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|Posted on January 2, 2016 at 11:19 AM||comments ()|
The chances are pretty decent of the worldwide economic Recovery continuing this year, with the promising possibility of enhancement.
Japan seems to have decided to continue its Stimulus, running at some $85 billion a month. This is gigantic for the size of their population, and guarantees the highest standards of living in the world to all Japanese citizens, plus a growing influence around the world, where their capital is likely to foster growth and development. For example, they have offered $35 billion to India for joint venture in developments of infrastructure, and this will certainly add to Japanese GNP.
India has done joint venture and co-operation treaties with Germany and France, to help develop some of the 100 new cities that Pradhanmantri Shree Narendra Modi announced at the beginning of 2015. Since then, he has visited China and Russia, and is signing up co-operation and trade agreements with every likely nation, including many in Africa. As a lot of Indians lived in Africa and grew up there, it seems India is taking an altruistic stance, wishing to repay with gratitude to their African brothers and sisters. This is a laudable gesture, and will enable the inherent and huge potential growth that is in places such as Lagos and Zimbabwe.
China too is extending its sphere of influence, Hon Xi Jinping visited so many nations and signing up trade and co-operation treaties. I can imagine joy for all these nations, where they will have expertise been made available to them, together with the machinery and transportation to fully benefit from their resources as well as create infrastructure developments which they so badly need. How can people not imagine dams, electricity, drinking water available on the doorstep, schools, dispensaries, hospitals, hotels, housing, tourists.....thriving economies....where God has blessed them with the rich fertile lands, mineral wealth, green vegetation, fragrant flowers, livestock to provide them plenty of milk. Africa is most likely to come up with the most number of billionaires soon....or if not, at least top social entrepreneurs who will instead contribute to their lands through holding together and creating business enterprises which serve the communities. If not dollar billionaires, these will be the enlightened spiritual billionaires who will do great good for their communities....at once, their people will have increasing standards of living. If the local African banks can back these entrepreneurs, they can create the development and wealth and growth that is the potential. I pray all these people receive the rich blessings from God.
The United States has steadily grown from the dark days of the 2008 meltdown to today, where the economy seems to have been totally restored, and is growing, with confidence, more jobs, more enterprise, more homeowners, more cars......Now the Fed will just need to fix the Debt Ceiling (in March, it seems). If they just expand the balance sheet to January 2017, the Obama administration will be home and dry, and all the senators and representatives can continue to collect their pay checks.
The alternative policies of the Tea Party crowd or Republicans like Donald Trump would see Obamacare repealed, and poor students being sent home due to lack of a free lunch at school. Those dark days caused due to sequestration are something that is best forgotten.
I pray Hillary Clinton shall become elected as the President at November 2016. Simply, it seems her destiny. It would resonate with the times and the perceptions of people today, everybody seeking self-expression in a democracy. Her election will enshrine the highest achievement in gender equality. That is a truth the people will not wish to hide, nor deny themselves. The time has come for this Democrat to rise as the dove, and sit in the highest office in the land.
She was very successful as a peacemaker in the Middle East when she was the Secretary of State. She has a natural gift for making peace agreements, and people trust her. She is a natural ambassador for peace. The world atmosphere will change when she becomes President, the whole tone of political relations will change, I believe, for the better. It is up to the people, to honour her, and elect her to the White House.
The One Trillion Eighty Billion Stimulus that the European Central Bank has rolled out has the promise of being extended beyond September 2016, as announced by their President Mario Draghi recently. That will offer ample scope for upgrade and innovation by the companies in the Euro Area (and by extension Europe) to meet the challenges of these times. On that note, the one thing the world is waiting for is the Juncker Plan. With reforms under way, Greece must surely be ready for it.
The low Oil price has depleted the reserves of the oil exporting nations, and their budget deficits have been bigger than envisaged. That suggests they will review their stance on cutting productions, and introduce some cuts before long; their stance has hurt their purses deeply, so some change may be expected. Russia too could follow suit, unless they are happy to foster a recession at home. Common sense would suggest oil price could begin to rise.....but when is only known to the bigwigs in OPEC and Russia. It is past the post-panic stage; it seems it is a time when they must be regretting not cutting back production earlier. And there would be no loss of face. Economic reality seems pretty harsh.
May I wish you good health and joy for the New Year.
