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|Posted on November 19, 2013 at 4:21 AM||comments ()|
Good morning, readers. As the DOW passed 16,000 yesterday, I didn't write anything at that moment. Regular readers of my column/blog will surely know that I was one of the few to suggest the DOW would go past 14,000 - then past 15,000 (the magic of 15,000) - and only recently 16,000. I was of the view that the DOW could even do 17,000 this year, in the next five weeks or so. A thousand points in say 25 working days, is it possible? I shall wait to assess the markets further before I would commit to such a suggestion.
In the meantime, I imagine a lot of punters will take some money off the table, and put into alternative markets. India SENSEX has seen more inflows in last few days.
If not this year, then certainly I believe the DOW will hit 17,000 in next few months, on the proviso that the feel-good is assisted by the candy distribution, on which the panel will decide in the US this week.
That's all for now.
I wish joy and success to all my readers, in Netherlands, Fuzhou, California, India, Kenya, Tokyo, etc, etc.
Caveat : Everyone trades entirely at their own risk, I am merely sharing my views.
(c) Copyright 19th November 2013, Durudarshan H. Dadlani.
|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 4, 2013 at 2:59 PM||comments ()|
It is a concensus worldwide, and not only in Washingdon D.C., that the Debt Ceiling which needs to be raised to avoid a default, which the U.S. certainly does not wish to entertain, will be raised, be it (preferably) by bi-partisan co-operation and agreement in Congress, or by Presidential Prerogative.
Secretary for the Treasury Jack Lew has suggested 17th October as the date when the current debt ceiling arrangements hit top. It will be both prudent and necessary to raise it further, and in the current shutdown scenario in Washington the options are plain : Either the partial shutdown of the departments is swiftly lifted and government can function once again as normal, giving enough time for a bi-partisan consultation and agreement on a Debt Ceiling raise; alternatively, give the President the opportunity to exercise the Presidential Prerogative under the 14th Amendment and sign into law a figure he believes justified to safeguard the normal functioning of the government and the U.S. economy.
The new jobs created figure today of 155,000 for September seems pretty healthy, although to see a fully fledged Recovery would need about 400,000 to 500,000 new jobs per month for about 6 months. Until then, the environment demands continuation of a Stimulus, which may be tapered later when conditions improve further. In the meantime, the record low interest rate gives hope that the housing market can continue to improve and strengthen, together with auto sales and hand-in-hand creation of many jobs and heatmaps of happiness. Strength of the U.S. economy for now seems a barometer of the world economy, as confidence in the world's largest economy always impacts everywhere else.
In Japan, Premier Abe's government continues with their Stimulus, which was running at $85 billion a month (equal to the U.S. stimulus at its current height). This has enabled the Japanese economy to pull out of the stagnation that has marred it for over 20 years; the investment and build-up after the Fukushima disaster has enabled Japan lay the foundation for continued improvement and growth, the fruits of which Japan shares with investment overseas in neighbouring countries and abroad. Their GNP
figures will be nothing less than impressive, with substantial investments in the U.S. also.
It will be a great blessing for the U.S. to raise the debt ceiling in a timely fashion, and renew the confidence worldwide that things can continue as normal everywhere, which can add impetus to further growth worldwide from a strengthening Recovery to Prosperity. For that I pray.
|Posted on October 2, 2013 at 8:11 AM||comments ()|
It is that moment in time when the world knows the answers, yet some do not seem to. For their narrow vested interests, they may be taking decisions which will adversely affect so many people.
Yes, point in question about the shutdown in the United States, affecting some 700,000 government employees who have been told not to turn up for work, because the two caucuses of the centrist Republican Party which is the U.S. Congress cannot agree the left with the right. They would like concessions on many issues, which are not of prime importance today and bear some relevance to the great impending issue of the raising of the Debt Ceiling. According to Mr Jack Lew, Secretary of State for the Treasury, the clock is expected to hit a top on 17th October, giving just about 15 days for the Congress to concentrate on this priority.
The aggregate debt stands at a whopping $16.5 Trillion, but certainly that is not huge in comparison to the essence and integrity of the United States of America. At last count, when the debt ceiling needed to be raised in August 2011, the Chinese Premier Hu Jintao as well as the Japanese leaders offered their continued support.
