"Briefcase Indicator"


If you trade, have a mortgage, you'll probably heard of the name Alan Greenspan, who's the ex chairman of the Federal Reserve of the US from 1987 - 2006. I used to remember how cautious people are towards what he says and how he says it, to the point where if he sneezes, the world would catch a cold.

Anyway, he's important, because he "controls" the interest rate. If you have a mortgage, and imagine it being a noose (close enough huh?) you'll know that the interest rate is almost directly proportional to how tight the noose felt around your neck. Which is why, you'll want to know when he next wants to toy around with it.

To the point where CNBC created a gimmick called the "briefcase indicator", in which cameras will follow Alan Greenspan into his morning fed meetings. If the briefcase is thin, it means the economy is going fine and there won't be a rate hike anytime soon, in contrary, if the suitcase is stuffed full, it means lotcha work has been done and a rate hike is looming. Facinating huh?

But in Alan Greenspan's own words, " .. for the records, the briefcase indicator was not accurate. The fatness of my briefcase was solely a function of whether I had packed my lunch."

So there you have it. The "briefcase indicator" explained.

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About Ambition

" Ambition can be pretty heady, like an expensive perfume or that new car smell, and you're both drawn to it and a little afraid of it. Ambition, like most strong forces, is an excellent servant but a bad master. As long as you remain aware of your ambition and make sure it doesn't get too outsized, you should be just fine. So go ahead and reach for the stars -- they're reaching back."
- Yahoo Astrology.

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The Rich gets Richer

"Alabama Redneck"

A Redneck from Pohickey, Alabama walked into a bank in New York
City and asked for the loan officer. He told the loan officer
that he was going to Paris on an international redneck festival
for two weeks and needed to borrow $5,000 and that he was not a
depositor of the bank.

The bank officer told him that the bank would need some form of
security for the loan, so the Redneck handed over the keys to a
new Ferrari. The car was parked on the street in front of the
bank. The Redneck produced the title and everything checked
out. The loan officer agreed to hold the car as collateral for
the loan and apologized for having to charge 12% interest.

Later, the bank's president and its officers all enjoyed a good
laugh at the Redneck from the south for using a $250,000 Ferrari
as collateral for a $5,000 loan. An employee of the bank then
drove the Ferrari into the bank's private underground garage and
parked it.

Two weeks later, the Redneck returned, repaid the $5,000 and the
interest of $23.07. The loan officer said, "Sir, we are very
happy to have had your business, and this transaction has worked
out very nicely, but we are a little puzzled. While you were
away, we checked you out on Dunn & Bradstreet and found that you
are a highly sophisticated investor and multimillionaire with
real estate and financial interests all over the world. What
puzzles us is, why would you bother to borrow $5,000?"

The good 'ol Alabama boy replied, "Where else in New York City
can I park my car for two weeks for only $23.07 and expect it to
be there when I return?"

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Don't get left in the Cold


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Flipped

I remember the time when employment figures was hitting news every other day (Unemployment, lowest in the last 26 years!!) you can easily stretch your CV a little and get to where you want to be.


Like,

I drink 12 coffees a day, from the coffee aroma, I can tell which brand and where the beans are sourced from. Thus, I can be a gifted Coffee Specialist, hire me. (there's actually such a role mind you).

Employers used to look for every reason to hire you during the good times, and every reason NOT to hire you during the bad times. Like now.

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Passion

Recently I've discovered a new feeling of passion, re career. It's a bit like showing a banana and a human face to test a monkey's preference.


In comparison, and as humans, I think we tend to over-analyse things. Between two jobs, we'll think about the pay, the company, future prospects, the role itself, the people etc etc. THEN we make a judgement as to which one we will go for.

However recently, I read of a simple type of role, somehow it makes my eyes glow, my heart soar and sent all my reasons out the window. wow..

But actually, I've explained myself, it's like showing a banana vs a human face, to a monkey. Except, I am not a monkey. So I shall continue the torture with reasons.

" Life without passion is unforgivable"

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Eclipes

And so China had witness the longest total solar eclipse in the 21st century. Which also means... you have to wait another 100 years to witness another solar eclipse as such. Well, that's not gonna happen for us is it.

There're many superstition and terror during times of eclipses. Understandably so because in the old days.. birds would stop chirping, dogs would howl and the world would suddenly be plunge into darkness. Boo.

Well now we know that it's only our moon passing between the sun and the earth.

But if you believe in astrology... eclipses are times of change. Something along the line of doors closing and new doors wildly being swung open. Now that's exciting isn't?!

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Healthcare

If Healthcare is really the next big thing, you know, as with the emerging dot.coms back then which pretty much revolutionise the way we do things, like.. instead of asking for an address so you can send them a snail mail, you ask, "are you on Facebook?"


It would be a freak to not own a computer today.

But if we pride ourselves on healthcare being the next big thing and a new industry on it's own.. I am actually skeptical as to how far it can go. You know, more affordable healthcare would be the norm, but can it overhaul the world out of this recession? Or are we talking about chip implants, maybe a back eye or a third limb?

Would it be a freak to not own a brain chip in the future?

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Un-Employment & Hope

I supposed when I quit my job last year around Oct, I didn't think the econ was going to be this bad. Unemployment is still rising (I am referring to the States), fast approaching 10%, and in some States it has already reached 11%, and we are talking about millions of people here, some barely have enough money to survive beyond 3 months (thanks to bad financial education and credit cards).. What to do, what to do.

