American vision, Dilemas, Learn

Creative Problem Solving, week 1. A Coursera.org class

I joined the curse “Creative Problem Solving” at Coursera.org/ 8 hrs. ago. A different thing to do, imagine that. Soon discovered that class had started a week earlier and Homework was due in few hours. With 3 hrs left and feeling the pressure it was good to read and evaluate  a few of my peers, a divergent  solution. That exposure to different ideas did prime the creative side. The idea that just emerged was not connected to any process of analysis nor focusing an any problem. My problem was time,  a linear issue.

But what do we mean by being Creative?  *   What is this Creative Mind thing?

My personal belief is that Creativity is one side of the coin of Leadership.

We often view Creativity as an Insight Machine. So we look for ways to increase creativity(read this short Scientific American article) written Jul 21, 2009 |By Oren Shapira and Nira Liberman

We can see a contemporary meaning for creativity as the ability to find solutions that are brilliant and by that we mean solutions that enhance our lives to a new level. This solutions can be from inventing tools to managing resources, like the set of bow and arrow for tools or managing fire. Life has plenty of dangers, insurmountable  obstacles and just plain re-occurring complications.

How do we fix this? How do we make it better?  These are key thoughts.

And there is the rub, isn’t it? Our thinking. In particular our habits of thinking.  Much has been discovered and said about what aids the blossoming of this valuable skill. Even meditation has been suggested to help.  So I think today Creativity has come to crystallize one of 2 things:

  • for some the understanding that creativity is a birth quality
  • for others the challenge that creativity is a learning and a teachable process

This Coursera.org class on Creative Problem Sollving will examine both Divergent Thinking and Convergent Thinking, that Creativity can easily be acquired by changing habits of action and thinking. And we can develop Creativity as a skill just as we develop muscles to become strong. DSD, Do Something Different, Think different.

Divergent Thinking: the creativity engine under my rusty hood suggested several solutions after reading several posts from my class peer’s difficulties, and reading and identifying with their resolve. But one one suggestion had a louder voice.

On this first week’s lesson we are tasked to change how we eat.

Questioning the sources of opinions about ‘eating’ was first. Second: definitions.

What is eating? Eating means health now, but scratching the surface you will reveal the word Dining.
Dining and the cultural imprints of etiquette, cuisine, manners, social mores and style. These were strongly stressed in my family who had pride in gastronomical finesse.

You never ate in the bathroom and you never would,  … this is different!
This idea just showed up and I rejected quickly because it was a stupid and lame suggestion or not good enough to impress others and get a good grade.
What was stupid?  The idea intrinsically or the challenge of…” me doing such a thing! ” ?

It felt difficult to go through with it, yes easy activity to accomplish physically but not one a civilized human would do willing. Because

  • Eating in the Bathroom. It goes against everything I was taught on the subject of manners and have taught my children and struggle with my gran-children. Manners and a modicum of class.
  • This project has another difficulty, a personal one: I had to ask someone else to help me with the project. I hate to ask for help, it makes me feel dependent it makes me feel I owe something, unnecessary. My daughter and her fiancé, even worse. Did I mention that I hate to ask for help? Well I do. It is irrational, I know…may the time to change has come. But I hate it! di I tell you that already?

This project pushed me out to habits, my comfort zone and pride. If one was to solve one unsolicited problem, to my thinking then, submitting the homework within few hours after joining the class.

 So here is the proof I actually went through with the suggestion, and that I listened to that voice of creativity not the voice of my Habits and fears.

marenco1 a

Preparing the food. I don’t eat hamburgers, So I fixed one with green cold beans and carrots. The buns were spread with humus…yup roasted peepers humus.

Image Lime over cold burgers. Never had it before. I like limes but on a burger without salt? No..ok yes

No wordds are necessary. Did you say Hi-gene? I was cringing, but it got done.  It did not kill me.

Image In an clean environment  yet the mind has associated ideas with unclean and demeaning, rooted ideas that have emotional force.