Durudarshan H. Dadlani
(c) Copyright, but may be freely shared.
|Posted on November 9, 2013 at 6:12 AM||comments ()|
My thanks to the staff at these Search Engines for listing and indexing my website, and to Vistaprint for so beautifully hosting my website over last 28 months. It has built from strength to strength, drawing many visitors each day. Thanks to all :
Google (the multi-trillion dollar brain)
Twitter (tweet tweet to you)
LinkedIn (professional and so well defined)
Yahoo (book readers love you)
Bing (looks like people like spy thrillers)
and, just for good measure, a few porno sites, harmless fun is okay I'd say.
My blogs being read overnight are as follows :
- The ECB's 25 basispoint cut
- Stephanie Ruhle, CNBC interviewer
(She's actually an anchor for Bloomberg, working in New York)
- This is time for buyers to support Bangladesh factories
(American companies have done so, may blessings be unto them)
- Thomas Sugrue's review of The Last Great Prophet
- The Bank of America share price.
Yesterday I heard the news that China has experienced good growth and far from a hard-landing which people feared it is experiencing very sound growth, with PMI figures up and increasing.
One commentator has stated that China has several trillion dollars of reserves for investment, so I imagine the worldwide boom can continue. Today I heard that 80 percent of visas being taken for visits to Portugal are for Chinese property investors. This way, all economies with an open-door policy to encouraging property ownership and immigration would benefit from the Chinese wherewithal to sustain growth and Recovery.
If the Chinese sources are suggesting U.S. is looking for $561 Billion for next six months, it augers well for the U.S. that the jobs numbers were pretty good and growth potential is inherent in America, and it would be very probable that China would support such borrowings and support, as they have done in the recent past.
The luxury sector may start to rebound in China, who continue to buy Rolls Royce cars and jets as never before, and with the refocus on domestic consumption and increasing exports from China, it is apparent that the Honourable Xi Jinping is inspiring policies that will help the Chinese people achieve higher standards of living.
For stability and optimism into the near future, what more could the world wish for?
|Posted on October 29, 2013 at 7:08 AM||comments ()|
Following in the math of the sequestration cuts, followed by uncertainity about the U.S. Debt Ceiling raise, and the unwanted shutdown and furloughs, it seems apparent that confidence has taken a bit of a knock, especially with regards to the United States economy, but obviously timely positive action would restore that.
The news that Ms Janet Yellen was nominated by Mr Obama to the chair of the Federal Reserve was actually happy news to the markets, welcoming this dove of the financial system, assured that the punchbowl would be replenished and the taper would be quite some time away now.
Once that nomination is confirmed by one and all, that would send the right signal and boost the confidence that the economy needs right now, in view of the temporary fix of the nation's capacity to continue funding itself until only 15th January 2014.
Around that time Chairman Ben Bernanke steps down, and willing bi-partisan co-operation to extend
the reserve balance capacity and support Ms Yellen in her post will ensure great and much needed stability to the world financial system, and not only to that of the United States.
The housing numbers yesterday were obviously disappointing, indicating a shake in the confidence of house buyers. That is but natural, in view of the uncertainity created by the last-moment and then only such a short temporary fix of the situation.
When I was in California and Las Vegas last year, October and November, I met lots of people and heard their stories about how hopeful they are, and how they are happy working hard, to buy their first house and know things are okay with their economy. These were people who are taxi-drivers, concierges, receptionists, cleaners, waiters, waiteresses, a scientist working for an oil major, people who had made America their home, and who were sharing in the American dream.
It can obviously help the well-being of the nation if normal lending practices continue, where the individual man or woman and families are encouraged to buy their own houses, with the confidence in the system that things will continue positively, so they can believe in the virtue of borrowing and investing for the future.
The oil price on both sides of the Atlantic is so high, and hopefully needs to be around the $85 mark to encourage normal growth in the economies outside the G20 nations. Their depleted reserves and devalued currencies vis a vis the major currencies don't give them a chance. A dose of kindness now would greatly assist growth throughout the world, which would bring great mutual benefits to all nations. When we eat the food that we can so easily buy which has been exported from some country, we must spare a thought for the people there, who may not be able to afford such items in their own countries. When I wear my beautifully stitched shirt, my heart sends blessings to the factory workers in Bangladesh. It was heartening news to hear of American companies giving them continued support and helping them make the textile industry safe for workers.
