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|Posted on January 15, 2013 at 6:41 AM||comments (7)|
Tongue in cheek, the idea of a Trillion Dollar Coin, with President Obama's sketch on the obverse, is being tossed around on the television channels.
As a souvenier, it would be good, but as a practical idea, it would be unworkable. If such a coin were minted, it would be uncashable, therefore I think the idea can rest just there. Can you imagine, it would need the protection of Fort Knox....
No, the Trillion Dollar that they need to have in place by the time the debt clock hits 16.15 Trillion Dollars, whenever that is, will have to be in denominations that are easily convertible into legal tender so that people can be handling the greenback in the size and shape they know. And with which they can buy houses, cars, buildings, company shares, debit cards, holidays, education, cinema tickets, pay for their meals, whatever and however people like to spend and enjoy themselves, and allow the U.S. to carry on trading with the world.
Can you imagine bi-partisan co-operation not being reached on this matter? I cannot imagine many Senators or Representatives being happy to miss their paycheck, or to see the whole financial system dry up.
Regardless of whatever happens, I believe President Obama holds the President's Prerogative on this, and he will exercise that, just to ensure the nation keeps ticking as normal and there is no hickup or delay on the path to economic Recovery, which the American nation has worked hard for and put on a sustainable basis. By my figures, I would say the U.S. economy could possibly create 300,000 to 500,000 jobs a month, on-going for a period of 14 months, with the raising of the debt ceiling and pumping in of $62.5 Billion each month. That would create heatmaps of happiness, everywhere, as trade is assured everywhere and continues to sustain jobs worldwide.
Who would want a recession when cordial agreements with trading partners will ensure continued worldwide economic Recovery?
For a happy jamboree scenario worldwide, I pray.
|Posted on January 7, 2013 at 8:36 AM||comments (5)|
I am glad to note that there are at least a few hundred visitors who like to read my blog each day.
My blogs over the last 30 days have been as follows :-
- Right to work demos in Michigan
- If the Fiscal Cliff a Roller-Coaster, or is it a Merry-go-round?
- 25 Years after they became Rich
- You can sense the sense of duty Mr Obama has to America.
- What's up, Beverley Hills?
- Children dying of measles in Larkana, Sindh.
Now I have over 1,000 blogs to date, and nearly 96 readers have responded with some comments, I am glad to note.
Recently I have had blog comments on issues on which I wrote about a year ago!
But just goes to show, readers read something, bookmark it, and then when they see the comments have made good, they pay a compliment. That has been in the nature of my blogs on Tree thinning, share prices (Bank of America, J P Morgan, Thomas Cook, LinkedIn, MacDonalds, and so on).
Let me know what you think, you can fill in the comments under the blog.
Thanks in advance and Kind Regards,
|Posted on December 31, 2012 at 2:09 PM||comments (8)|
Beverley Hills is one cool place, quite expensive, but you like it none the less. It's that vibration of energy, of dreams, of works in progress that gives Beverley Hills its buzz. It's a city of Sundays, of leisurely lunches at the restaurants, a sedate stroll down the Wiltshire Boulevard, where, if money is no object, you're the King. Or Queen, or Rockstar, or Celebrity, or the hopeful wannabee.
Some of the streets seem to run for miles, so it is very useful to have precise locations. Taxi fares are quite expensive, with add-ons after certain times of night or bank holidays. Try using buses to make it cheaper? Not enough time to figure it out on a short visit. Taxis from the hotel always seem to have a surcharge added. The ones you hail charge what's on the meter. Big difference.
There is so much to see and do in L.A.
One morning, I and my companions headed to the Walk of Fame. There's a star that says Cubby Brocolli. Another says Burt Reynolds. Another, oh yes, Jane Fonda!
There's a cinema school opposite, that does guided tours.
I opt to buy a few trinkets from the shop. There's a nice golden Oscar, that reads 'For Achievement'. That's a gift that will be appreciated by somebody.
