Deaths in nuclear vs coal/natural gas is very clearly in favour of nuclear.
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Deaths in nuclear vs coal/natural gas is very clearly in favour of nuclear.
Jantar from the 'Power Shares thread post 484
"Nuclear would be good for NZ if the units can be made small enough at an economy of scale. Westinghouse were working on a 360 MW unit which would have been a perfect size for us, but although it was supposed to licenced for production in 2010, it just quietly was dropped. The modern 1000 MW+ units are not suitable for NZ as we would not be able to provide both the base demand and the spinning reserve they would require."
From the Genesis Energy Thread PSE wrote:
"Nuclear power is a bad idea for NZ because one power station would be too large for our grid too handle, the largest should be around 250MW, that's why there are four 250MW rankine units at Huntly......"
Jantar on post 1553 of the Genesis Energy thread replied
"This is the number 1 reason why nukes are not suitable for NZ. The smallest economically commercial reactors are currently around 1000 MW with the most economic units around 1200 MW. Candu do have some smaller units like those at Darlington (880 MW and Bruce B (820 MW). However these are economic in that they produce weapons grade plutonium as well as electricity."
"The problem with large units is that as NZ is a stand-alone country, with no links to other generation sources, we must carry 100% of the reserve requirement for our grid internally. That means that for a single 1000 MW nuke we would also need 1000 MW of fast acting partially loaded spinning reserve (PLSR) that could fully replace the lost energy of a tripping in less than 6 seconds. To manage that we would need over 3000 MW of fast reacting hydro or gas fired peaker plant in the same island as the nuke. We do not have sufficient demand to maintain that 24/7."
"Smaller nuke plants are available, but these are generally for a specific purpose such as submarine propulsion, and not for commercial electricity production. Thorium reactors are being developed that may suit us sometime in the future."
The other issue not covered by Jantar is where you would build such a station and where you would put the waste? Building a Nuclear Power station around the 'ring of fire' is a hazardous exercise. They say Northland is the least earthquake prone region. But how that site would fit in with balancing other power stations I do not know. Then there is still the problem of finding somewhere stable underground to store the nuclear waste. There might be NIMBY issues with that.
SNOOPY
Poland has very recently announced nuclear SMR's to replace coal power plants.
https://www.powermag.com/smrs-may-re...l-supply-pact/
New SMR technology is very impressive and a lot safer than systems developed over 50 years ago.
https://nuclear.gepower.com/build-a-...rview/bwrx-300
As the reality of reducing dependence on fossil fuels becomes clear through energy shortages, technology like this is going to in big demand.
"KGHM said the agreement involves development and construction of at least four SMRs (Small Modular Reactors)', with the option of up to 12, for total installed generation capacity of about 1,000 MW.:
Four reactors with a generation capacity of 1,000 MW add sup to 250MW each. That is certainly the size range that might be of interest to a country like NZ.
SNOOPY
Oh dear - they said 50 years ago as well that nuclear reactors are safe. They have been wrong.
Quite funny that people who fight against a vaccine because it might have unknown long term effects are quite happy to advocate for an energy supply we know is unsafe and where we know that the waste will be dangerous for the next hand full of 100000 years.
How do they call this condition?
One earthquake might be enough. Oops - wasn't there just one in Melbourne?
Half-life of plutonium is something like 25,000 years. Quite a long time to keep any nuclear waste safe ... and after that time it is still radioactive, just only half as active.
Lucky us our forebears didn't pollute the planet in the stone age with plutonium, isn't it? We wouldn't be around if they would have done that.
Why are people so keen to pollute it now for future generations?
Can we get this thread back on subject please folks? Perhaps take the Nuclear stuff to another thread/forum.
Power grids should shut down known bitcoin mining servers. Should resolve this 'energy crisis'.
....Easy to point the finger at energy consumer on the 'fringe. While we are at it we can turn off video streaming services (30 mins 'flix equivalent to driving 6.4km, according to the Shift Project though that is under dispute, of course), and Google search engine....:) To be fair ASIC mining is pretty energy intense by comparison
Bitcoin mining has no practical use and is being used to launder money.