With such friendship and trade between nations, each cog will help turn the small wheel which in turn will drive the greater wheel, and the path to continued economic Recovery, and yes, ultimately a growing Prosperity for all, shall continue. For that I pray.
|Posted on October 28, 2013 at 8:34 AM||comments ()|
It has taken all of five years for the world economies to be restored to semblance of normality from the dark days of 2008.
Remember those days when the interest rates were quite high in the advanced economies, anything from 4 to 7 percent - and that for the benchmark European Central Bank, Federal Reserve and Bank of England rate.
The crisis created by the collapse of Lehmann Bros sent shockwaves throughout the financial system worldwide, with stockmarkets tumbling, loss of confidence in trade, fall in house prices, and a mood of pessimism gripped the world.
At the vortex of the crisis, when Oil price reached $147 per barrel, according to OPEC AND European Union figures, about $250 billion additional bills were imposed on the European Union's oil expenditure, and what a terrible crisis it created, making transportation and manufacturing unviable in many countries, e.g. Portugal, Spain, Greece, the extra drain sucking the life-force out of the system.
At the peak of the crisis, people who were earlier working in the textile industry were suddenly without work, and wondering how they would find their cod-and-chips. Enterprising young people and old were trying their hand at the e-commerce economy, and finding lot of work but little revenue. The Prime Minister of a sovereign nation which was so prosperous not so long ago was visiting the heads of state of various nations, asking for help. The social security systems were severally stretched, the tax revenues not corresponding to the new outflows. The interest on the bonds became quite high, to attract investors. Talented people from universities were not able to find opportunities to make a living.
Demand on housing was as high as ever, but people didn't have money to rent, nor were banks willing to extend mortgages. Indeed, banks and loan corporations were suddenly unviable, after the property price plunge and bankruptcies of many individuals.
Today, comparatively, there has been a return of confidence. Things are getting better. Spain, Portugal and Greece have seen their bonds become more attractive to international investors.
But the worst is hardly behind us, yet the oil price remains so high. The pending closure of the Grangemouth Refinery is an indicator of the havoc the oil price plays with the balance sheet of such businesses. A business that was viable up until recently today stands in need of £300 million, with that it would support 800 jobs until trade is more favourable. This may be a microcosmic illustration of what could be in store for the OPEC nations, unless they decide to reduce the oil price to a level that is affordable to the rest of the world, and would give the OPEC nations an on-going stable income on a long-term basis into the future, and allow the world to breathe, and help sustain Recovery.
It took two-and-a-half years after the high oil price knocked the economies for six for a return to some kind of normal business activity. Common sense tells me that the high price today will probably hamper growth for about a year-and-a-half, and it is already restricting growth and causing hardships in many places, e.g. Yemn, Kenya, India, and almost all the nations outside the G20.
I WOULD RESPECTFULLY SUGGEST THAT THE OIL PRICE NEEDS TO BE BELOW $85 A BARREL.
That would help the hard-pressed developing nations meet their bills from their depleted reserves or devalued currencies, and enabling continuation of trade with the U.S., China, European Union, Israel and indeed OPEC, which would create a dynamic of mutual co-operation and support that may help all nations thrive and develop all their potential. That is the missing piece of the jigsaw in the picture of a continuation of the worldwide economic Recovery.
All the listening hearts of the world know what I am saying, and those who sit in positions of influence will do what is necessary, for that I pray.
|Posted on September 21, 2013 at 6:09 AM||comments ()|
Thanks for visiting my website and reading my blog. I hope you found something interesting.
Life is fun, with demands on time in so many directions.
Thursday I went to the Community Centre in Cricklewood. Every Full Moon, they do prayers to Satnarayan Swami and Mata Laxmi. It is a tradition we Sindhis have followed for generations, to pray to God and Goddess to give us peace in the household, and prosperity in our business affairs.
Later I visited the Southbank Centre, attracted there by the exhibition of her Picasso like painting by
Sangeeta Roshni Babani (she is an inspired painter from Mumbai, and she's Sindhi too, so I thought I'll
pay there a visit).
Sangeeta hadn't obtained her visa, and therefore could not be there. Other artists from India exhibited
their creations alongside a few of Sangeeta's paintings.
Particularly I liked a table whose top opens in segments like a fan, and this is adorned by mirrors.
This is by Yamin Mohiuddin from Hyderabad. I can see such a piece adorning some young one's bedroom or even a hairdressing salon. It would look good in a media company's foyer.