The cash-flow in the system has enabled an ongoing Recovery, translating into much consumer confidence, demands on goods and services, and heatmaps of happiness across the world, in China, India, Malaysia, Hong Kong, Japan, Australia, Europe, Brazil, Venezuela, and every nation who trades, which includes all nations of the globe.
Indeed it was a great gesture when the Federal Reserve opened the Open Window in Europe, enabling the Eurozone to borrow dollars and pump into their economies, creating much growth and momentum
in production and consumer confidence.
There must be few people who do not see the benefits of a globalised economic powerhouse that is the world, where co-operation and trade between nations helps each nation produce its unique resources and exchange with the rest of the world.
I believe the world can confidently assume that the U.S. banks collectively have the wherewithal to underwrite the raising of the Debt Ceiling. As Jamie Dimon of JP Morgan and other leading bankers meet with Mr Obama today, certainly that will be on the agenda of discussion.
In August 2011 the U.S. banks collectively had over $1.45 Trillion, and enabled that raise. It will be good news to hear what they may be willing to underwrite this time. Certainly the money has swirled around the system, enabling people buy the houses and cars and television sets and sofa sets and iPads which they love, and swelled the coffers of companies such as Apple and Oracle and billionaire Carl Icahn. All that is really needed is for such companies and people to continue to create more employment in the private sector, and for government to continue to serve the people effectively.
The lifting of the shutdown would be great, and would be welcome for people who are visiting America, so that their trips are joyful in seeing the monuments they have come to see.
A rethink on what has led to the shutdown can only help the goodwill of America, and the prosperity of her own people.
|Posted on September 28, 2013 at 5:43 PM||comments ()|
Thanks for visiting my blog and website, I hope you found something interesting to read.
There seems a constant swirl of stacks of information, both online and in printed form.
Most of the relevant information that makes an impact on affairs is both time sensitive and scarce,
that is the information that I try and gather and interpret, for my own reference as well as to share with my readers.
I wrote these blogs this month....I am happy a lot of people enjoy reading my take on various topical issues, with several thousand visiting my blog just last Friday and Saturday, especially from Chicago.
Hello guys, wear your thinking caps on...
Mr Bernanke's penultimate testimony before he leaves the Fed.
Forward guidance and the UK housing market
Light a cancle...
Thanks for visiting my website
Notes from the LDS chapel, Ilford
Germany a good model of employment
The paradox in inflation
Stimulus? Taper? Where we headed?
Bank of England forward guidance.
Have a read, and let me know what you think.
In the meantime, thanks to all the readers who have written in their
compliments and suggestions.
|Posted on September 24, 2013 at 5:10 AM||comments ()|
The economic news seems pretty positive all round, for continued worldwide economic Recovery. India of course is out of sync on the benchmark interest rate, but it is a dynamic economy where the leadership are a little bit too cautious to accelerate growth. For the moment it seems it will just motor along steadily, and blaming the high inflation on the scarcity of onions, which they are plentifully exporting.
The Greek economy seems to be on the mend, with a secondary surplus expected. With a nation with a population of 20 million and a large area, perhaps they need to encourage people who enjoy farming. The potential must be huge with good climate, abundance of water and good weather as well.
The situation in Spain seems pretty positive too, with a growth of 0.2 percent expected for the second quarter. The benefits of creating jobs and filling up the empty housing, additionally with putting more buses on the roads to service secluded areas more frequently, will surely add to the growth. Blessed with good weather and friendly people, I believe there is huge potential for continued growth in Spain.
A Latin version of Hollywood and Bollywood must surely be a possibility, with intercontinental co-productions?
Germany, well the situation seems so good, with Mme Angela Merkel back in the driving seat.
As regards the U.S., the talk of taper seems both promising and cautionary. As Treasury Minister Jack Lew has suggested, the Debt Ceiling issue needs addressing quite soon. The talk to me seems like a tapered candle, or a washer to be tapered on a lathe...I suppose Mr Bernanke will suggested what will need to be done. The debt ceiling fix of a $1.45 Trillion in August 2011 was a job well done, adding to the money supply and creating the cash flow that has translated into so many jobs, a pick up in the housing market, and continued growth in the US economy, creating heatmaps of happiness for so many more people. The stockmarkets and the banks seem in robust health, creating a huge pool of capital that will service the needs of people as and when they need to borrow and spend. Cash rich companies like Apple attest to that fact.