Its a disgrace to humanity.
Let me try. So with COVID-19 getting out of control and the implications that has for the financial performance of our country, I steeled myself for a solid drop in the value of my portfolio, all the time remembering what happened last year. Had another cup of coffee and checked just after lunch. Guess what...up by 5ishK.
Makes no sense at all to me.
You need something to do in lockdown... buy shares and property.
The all Ords is up about 4%; DAX is up about 10%; DJ is up about 18% since immediately prior to Covid. NZX50 (a gross index including gross dividends) is up 11%. Arguably the Aussies, Germans and Americans have had a tougher time (so far) from Covid too.
The FTSE100 is down about 5% but the Brits have had a hard Brexit to contend with too.
Evangrande has been suspended
USA govt impasse
Inflation rising
Int rates heading up
Perfect storm for energy crunches (China right now!!)globally and coal,gas,oil becoming very expensive.THIS is going to be a huge handbrake,choker imo.
Over priced stocks at high p e
China /Taiwan hostilities
Covid
Etc etc lots of volatility ahead imo,I'm selectively selling off some of my stocks.But I also need cash for an out of mkt investment.
Nearly every USA correction has been preceded by a spike in oil.But who really knows,not me.But pruning out the weaker stocks in one's portfolio and having some quality value stocks with good yields and plenty of cash on the side to pick up bargains ,says he hopefully.
Inflation is a reality
Whittaker’s Chocolate going up in price
And the slabs have been getting smaller.:sleep:
Yeah ,Cereal pkts etc etc.
The world has got it ass about face.Get rid of the carbon economy AFTER the green economy has been completed!
S&P 500 premarket up 1% (cnn forecast).
Americans let the elites get away with rather a lot. so valuations may be justified I think and more gains are possible.
It's what jesus would have wanted.
One could probably say it every week, but I reckon this week or next will give us a good indication to which way the medium term trend will head.
Key support just below on the S & P 500 at 4230 and resistance above at 4450. Which way will it break? Only time will tell.
As an aside, and following on from my comment last week, here's some more poetry in motion for you....
On the Log charts, the ATH (2/9: 4540) is pretty much a perfect fib 1.618 extension of the "Covid crash leg" off the 23/3/20 low!
Another reason for me that the current ATH certainly should earn some respect.
Bloodbath on the markets coming this way
Covid, stagflation, China blah blah blah ….AND THE OCTOBER EFFECT
Be careful out there
https://www.news.com.au/finance/econ...2c4355835914ec
OCR rate rise tomorrow in NZ ,
with auckland in a lockdown level 3 for the rest of the year , easy in my opinion as infection rates will climb now like nsw etc be interesting what they say on future rate hikes now that we know covid elimination strategy is of the table in NZ
I dont see that FTG
I see the 161 extension at 4077 and the recent high 4550 at the 200% extension (which is not usually referred to as having any significance)
Attachment 13033
drawing fibs is of course a personal thing so happy to see how you did it.
the evergrande contagion is spreading
Chinese property developer Fantasia misses debt payments
https://www.straitstimes.com/busines...-debt-payments
Ah...that's better..down 6.3K. Happy now, Yikes !
https://www.sharetrader.co.nz/images/smilies/w00t.gif
OCR hike chances are bright as per analysts ...98% chance of 0.25% hike ....But IMO its wrong move as morale of people and businesses already at lowest level ...SO postponing it by another 1-3 months maybe more prudent
You always go in big winner! lol
All these stories of 20% mortgage rates blah blah, doesnt mean much when you buy your house for 1 pound ;)
Spare a thought for us millennials with $1m mortgages. We are inheriting a broken system. Not to worry, we will fix it. First things first put the retirement age up to 68-70yr :)
Lol not far wrong, Getty. Best load up on the retail stocks. We can't help ourselves but spend spend spend :p
Don't worry about the $1m. It's safe as, in fact you are actually helping me pay it thanks to inflation and the negative real rates you earn on cash in the bank. Cheers to you :t_up:
Jeez. Pounds went out in 1967. https://nzhistory.govt.nz/nz-adopts-decimal-currency
PS. It was Lange, Palmer and Moore who wrecked the country. Damn those Rogernomes.
https://www.parliament.nz/en/visit-a...nd-since-1856/
11% only in real terms for a 1980 mortgage. This was years after a period of high inflation which erased part of the debt.