Our stay at the Pasadena Hilton was comfortable. It has that home-from-home charm, from where we visited the Santa Anita Park for the races, the Breeders Cup; Chateau Marmont, a funky nightclub; The W, or should I say the famous W, which has a breath-taking all-round view of L.A.; a reasonably priced drinking place called Mastros; and the Beverley Hills Hotel, famous in an Eddie Murphy film.
As movies are once again starting to make good returns, and audience numbers starting to improve, I believe the talents of Hollywood will have a hand in contributing to the revival and Recovery.
When I saw a railway line was being laid from Pasadena, I realised this place is still young, and still growing, and huge potential lies in this place.
With this short write-up of my very short visit to L.A., I can only say that I do hope to visit there again in the future.
Wishing you all a Very Happy New Year, and may Joy and Good Health be with you.
|Posted on October 8, 2012 at 6:54 AM||comments (4)|
Thanks to Referring Traffic:-
- Stumbleupon.com - tops! tops! tops! once again this week
special mention of Yell.com, Tagcentral info, and Sitedossier - first time this week.
Search engines most used to reach my website and blog : Google.co.uk and .com and .com.au. as well as Yahoo.
Very many thanks to staff at all these companies for listings.
My blogs last week were as follows, you may wish to read them :-
- Testimonies at the Ilford LDS Church
- Optimistic or pessimistic about future growth?
- Take some money out and spend
- Where's the potential growth for the future?
- When will Premier Mariano Rajoy ask for the bailout?
Finally, a big thank you to some of the recent visitors who have made some
very complimentary comments about my blog. I am glad readers have found some
information of use.
Let me have your comments.
|Posted on October 3, 2012 at 3:46 AM||comments (1)|
After announcing the QE3, Fed Chief Ben Bernanke is hoping that the DOW Jones will keep going from strength to strength (suggesting that some of the $40 billion per month going into mortgage-backed securities will go into Wall Street) and the investing public can then take some money off there and spend it, creating a consumer boom. It seems a good formula, and if put into practice by the public, it will see a continuing Recovery.
Meanwhile, the small pause yesterday was being attributed to Spain not asking for a bailout straight away. It is a weighty decision for Prime Minister Mariano Rajoy, who is seeming to employ a winning formula, announcing budget cuts and putting new money into the banking system. After a little bit of pain for people getting smaller salaries, there will be a period of growth as more jobs are created as the new money goes into the system. If the capital in the banks is replenished, then of course there will be jobs created, for mortgage advisors and bank clerks, estate agents, solicitors to do the conveyancing and so on.
One fact gives me hope. In a part of Malaga, where houses and flats are cheap, the bus service is just about every two hours. Just imagine that. If they put on more buses there, more people would surely move into that area? A huge potential for growth into normality is there.
As they take out the maraccas and put on the Flamenco dancing, and croon a viva la Spania, very soon we can all drink the red wine and say Ole!
|Posted on September 10, 2012 at 7:35 AM||comments (5)|
I have been a little bit busier than usual, having now been appointed the Ward Executive Secretary at the Ilford Church of Jesus-Christ of Latter Day Saints, and therefore not having the time to write so many blogs nor updates so promptly as before.
My thanks to all these for Referring Traffic in the week ending 8th September :-
Stumbleupon.com - TOPS for 29th week running. A huge thanks!
Google.co.uk, .com, News.google.com, .sg, .ca (HQ!)
norwayescortzone.com too have looked me up, so I list them here.
Last week my blogs were as follows, so should you wish to catch up with my views, please visit : www.durudarshan.co.uk/blog
- Who should the PM tell to stop dithering?
- A debt of 10,000 what does it cost?
- Are the markets expecting a Black Swan event?
- Give away the gift of progress
- Baba Ramdev, Ilford Shop.
Till my next blog.
|Posted on August 30, 2012 at 5:26 AM||comments (6)|
Last few days people have put search phrases relating to Gurdas Sidhu and Knowledge to Action, and somehow found their way to my website, as I wrote about them in May at the time I attended the Business Show.