What would be great would be perhaps the creation of 500,000 jobs per month on a costing of $7 billion per month. If that much additional capital was infused into the system by way of the taper, that would be just great. Five years after the collapse of October 2008, the economic systems seem in much better shape, with strong financial institutions and safeguards in place. A steady worldwide Economic Recovery seems to have been achieved, through co-operation and understanding of nations and the grace of God. In celebration and to continue with Recovery, the world counts on seeing the Republicans and the Democrats in Washington support a cordial agreement, and light a new candle to Prosperity.
Ladies and gentlemen, you may step up to the alter, and light the candle that will add substance to the drams of humanity.
(written by Duru-darshan)
|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 August 17, 2013 at 5:35 PM||comments ()|
Brothers and Sisters, I have been asked to give a brief talk on the subject of Obedience.
This is a subject which is very relevant, for late in life, I have found that it gives joy to parents to find their offspring are obedient. By this I imply that children listen to parents' guidance, and do what would find approval in the parents' hearts and minds. And so it must be with our Heavenly Father. And what can be more joyful than to know that we do according to God's wishes, which are known to each one of us according to the dictates of our nature and our conscience. Just as when we are mature and realize that it makes our parents happy if we do that which they would approve, that we are dutiful and obedient children, similarly, I realise that our God in Heaven looks upon with pleasure when we do what he would have us do.
There are rich rewards as fruits of obedience, in the form of good health, good life, good guidance, good nature. To see what our elders have found true, I read President Lorenzo Snow saying that "ever feeling grateful for our earthly being, and more especially for the Spirit of God we have received through obedience to the Gospel." That is really a message of good faith, that we receive the Spirit of God in our hearts when we are obedient. That is such a precious gift.
For such approval and such guidance, the method of following the Gospel is quite straightforward. When I was 13, the love of Christ found a place in my heart, and somehow automatically I have most of my life followed the gospel, without consciously thinking about it.
When Jesus was on Earth, a lawyer asked Him "Master, what is the great commandment in the law?"
Our Saviour said unto him : "Thou shalt love the Lord thy God with all thy heart, and all thy soul, and all thy mind."
That impressed me greatly at age 13, and it has been a great comfort and delight to me, in good times as well as when I have faced difficulties in life.
And the second commandment, "Love thy neighbour as thyself" is a great promoter of understanding of our fellow human beings. If I am fair to myself, I cannot be mean towards my neighbour if he says a few nasty things about me, after all, unless I don't love myself and would not excuse any shortcomings on my part. Before I developed this realization, I always took on faith what our Saviour said : "Love thine enemy". I realized that this is a great formula to save our hearts from burningwith hatred towards anyone who has wronged us. We don't call Christ our Saviour for nothing.
Those who follow these two great commandments are probably likely to love themselves so much and have such a pleasant life, they are likely to follow the rest of the ten commandments even if they were not aware of them. That I do believe.
When one is absorbed in living a joyful life in the assurance of receiving the Spirit of God in one's heart here on earth, and today, not some date in the future, then one simply cannot do ill or fall prey to temptations. I simply would not wish to have God disapprove of any of my actions, I have such love and respect for our Heavenly Father.
I share my testimony and ask for God's blessings for continued guidance in the name of Jesus, our teacher and Saviour.
(written by Duru-darshan
Melchizedek Priest, LDS Ilford)
|Posted on August 14, 2013 at 5:55 AM||comments ()|
I note my readers searching for Divine Supplements in Goodmayes.
The address is 855 High Road, Goodmayes, Ilford, IG3 9UZ, not far from Tesco, with ample car parking.
Telephone number is 0208 590 7900. Shop is open only on Wednesdays and Saturdays, 10 am to 4 pm.
Other days by appointment.
Mr Wilson there is one of the best masseurs, especially for Frozen Shoulder.
People over 75 years of age can get first massage free.
Missingx.com is a good website to track anything that passengers may have forgotten on British Airways planes.
Anyone wanting to check my professional details could do well to check the volumes at public libraries,
or online, of : Marquis' Who's Who of the World (who have listed me since 1996) and
Stanford Who's Who (where I am listed since November 2011). Look up Durudarshan H. Dadlani.
My e-mail is : [email protected]
mobile : 07505 830518