Thursday, June 06, 2013

Blinding me with science

Just a quick note on the market "comeback" today.  Someone or more likely some group of high frequency traders were crushing the market at the end of the day with over a billion... yes, with a "b", quotes in S&P options which is incredibly rare.  This sort of action seemed design to accomplish only one thing and that is to move stock prices higher.  None of the other traditional risk assets participated in the late day surge which will make tomorrow (a jobs report day) very interesting.

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Large investors pushing home prices:  Hmm, this probably will end well, right?  Large financial firms making big bets nothing could go wrong.

"Large investment firms have spent billions of dollars over the last year buying homes in some of the nation’s most depressed markets. The influx has been so great, and the resulting price gains so big, that ordinary buyers are feeling squeezed out. Some are already wondering if prices will slump anew if the big money stops flowing."

"Blackstone, which helped define a period of Wall Street hyperwealth, has bought some 26,000 homes in nine states. Colony Capital, a Los Angeles-based investment firm, is spending $250 million each month and already owns 10,000 properties. With little fanfare, these and other financial companies have become significant landlords on Main Street. Most of the firms are renting out the homes, with the possibility of unloading them at a profit when prices rise far enough."

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Here comes the science - 

Someone has come up with a device that allows people to generate and store power via a "soccket" ball.  Very clever for those that live in areas without reliable power sources.

" In June a group of 20-somethings will kick off a soccer-related project with a global purpose that goes beyond athletic competition.

They will start full-scale manufacture of soccer-style balls that generate and store electric power when kicked around.
 
After playtime with these "Soccket" balls, families and communities that lack reliable access to electricity can use the balls' power for lighting and – eventually – other electrical applications.  
 
Surveys suggest that more than 1.3 billion people worldwide live without a consistent source of electricity.
 
That lifestyle can cost money. "Some Mexican families spend up to a quarter of their income on candles and other light sources during months-long power outages," said Victor Angel, product manager of Uncharted Play, Inc., the company that developed the Soccket.
 
It looks like an ordinary soccer ball on the outside, but the Soccket actually contains a small direct current generator and a storage unit.
 
"As the ball rolls, the mechanism spins a generator to produce electricity that goes through our custom port and is stored in a lithium ion battery like those in laptops," Angel explained."

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In case you have some liquid oxygen laying around the house - DO NOT TRY THIS AT HOME - Enjoy the video from the comfort of your own home.


Cheers!

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