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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?
The news from the Federal Reserve that it expects of maintain the Stimulus at $85 billion a month in bond purchases should have been great news for the markets, yet they headed slightly lower. The fact that there was no mention of the sequester was a bonus. The damper was I believe the news that Senator Paul is prepared to veto the appointment of Ms Janet Yellen to head the Fed. It seems the tea-party Republicans have been having a crack at bringing down the government for the last three and a half years, and they are trying to give it another go. Ultimately, it seems that good common sense will prevail in the good of the nation, and Ms Yellen may yet take control of the spigot and give everyone some punch for the New Year. At least the majority of analysts at CNBC hold that view, and people are expecting the markets to strengthen further : will the DOW test 16,000 before the year-end?
The housing figures were disappointing, but you cannot blame the individual homebuyers. The air of uncertainity created by the previously on-going sequesteration cuts, then the partial government shutdown, then the delay in agreement on the debt ceiling raise, must have compounded to weigh down sentiment. Yet it seems the hedge funds have purchased lot of housing stock, and put it into the rental sector, and house prices have been buoyed up. This may be good for the hedge funds, but for the individual homebuyers it means having to begrudgingly pay rent instead of a mortgage, but a roof is a roof anyhow, and thank God for investors who have the wherewithal to buy and rent them out.
Once the air is clear, and assuming the punchbowl is replenished, hopefully until the end of 2014, then housing Recovery should gain some stability. For the individual homebuyers, it will be a great point to join in in the party.
Under Mr Obama and the Fed's accommodative policies, Wall Street has done well, now reaching for a record high. Money has been invested in equities, turned to working capital for the corporations, income for investors, and built up a substantial cushion for the pension pots and investments. So far, it has been a good reservoir of capital, and providing confidence is maintained, will continue to be so.
What maintains the house should be good for everybody. Of course one or two senators may not care much. I hope they will not inflict a lot of pain on the system as a whole by sticking to their guns too rigidly. The climate is one for accommodative policies of co-operation, so that the world may avoid another recession soon after the longest one in recent history is hardly over. Just for the sake of humanity, they have to rethink the consequences of their stance.
Obamacare is a great idea if it were like the National Health Service in Britain; but it seems the way Medicaid is being expanded to cater for the people who were previously without cover is placing substantial burdens on the system. Quite a lot of people are having to pay much more then they did previously in order for additional people to get cover. This just does not seem fair. Perhaps a parallel stand-alone system of walk-in centres could be sponsored by the government to cover people who did not previously have cover, so that those who were happy with Medicaid could possibly be happy with them once again. As I have remarked previously in my column, the NHS in Britain evolved for 40 years from the Poor Laws of 1907 to Royal Charter in 1947. Such a grandoise system cannot evolve in a short few years, and the teething troubles with the glitch in the computers may be the least of the problems.
All things being equal, 30th November is not far away, for people to see how Obamacare is rolled out.
I would have suggested even more patience so that a balanced, truly Affordable Health Care may evolve for the United States.
When I get so many readers from Kansas City to my blog, I think Narayani Namastute! Narayani Namastute! Yes, on the auspicious day of Full Moon, as it was yesterday, and with the conjunction of the debt ceiling raise decision in the U.S., I was wondering what the Kansas City Fed Chairman Narayanan Kocharlakota was thinking. I haven't read anything in the press, but he is normally an advocate of quantitative easing with deliberate measure. In this regard, again, it is early days to see a ballpark figure of the debt ceiling raise, and for the 4 months of January 15th, Congress has announced that the U.S. government will be fully funded. Their Comptroller is likely to know what that means, and how much money will continue to flow into the system until then.
In the meantime, it must be a great relief that the shutdown has been lifted. Never again, I can hear everyone saying. People have lost income and business, tourists have suffered not being able to visit monuments and museums they may have especially travelled over the States to visit. The short but very long 14 days have cost the U.S. dear, to the tune of some $24 Billion in lost revenue and productivity. The lesson is clear, such a shutdown over an extended period would cause the economy to slow down, and the economy to lose something on the GDP measure. It is like an economy in good shape being told to trim down. Never again, I hope.
