch.

Source: Venezuelans get Fridays off for two months in emergency plan ‘to save energy’ | Business News | News | The Independent

Electricity sector in Iceland

Over 80% of electricity in Iceland is generated in hydroelectric power stations. The largest power station isKárahnjúkar Hydropower Plant (690 MW) for the production of aluminum. Here are close canyons of Hafrahvammar.



According to Statistics Iceland the total electricity consumption was 7,958 GWh in 2002, 11,480 GWh in 2007, and 17,068 GWh in 2012.[3] The aluminum industry in Iceland used 71% of produced electricity in 2011.[4]

The electricity supply and consumption were equal in 2008: 53.1 MWh per inhabitant when the European union (EU15) average was 7.4 MWh. Iceland’s consumption of electricity was seven times higher than EU 15 average in 2008. The domestic electricity supply promotes use of electricity.[2]


Iceland’s electricity is produced almost entirely from renewable energy sources: hydroelectric (70%) and geothermal (30%).[5] Less than 0.2% of electricity generated came from fossil fuels (in this case, fuel oil).[5] In 2012 there was no wind power installed in Iceland.[5] Electricity production increased by 24 MWh/person from 2005 to 2008, an increase of 83%.[2]

Source: Electricity sector in Iceland – Wikipedia, the free encyclopedia