If you like genuine teak furniture, like a chair crafted like black petals, or a palm made of teak, and don't mind paying about £800 for such items, Firdos Furnishers of Nagpur have several pieces on display.
An English idea that seemed to catch everyone's eye was Gerrad the Second. This is a folding dog that looks like an inspired work of origami, with 188 sections to unfold and paste together very very carefully with Uhu glue. The small ones sell for £20, and are limited editions of 500. Fair enough. They have decorative prints of dollar notes, piping, mascots, newspaper cuttings and so on, like industry or sector or indeed national mascots.The large ones, including one made of black wool decorated with harlequin squares, well, those will become collector's items, starting in an auction in 2014 at £1,000. Absolutely grand. Made by Liam from Liverpool.
Today I missed going to the Millionaire Mentors Bootcamp at the Hilton, London Bridge. There is a free general entrace, generously hosted by Raymond Aaron, the bestselling author. Problem is, it starts at 9 am on Saturday and Sunday. Just a bit too early to travel up there for me; otherwise it seems an event worth attending. Finishes at 6pm both days. Bootcamp to give you quick fire ideas how to boot up your ideas and send them skyrocketing.
I am sure someone can suggest ideas to make my website and blog into a money minting machine. Well, hold my hand and show me the way.
|Posted on September 9, 2013 at 4:48 AM||comments ()|
Good morning, everybody.
I note that a few readers have been reading my blog overnight, especially on topics like Quantitative Easing, the Euro. The most popular blogs have been as follows, if you wish to read them too :-
1)What good would exiting the Euro do for Greece?
2) Would Quantitative Easing or Credit Easing help?
3) Where's the potential growth for the future?
4) Where's the chocolate I kept in the fridge?
5) You can sense the sense of duty Mr Obama has to America
6) What the mind of man can conceive and believe, it can achieve.
I imagine you will hear some impassioned debates on TV and the media in days to come.
|Posted on July 27, 2013 at 6:51 AM||comments ()|
I have high regard for the yoga techniques taught by Swami Ramdev, who's shivir in Hainault over 5 years ago I had the great joy of attending. In fact, it was Baba Ramdev's first visit to Europe at that time, and since then he has made countless journeys to Europe and America, Africa and many places.
He has always received a warm and great welcome everywhere he has visited, for his name has spread as the man who brings the magic of yoga techniques for improving health. His partner in the Patanjali Yogpeeth foundation, Acharya Balkrishan-ji, is one of the best in the field of research in the field of Ayurveda, and he has discovered and created many formulations which he has generously brought to the world, for bringing improvement in health.
Their greatest reward is the adulation they are shown by people, and their products are receiving wide-ranging note and approval, as they help people control or even cure diabetes, cholesterol, obesity, third-stage cancer and various ailments, like hair loss, impotence, urinary problems, the list is extensive. Of course, a degree of faith is required to try out the techniques and herbal remedies.
The shop, called Divine Supplements, is located at 855 High Road, Goodmayes, IG3 8TG. This is near the corner with Barley Lane. Tesco with ample parking is nearby.
They are normally open only on Wednesdays and Saturdays, between 10.30 and 4 pm.
Telephone no : 0208 590 7900.
Mr Wilson is a gifted masseur, and he generously offers a first free massage for people over 70 years of age. For everybody else, it is a reasonable amount, and worth every penny. Mr Wilson is very good with relieving Frozen Shoulder, and he helped me with trapped energy in the chest. I definitely recommend this gentleman for a curative massage.
I wish you good health.
|Posted on July 26, 2013 at 8:40 AM||comments ()|
Yesterday I passed a beautiful shop, Nails of Promise, in Gants Hill, Ilford.
Previously, I had been to view this shop, when it was lying empty. At that time, somebody had just stopped trading there as a Training Provider . The empty premises were naturally depressive.
The figures didn't stack up for me and a partner for a venture we had in mind.
But yesterday when I saw the shop, I was really impressed. The proprietor, Tony Fox, who is from Brazil, has turned the shop into a beautiful salon, specialising in doing nails. Now that is a service people like, and most ladies are prepared to pay the charges for beautification. Ton told me he has a full book, busy every day, and has to turn customers away until he adds a trainee in the very near future. "Most young people don't realize that the first thing in a business is customer service : how to attend customers and attend to their needs. And training obviously takes time and attention."
