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World Stock Markets Trading Discussion - Lumpy lubrication


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w?s=%5EAORD

 

 

Quite a buoyant day for All Ords with the index closing +0.7%.  Miners were out in front, +1.8% followed by Energy +1.5% and Materials/Consumer Discretionary +1.3%.

Over in Asia, China +2.7%, Hong Kong +0.4%, India -0.6% and Nikkei +0.1%.

 

 

On to UK/Europe:

 

image;size=239x110


image;size=239x110


image;size=239x110

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Low temperature fusion, a pipe dream for decades, getting closer to reality according to Lockheed Martin.

 

http://finance.yahoo.com/news/could-world-cope-almost-limitless-214021781.html

 

 

The biggest USP of the Lockheed Martin approach is its high beta concept which allows the size of its reactor to be 10 times smaller than the previous concept. Imagine a reactor that can be housed in a truck, capable of providing power to about 80,000 homes in the United States. The best part is that the reactor would require less than 25 kg of fuel to run an entire year.

 

 

0-60 in 3.1 seconds on a 18-wheeler anyone? :lol:

 

 

Could an almost limitless energy source crush the global economy?

A sudden spurt of abundant energy might crush the global economy. The US, which has close to 600,000 oil and gas workers, could potentially lose around 300,000 jobs within the first few years. A new unlimited energy such as compact fusion would eventually eliminate the majority of the energy jobs from the market, resulting in a global recession. Corporations related to the oil, gas, coal and electric power generation sector would be the hardest hit as conventional energy would become cheap and dramatically reduce the demand for harder to reach and more environmentally costly fossil fuel projects.

However, the sudden burst of unemployment caused by a new energy source would be compensated for with the creation of new jobs in the shipping industry, operating the fusion power plants themselves, maintaining power grids, as well as the water and space industries.

The New Climate Institute and Climate Action Network predicts that renewables would save up to $520 billion a year and generate close to 3 million new jobs.

 

 

Anyone got a good - non-(dirty/green)-biased - paper/theory on relation between tech breakthroughs (tech curve) and impact on deflation and job market?

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