Will Solar Ever Reach “Grid Parity”?

The coming of grid parity keeps receding into the distance like a desert mirage. Over the last six years, executives at solar energy firms and their consultants have projected repeatedly that solar energy will reach grid parity—become cost competitive with other power sources—in three to five years—only to push its expected time of arrival further into the future. My colleague Brett Winton explains why.

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Do TIPS Pose a Hidden Risk to Seekers of Inflation Protection?

Treasury-inflation protected securities, or TIPS, have been a popular choice for investors concerned about future inflation. And TIPS’ returns have been impressive in recent years. But the main contributor to TIPS’ performance isn’t inflation. It’s an ingredient that could become as hurtful down the road as it’s been helpful in the past. (more…)


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Afraid of QE3? Buy Real Assets

In the past few weeks, central banks have reaffirmed their intent to do “whatever it takes,” in European Central Bank (ECB) President Mario Draghi’s words, to address the various ailments afflicting the global economy. While central bank actions may or may not have their desired effects on the real economy, they do create short-term opportunities and medium-term risks for investors, as my colleague Jon Ruff explains below. (more…)


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