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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?


To: Kirk © who wrote (6577)1/14/2019 11:59:38 AM
From: Kirk ©1 Recommendation

Recommended By
isopatch

  Read Replies (2) | Respond to of 26607
 
From What happens if PG&E goes bankrupt?
calmatters.org
"Although the filing did not trigger layoffs, the AP noted that ratepayers were stuck with paying back the bills for years and years. At the time, the rehabilitation was expected to cost customers $6.2 billion to $8.2 billion in above-market prices through 2012. That worked out to about $1,300 to $1,700 per customer."
Probably one more reason to move to Florida, burn coal to have electricity at a fraction of the cost we pay in California and let the trade winds blow the soot towards Europe as most Florida residents do now to get their cheap electricity to run their air conditioners.

I wonder if Florida would have half the residents if they had a conscience and burned cleaner energy at the prices we pay in California.....



To: Kirk © who wrote (6577)1/14/2019 12:25:29 PM
From: isopatch1 Recommendation

Recommended By
prometheus1976

  Respond to of 26607
 
Expect to see many more BKs among, large, publicly traded corps. in the next 5 yrs. Probably record numbers. Why? We know there're - at least dozens - of, now, very shaky BBB ratings created in large part by the widespread orgy of ill advised corporate stock buybacks near their cycle price highs of the past year or two. Those BBBs will downgrade to BB junk status as economic growth slows, in the years ahead, even without a major recession. Not a question of if, only of when....

Iso