11/20 The Wikinvest Daily Angle

Please add updates@feedmyinbox.com to your address book to make sure you receive these messages in the future. The Wikinvest Daily Angle - Market Insight and Commentary from Wikinvest.com USA Today: China Pushes Solar, Wind Development November 19, 2009 at 2:01 am Today's Daily Angle comes from Wikinvest Wire member Mark H of FundMyMutualFund.com. You can read the full article on the Fund My Mutual Fund blog. Just something to keep your eye on as your politicians promise you that the US will be the world leader in green tech jobs. In fact they will have to layer countless more debt on your children and grandchildren for temporary “green jobs”, to make this mirage come true - for a while. Most likely this promise will come next spring as the next massive stimulus is pumped to the masses to create “green jobs” retrofitting buildings and such. Meanwhile, ask where the production is and what work we will be left with after we borrow money from China to create temporary jobs. (Nov 2, 2009: Lack of Green Energy Manufacturing Capability in US Means 84% of Stimulus Goes to Foreign Firms.) Remember, Japan and Germany are a decade ahead of us as we decided daytrading homes was the real way to prosperity as a nation… and China is subsidizing every form of green energy. Aug 25, 2009: UK Telegraph - China Powers Ahead as it Seizes the Green Energy Crown from Europe Aug 28, 2008: China to Subsidize Wind Turbines Jun 19, 2009: Reuters - Incentives Add Shine to China’s Solar Drive Just this week I saw two separate Chinese firms (both of which we’ve owned in the past) pledging to build plants in the US as “political” cover… Suntech Power (STP) in solar and A-Power Energy (APWR) in wind. Gov. Jan Brewer on Monday announced plans for a Chinese-owned solar panel maker to build its U.S. headquarters and a manufacturing plant in the Phoenix area, propelling one of the nation’s sunniest states toward a bigger global presence in the renewable energy industry. Suntech Power Holdings Co. said it expects to start building photovoltaic panels at the facility by the third quarter of 2010. The company, which has more than 9,000 employees, expects to eventually employ 250 or more people at the plant. By doing so, they can clap their hands that they are creating jobs (hundreds!) in the US - collect money from the federal government (which in reality is their own government’s money, just passing through the US government after we borrow it) while 99% of the production is back in the home country. But hey we get some assembly jobs here, and some great photo opportunities for some governors.   This email was sent to gatdemit001@gmail.com.  Create Your Account Don't want to receive this feed any longer? Unsubscribe here.