The interesting fact is.. The last time the world econ was in such bad shape was probably 1929 (and let's not talk about that since it's before I was even born), so the closest would be year 1987. Very similar scenarios, bailouts (Citibank was bailout then, they're being bailed out again this time round, time has changed nothing and we've learnt little huh?) credit crunches and unemployment..

The notable difference to me between now and then.. is the emerging of the dot.com industries, which pretty much revolutionized the many things we do today, you know... better faster hardwares and softwares, dot.com, the silicon valleys etc. The emerging of big names we know today like Yahoo, Google, Ebay, Amazon.. etc.

The creation of a new industry (in this instant dot.coms) which started probably 1994 (right after the 1987 crash) has pretty much resolved much of the unemployment issues. What goes with that? With employment there's income, there's demand for new offices, luxury items, business travels etc etc etc.

But now.. I wonder if the new proclaimed industry is going to resolve the unemployment issue, so we can party like it's 1994 and get ourselves out of this mess, so I can at least fudge my CV a little and get to where I wanted to be (Thanks to Bush! *shakes fist!*)

Is Healthcare and Green Industries really our next hope?

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Thank you for Loving me :)


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Recession Coke



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Perplexed

Like... how confident are you in differentiating,

1) Cocky vs Being confident?

2) Ego vs ACTUALLY knowing what you're doing?

3) Gambling vs making an educated guess?

I suppose it's only a state of mind. Sometimes the mind only sees what it wants to see, and believe.

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Take it easy, it's Friday.



(credit to Holly)

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1 Cent too Greedy

I trade shares from time to time, it's good side income if you know what you're doing.


Today just happen to be one of those days that you're 1 Cent too greedy and lost the plot, followed by the dawn of perfect reasons to start beating yourself up. It's one of those things that would echo with traders who trades rather frequently.

BECAUSE of that 1 Cent, it fell through, and this share I was trading went from an upside of +7% to a downside of -8% within the day. Yeap, -8%, if you think that's not a lot, well I betcha won't get +8% interest from the bank no more, in which you have to wait ONE year for the bank to credit you the full interest.

Anyway. I have learnt not to beat myself up over certain things. It's one of those days where I can only trade with the best of my knowledge, in the absence of "privileged" information, ie. rumours or insider trading news (which can be illegal to obtain by the way). I can only do so much.

*But rest assure... I SHALL BE BACK, SHAKES FIST*

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She Was Right


And so the earnings on Goldman Sach has been released just last night. It turns out that she was right. Raboo.

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Probably the Oprah Equivalent


Meet Meredith Whitney. I would probably call her the Oprah equivalent in the financial sector. I was quite amazed that her words alone was enough to lift up Walls Street just a couple of days ago, literally uplifted the market by $B of dollars.


Basically she gave an earnings upgrade on Goldman Sach, Walls Street's largest and still surviving Investment Bank, and due to release it's earning just a couple of days after that. With her reputation on the line as the second best stock picker in the world (I wonder how people come up with such titles) and the Worlds Top 50 Most Powerful Women..

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Point in sayings..

There's a saying that goes, "if it looks too good to be true, it probably is".


Applies to *drum rolls* American International Group (AIG)
A share that dropped from an all time high of USD $100 per share until (let's just say around) USD $1.

I must admit that out of some common sense and greed has prompt me to pick up some shares. First, I know the government has decided to bail out the company, which means.. it ain't going down anytime soon. Secondly, it's cheap as a scoop of chips.

Despite all that common sense.. lately I've decided that it's not worth the effort. Because..


2) Out of shame or pride, some smarty pants will and have quit. Dear AIG, I quit!

3) Despite posting the largest lost in American history a few months back, now they probably have even more loses recently DISCOVERED on their books..

4) I no longer trust their management.

Bye bye AIG. Good Luck.

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Amongst all things..


... lately I've been addicted to the bejeweled game.


It's a puzzle game as described in the diagram above. By swapping adjacent gems to disperse a set of 3, and you get points. Subsequently, multiple sets will score you more point, a power gem even more, etc etc.

But the thing is, each time when you start a game, the sets are randomly selected, and it's up to you to make the most out of it. Maybe that's the beauty of it.

Despite being a self proclaim mastermind of the game - not. I find the set at the start pretty much determine how well you will flare in the game, unless you keep making stupid mistakes. (Sometimes things are a matter of chance, there's only so much that you can do).

Sometimes you get stuck in the game, big time, while time is running out.. You find yourself chanting "Give me a break! Give me a break!", sometimes a lucky break is all you need to thrive in a losing environment and go onto the next level. (Sometimes all we need is a lucky break).

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Probably Well Said

Paul Krugman, Nobel Prize Winner.


" Whom the gods would destroy … they first make Republican governors. That is all."

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The Reality of Earth


This is the reality, we're freakin' heating it up. From source.

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Consider yourself lucky

... If you're still working. 


US employment figure came out yesterday, and there's a whooping 100,000 more job slashed from the economy than most economist had predicted, which brings the total job slashed in June to close to half a million, which brings the jobless rate to 9.5%, and the total number of people jobless in the States to approx. 15 million. 

Yeap, 15 million jobless... if you think about it, that's a lot of people doing nothing everyday.

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Different Lives

This is what my snail does everyday, day in and out, eating algae.. sometimes I wonder if it ever gets bored..

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