He took the empty shell of a shop and has done it up beautifully, with an ivory white laminate floor, complementing walls, lights and mirrors, ceramic desks, swivel chairs, sofas, table lamps and a slim chandelier. You can well imagine what sort of figure conscious customers come in here.
He did all the interior decorating himself, with a budget of about thirty thousand pounds. It's taken courage and confidence to create this salon, but it is doing well, and will grow in the near future.
In this location, most other businesses would not have survived, because there are other competing establishments not far away. But a Nail Salon, great promise. I draw the lesson from this that the right choice of business (or even a political candidate), backed with promise, will restore Prosperity.
|Posted on July 21, 2013 at 12:36 PM||comments ()|
The Chapter 9 Bankruptcy of Detroit last Friday is a stark reminder of what happens to an economy when trust breaks down between communities and disrupts the social fabric, leading to decline and decay and a sad breakdown of an economy.
I understand from cursory reading of books on Detroit that the 1967 riots sparked off a distrust between the communities, and may have been the turning point for the breakdown of the economy which has now resulted to this sad, sad decline.
No two children of the same family will be totally understanding or obedient to their parent(s), but if family members work in harmony and common objectives, they tend to be more successful. That rule of harmony holds true for organisations as well as for communities, there is no reason why it should not hold true for cities or even nations, hence last week I referred to Cario and Oakland but of course I should also have mentioned Miami.
Just imagine Detroit in the 1950s, which now appears to have been its heyday, full of harmony and enterprise, inspiring dreams, the American dream, contributing to its status as a city of great reputation worldwide, with its ballrooms, museums, theatres, skyscrapers....The industry and enterprise was there to give a livelihood to the 465,000 residents there, who soon grew to over a million and to nearly two million towards the peak. The infrastructure was added to as it served the citizens and visitors, and the town grew to a city.
The decline has seen people leave, mainly white people leaving the city to suburbs, leaving a ghetto at its core, the deserted buildings falling apart, now ready for demolition or refurbishment.
The population has fallen, leaving the municipality with an income of about $1 billion a year, when it probably needs at least a billion-and-a-half just to service the interest on the bonds.
A solution may be repopulation, with some company and a group of New Economy companies able to generate a lot of jobs and sustain the livelihoods of the citizens. Obviously there is a lot of talent and raw energy, that can be purposefully employed and will create wealth and sustain the people and regenerate the city. All that is now needed is for a few men and women of vision to locate their wealth generating companies there, and give a boost to the regeneration of the housing and public buildings.
The talent is there, you cannot stand and see a great city die. Hopefully, the government can make a special provision for a funding programme to regenerate this great iconic city with its beautiful landmarks.
As harmony exists between people, so will Recovery and Prosperity bloom in their midst. Today, I pray for restoration of faith in Detroit.
|Posted on July 19, 2013 at 10:39 AM||comments ()|
Mismanagement and corruption are two words that some reports on TV seem to suggest as possible causes of the neglect and decline of Detroit, leading today to a quickie filing of Bankruptcy.
A sad state for any community, sadder still when it has the towering GM headquarters building there.
There was a time when kids the world over associated the name Detroit with motor car production, or simply with great looking motors, the sort of cars we all wished to drive one day. What happened to those beautiful Chevvys and Corvettes, those beautiful cars? What happened to the whole car manufacturing industry? What happened to the people who worked there, what happened to the houses, lying today in their tens of thousands, abandoned, neglected, derelict?
It seems a debt burden of $20 billion, which the municipality today cannot repay, and a neglect over a couple of decades has led today to this sad bankruptcy.
A programme of regeneration must materialise, surely, to put Detroit back on its feet, perhaps even put Detroit back in peoples' affections.
It would definitely take the will of government to put some money into this economy, and the vision of enlightened entrepreneurs, who could probably see Detroit as a great opportunity to rebuild. Money plus the vision of someone (I know such a person is there, but I shall not pre-empt by banding a name, although if you look in the top 100 entrepreneurs in America, you will probably see who fits the bill) will put the life back into Detroit.
When houses became habitable, the people become hospitable, when a New Industry settles in Detroit, wealth will be created, wealth will grow, and life will be breathed into this neglected town. Hope springs eternal in the human heart, that I do believe, as do the guys playing netball in the streets there.
For the regeneration of Detroit, I pray.