Interesting to see how inflation plays into everyone's thoughts.
Not long ago the govt could borrow at 0.5% and they would come out way ahead with 3% inflation rates.
Well played Biden.
US will never be at risk of default again when they can just mint new coins.
https://www.axios.com/trillion-dolla...841d181de.html
Crazy ehh:confused::eek2::mellow:
OR what about making a Fungible token of Trump drinking bleach with a thought bubble above saying "I feel great, aargh" and sell it to a digital wallet holder for a $trillion then do another one etc.
Nah he would like it too much.
Wow I'm on a 1 trillion dollar coin, that must mean I'm the best and most tremendous president.
Im better than both Lincoln and washington. They didn't get numbers like this.
Loving the energy crunch and the "revenge of the old economy" as one analyst put it.
A lot of kiwisaver funds proudly have zero exposure to energy lol.
Market in recovery again.
Countries like germany really need to go on a debt binge to build up their country. Plenty of scope for that.
https://www.marketwatch.com/investin...countrycode=bx
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There's something behind your ear.. a $1T coin maybe.
https://www.youtube.com/watch?v=_RVFMKnPp7o&t=230s
A Platinum 1 oz trillion dollar coin will be worth a small discount to the current value of the precious metal. If Uncle Sam forced people to accept trillion dollar one ounce platinum coins as settlement of debt, the resultant inflation would render the metal content of the coin much more valuable than its face value.
My 1/10 oz gold Britannia has a face value legal tender of 10 GBP but it would be stupid to go to a shop in the UK to buy items priced at 10 GBP, as the value of its gold is currently 129 GBP. So its melt-down value is about 115 GBP..
Not that many years ago (this century) I posted that debt around the world was trilions and got well and truly lambasted for exaggerating things ……like comments ‘you have no idea how much a trillion is’ / ‘do you even know how many billions in a trillion?’
How the world has changed
Reminded me when US was in Iraq Bush’s aide told him they had killed a brazillian and was asked ‘how many millions in a brazillian’
heres an article from global times on evergrande laying out how they might manage the downfall
GT Voice: External pressure won’t affect China’s pace of deflating bubbles
https://www.globaltimes.cn/page/202110/1235756.shtml
https://www.cnbc.com/2021/10/12/a-re...ndustries.html
"Workers left their jobs at a record pace in August, with bar and restaurant employees as well as retail staff quitting in droves, the Labor Department reported Tuesday.
Quits hit a new series high going back to December 2000, as 4.3 million workers left their jobs. The quits rate rose to 2.9%, an increase of 242,000 from the previous month, which saw a rate of 2.7%, according to the department’s Job Openings and Labor Turnover Survey. The rate, which is measured against total employment, is the highest in a data series that goes back to December 2000."
https://asiatimes.com/2021/10/inflat...lobber-stocks/
"More than 50% of respondents to the National Federation of Independent Business September survey said that jobs are hard to fill, by far the highest proportion in history.
In other words, even a 4% pay increase isn’t enough to lure workers back into the workforce. That means weaker supply chains, more production delays, and even higher inflation.
At some point the Federal Reserve will have to do what it has done so many times in its depressing past – namely, tighten monetary policy and reduce demand. If people can’t get credit, they won’t buy things at higher prices. But that means a much slower economy, lower profits and a nasty shakeout in the stock market."