Since then, I have attended a couple of talks on the Stock Markets and the Forex Markets, held by Knowledge to Action and their new offshoot, Learn to Trade. Greg Secker, who is said to be a very successful trader, owns this organisation. His aim is to mentor successful traders. Gurdas Sidhu is a professional trader, who became a successful trader before he graduated, running a mini Hedge Fund from his student room.
I have read through their literature and feel they can teach their method to people, to make money trading. However, I am not sure if all students have the patience to actually study and then apply the rules they learn. Nor of course is there any guarantee that if you trade by the rules then your trades will be successful. Market conditions constantly change. Even the best looking chart formations do not necessarily follow through if investor interest is not there.
Knowledge to Action offer a good course, where would be successful traders and future millionaires can purchase the software, do the immersion training on a Live Trading Floor in Chelsea Harbour for two days, then progress from there with a six month coaching programme, where they can sit at home and learn from a once a week Mentoring programme. It is close to hand-held training to be a good trader. It is a good course for people wishing to work in stockbroking or hedge funds or become self-employed traders. Diligently studied and applied, the rules probably create more winners than losers.
|Posted on August 29, 2012 at 3:56 PM||comments (1)|
For most of this month, the DOW Jones Industrial Average has hovered above 13,000. That's tells something to some people straight away. It is consolidating upwards. On days when the volume has been above a million contracts, the Dow has moved above 13,150. On lower volumes, the price has been lower also. That to me suggests new money is patiently waiting to go into the market if there is sign of strength.
And strength there could be. The average has moved higher, together with a positive sentiment, although at this stage that belief is not so widespread. Confidence is returning, nevertheless, and as the economy registers this in growing confidence in the Housing market and the Transportation sectors, I can only conclude that things are improving for the U.S. economy and the DOW Jones will move up further also.
Onwards and upwards!
Caveat, this is my opinion, everyone invests at their own risk.
|Posted on August 28, 2012 at 10:04 AM||comments (0)|
Amid talks of a financial stimulus and what will be announced after the meeting at Jackson Hole, the markets have seemed to pick up somewhat only to stop and pause for answers. What is happening? What sort of stimulus is in store? If Qe2 was not very effective, what can be expected this time?
Mario Dragi of the ECB is not going to attend, due to a full intray at home and ongoing developments with the Eurozone.
I guess some reassuring statement will once again be the order of the day, that if things so neccessitate, then a stimulus will be considered by the Federal Reserve.
As the economic indicators in the States seem pretty healthy, suggesting a moderate growth which is likely to strengthen into 2013, perhaps some stimulus in the shape of residential and commercial portfolio consolidation by the government agencies and then more cheaper jumbo loans for hard-working and deserving families to share in the country's wealth, may prove most effective. That is my suggestion. More jobs, and side by side easier loans to buy houses and cars. A common-sense formula for growth, which would see all sectors pick up.
I looked at the figures published by the Brookings Institution this morning. It seems like a very steady Recovery for the U.S. The Case-Schiller Index and the auto and transportation sector figures auger well for the next 9-12 months, a continuation of Recovery.
I welcome your feedback, so please do write in and let me know.
|Posted on August 18, 2012 at 7:27 AM||comments (2)|
I am very glad to note my blogs are popular with an increasing readership. I write on topics relating to factors which may influence the continuation of worldwide economic Recovery. I believe the world is a rich place, and wherever peace is maintained, prosperity will unfold.
People were reading the following blogs over last 24 hours :-
- Industrial Production slumps in India, but there is hope
- Living the Gospel of Jesus Christ
- Hot weather, droughts, some tensions
- Olympians training may provide inspiration for the UK economy
- The Olympics Feed Good Factor
- Couold the DOW Jones go up 500 points a month?
You can read these and all my other articles at www.durudarshan.co.uk/blog
Until next time,
Durudarshan - Investment Analysis
Goodshow Trading Ltd, IG3 8BQ,