As to the ballpark figure, my suggestion is $1.32 Trillion over 20 months, which works out at $66 Billion per month. After payment of some $60 Billion per month for the social security net, that leaves $6 Billion per month for enterprise and job creation. Jobs ranging in pay from $20 or $30,000 per annum to $250,000 per annum could be created, perhaps 300,000 or 400,000 per month. And he presto! within six months the U.S. would have whizzed on from Recovery to Prosperity.
But that's just a ballpark figure I am suggesting. At current Stimulus of $85 Billion per month, maybe it could be different. In view of the regime of Abenomics in Japan and their Stimulus of $85 Billion per month, the per capita differential is in Japan's favour. It is a theme to be explored over the coming days.
I am glad to note the global economic order has been stabilised after the agreement in the U.S. on the debt ceiling raise. As they all enjoy four months of relative calm and stability until 15th January and then to 7th February, I trust they will have this in mind and not give everyone, including themselves, a tough time.
Certainly, the costings and implementation of Obamacare is something they can review and see how technically it would be best implemented. The beginnings of the British NHS took about 40 years in gestation, before it received the blessing as a Royal Charter in 1947 under the kind King George. Obamacare is by comparison in its infancy, and needs to be tweaked and explored before this very sound principle can bring benefits to the citizens and the nation.
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)
It seemed the stockmarkets had topped, and people were willing to take out some profits. Equally, it seemed there was fresh money waiting to be invested, especially with promise of low interest rates for the foreseeable future in Europe, U.S., Australia and Japan, as well as China, all of which are using policies to generate further growth.
The weak 0.1 percent GDP growth recorded in the second quarter in Eurozone has certainly helped the preceding period not being classified a recession, but the growth is very weak nevertheless, and demands continued stimulus with low interest rates.
The Bank of England's Guvnor Mark Carney has suggested an accommodative policy, indicating a low rate would obtain until such time as the unemployment falls to 7 percent. This is a mixed blessing, as the government would prefer to see the rate fall faster but at the same time a prolonged period of a low rate is good for boosting the economy, as it generates growth. All that really remains to be seen is the local banks loan the money out to entrepreneurs, start-ups, traditional small businesses seeking to expand capacity and such enterprises. Britain's bankers will have to be just as willing to lend venture capital as the reputed bankers across the pond if Britain is to emulate the growth that has been created in the U.S. in the last four years. As they say, money is inert matter and has life breathed into it when it circulates, giving people a living, fulfilling their dreams, going round and coming back with interest. That is how wealth becomes created, utilizing what God has given in the form of farming and resources, to which is added human ingenuity and creativity, producing goods and services that have particular value and becoming marketable. How kind God is, the bankers must appreciate and help the cause of humanity in their endeavours by lending money to them, so they can buy houses, cars, trucks, vans, iPods, cooking utensils, giant TVs, etc, etc. Surely they would like to see people prosper?
The tepid movements in the stockmarkets today seem to suggest that the profit taking or jitters may be over. Despite continued bad news of clashes in Egypt, the markets were quite stable. It seems the conference called in Europe next week to address this issue by the European Union is probably likely to consider curtailment of aid to Egypt. The U.S. has continued in a generous spirit not to have touched on this topic, hoping the situation there will be resolved peacefully in a short period. Hopefully the Egyptian leadership and the people of Egypt will value this generosity, and try to reconcile their differences and work out a formula to appease both sides and let peace rule in their midst.
People seeing dead bodies being carried to a makeshift morgue were lamenting 'Haram, haram' - meaning they did not expect death when their relatives had just gone to protest peacefully.
I pray that God inspires the people to listen to the voice of common sense and reconcile their differences, and come to a solution that is just for all.
I pray for peace in Egypt.