Inflation not too bad ….RBNZ preferred measure is its sectoral factor CPI
Annual inflationntomSept now 2.7% ….up from 2.4% at June
No worries
No worries... but economists are always worried: Inflation is either trending worryingly high or worryingly low or there is a worry with unemployment or if unemployment is low, there is potentially a problem with workforce participation or.... I like to read Treasury reports but would never base investment decisions on them. Those guys worry too much.
US markets on the verge of new all time highs and we are just about to enter a very good seasonal market period
bitcoin going mainstream as an investment alternative now and hitting new all time highs. my farmer friend says hes made a killing from buying etherum at $600 better than milking the cows he reckons and more fun ( i keep telling him take some profits at least lol )
First bitcoin futures ETF rises 3% in trading debut on the NYSE
https://www.cnbc.com/2021/10/19/firs...ing-debut.html
Decentralised finance which now has over $230B USD locked up earning annual returns at rates far greater than traditional finance mostly due to efficiency gains, unlikely.
I can lockup some crypto and borrow money against it at x5 leverage right now at less than 8% p.a with zero KYC or government compliance requirements from any place in the solar system with an internet cconnection (even China). There is nothing any government or central bank can do about it.
That's powerful and clearly valuable. You need to think bigger and use your imagination about what code, finance and trustless cryptography can enable, we are only scratching the surface.
https://defillama.com/chains
I'm old and cynical o' multicellular one and I learnt long ago to keep my imagination in check when choosing investments. I'm fairly sure crypto currency has a great future but possibly not until the current crop of investors have watched their money burn to black crispy nothing.
Is crypto finance necessarily any more decentralised than regular finance, and is that an advantage, and to whom?
I don't know what "locked up" means in this context but it doesn't sound good.
I don't know what KYC is - like KFC but not fried?.
I didn't know you could borrow anything from anywhere in the solar system other than Earth.
If all this is what's on "the surface" I'd hate to think what's underneath.
You best ignore me Allfromacell. As you see I come from a different age, and possibly a different planet.
bitcoin new highs
Bitcoin jumps to new high above $66,000 after landmark U.S. ETF launch
https://www.cnbc.com/2021/10/20/bitc...tf-launch.html
were did i leave my hard drive from 2013 :scared:
The Dow Jones Industrial average jumped to a record on Wednesday as investor sentiment was boosted by better-than-expected earnings reports and a new record for bitcoin
https://www.cnbc.com/2021/10/19/stoc...lose-news.html
see tom lee raised his yr end target sp500 to 4800 based on earnings and seasonals.
also dont forget we get stock buybacks beginning on nov 1 so that will support the market as well
Well, there you go folks. She has now clearly broken to the upside, going to ATH's (albeit since the 4/10 low, on reducing volume and with a declining A/D line).
The key support at 4230 was briefly tested but respected, further solidifying its significance. In fact the low in the month long corrective move was pretty much kissing it.
Next resistance is 4600, then circa 4750. Bears need to respect the market, regardless of perceived irrationality. No Black Monday's yet!
US is still the main action market.
big moves last week like trumps spac 1600% 1 week if you were lucky to catch the top.
this is better than owning hotels
At its peak around $157 (from memory) Trumps personal interest in DWAC was effectively around $18-22b. This is a nose thumb and a response to the desire for an alternative to big tech owned media. Its a $300m cash shell with no tech, no staff, no office and $22b worth of brand value and good will. Imagine the amount of $ that could be raised a secondary stock sale or a convert and then go on to do something meaningful. I shudder to think. Do not underestimate Trump and his followers.
I love google/alphabet.
So many free to low cost products: android, cloud, email.
All human proteins simulated in a month by their AI, plus made open-source. They can use my data how they like as long as they keep this stuff coming.
https://alphafold.ebi.ac.uk/
IT is interesting what will become of it.
In Ray Kurzweill's book he states that it will take a while to develop something which can match human intelligence, but then a really short time until exceeding all human intelligence combined.
I'd say it was an accurate comment. Individual Trump supporters don't particularly lack morality or intelligence, but collectively, you end up with Q-anon conspiracy theories and insurrection. Human intelligence does not necessarily combine to create a greater whole.