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Daily Archives: October 22, 2008

Overwhelmed by Consumer Debt

October 22, 2008
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I’ve written here before about the “I.O.U.S.A.” phenomenon of both many Americans and the U.S. government’s enormous amount of debt. This was even before we took on untold billions (trillions?) during the recent economic crisis and before Americans had to start using credit cards to make ends meet as they lost their jobs, food and gasoline started costing more and the winter costs of heating homes rose. The New York Times has a great interactive feature about consumer debt. They use photos, videos, articles and interactive graphics to show how many Americans are deep in debt and how they...

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Still Watching Solar

October 22, 2008
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My investing idea is one that was featured in Cabot Wealth Advisory back in July.  It has fallen hard since-it made a new low just two weeks ago–but it has some compelling features that will make it a prime candidate for investment when the market turns up. The company is ReneSola (SOL), a Chinese maker of solar wafers for photovoltaic arrays.  ReneSola used to make complete solar arrays, but decided to specialize in silicon production and slicing, a skill that will serve the company well when the world gets off its back and renews its conversion to solar power....

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