  Summary for this lesson: 

  • A problem is a set of seemingly unbreakable physical conditions or/and mental rules that stand between achieving an agreement
  • The agreement can be a cognitive understanding of a value or material acquisition
  • There is a demand we call goal, a pressing urging from self or others
  • The creative process is the game of respecting the rules that contain us while finding a “Back Door” a …Hack!
  • There is no creativity without change through effort. Even accepting that one’s dire condition contain a hidden gift requires a paradigm change. Ask any Cancer survivor.
  • MOST IMPORTANT: Creativity is a CHOICE. It speaks to us as well as our habits and fears and desire speak to us. Developing the habit of listening and following through the suggestions of your creative voice

Fin de camino.  Thank you and good night. Till next class.

American vision, Global Finances, Learn, understanding economic events

How will Euro vrs.$Dollar, Gold & Dow end in June?


Where will the Euro, the Dollar, the Dow and gold end up in June?
Will Au(Gold) hit 1400, or the Euro find parity with the Dollar? Will the Dow dip below 900?

  • Au(gold): Many in the gold trade believe that Au will hit US$1300/oz. On Friday June 4 Au closed below 1200 but by late afternoon it was clear how poor the financial markets had performed that Au rallied $20.00 in a short time. Perhaps the traditional competition of Au versus the US$dollar has changed because gold is becoming the safe investment and trade of our time. Debbie Carlson of Kitco.com reports that Mike Daly, gold specialist for PFGBest believes gold has decoupled from other markets: “It’s really become the beast. But gold doesn’t care what other markets are doing. It doesn’t even care what crude oil is doing. The world knows what gold is. It might not know what an S&P is, but they know gold and they want it.” As more investors look into the American economy and realize how weak the economy is because of poor manufacturing base, high unemployment and higher government debt both at federal and local levels, gold will be in more demand. BP’s Deepwater Horizon disaster will end in political controversy inability to reign in BP and more US federal bailout, more debt.  Yes, there are good chances that Au(gold) will hit US$1400/oz. by June 30 2010.

  • Euro/US$: “However, a word a caution, when market analysts and the wider media begin to forecast the collapse of any market or instrument this is the point at which it generally rallies” writes http://www.euro-vs-dollar.com/ on response that a long predicted decline of the Euro to levels below 1.20 can be quickly contradicted when the general media gets a whiff of the now stale scent. What is driving the Euro to levels of near parity with the US$? Looking at screen shot of a chart from Nov-07 to the present we can see the Moving Averages hug the 1.25 to 1.40 zone. The Euro will hit below 1.10 by end of June but will still rebound as it has done before this time to a 1.36 level by end of the year 2010, as long as Germany remains in the Euro zone. France has threatened to leave while Germany wishes to expel Greece and highly indebted countries from the Euro zone but is this a probable situation considering the history of Europe’s banking system. Probably not for long, restructuring is more likely and a painful one. After centuries of quarreling and warring World War II left Europe under the protection of the USA, this artifice freed all these European estates to allocate funds into commerce and industry which before were used to keep up military  campaigns. NO the Euro will not hit 1.00 by end of June more like 1.06 because the Dollar is weak and BP’s oil spill will be cleaned with taxpayers dollars this will keep from the Euro’s long slide into parity before July. The real question is will Germany introduce/go back to the Deutsche Mark? probably Yes, regardless of cost. Under a Euro Zone 1.3 because the expulsion of Greece does not solve the insolvency of 3 major countries: Spain, Italy and Ireland their collective expulsion is not practical nor wise, the Deutschmarks is.

  • Will the Dow dip below 900 by June 30th? Summer is a slow season for trading but 9,000 is not far from 9,939 when considering that the Dow has dropped near 1,200 points since May. Yes it will dip below 900 by June 30th.
Global Finances, Learn, Recesion

dji DROPS -376.36, -3.60% ?


The Global Dow is open now in Asia and is rebounding well and so is Gold. In the USA the Dow fell over 37x.xxpoints and is my guess by looking at all the smoking guns and all the bodies around that the culprit is Congress approving the bill for banking reform.
Lets wait and see how the market reacts on the NYSE floor. The bill heads now towards the Senate for reconciliation.

American vision, Bailouts, Citizen responsibilty, Learn, poor leadership, World events

Detroit Auto makers can’t win even with Goverment baby-sitting

We as citizens need to learn how to identify winners in business, the companies, the technologies and the industries’ consistent performers.

A newspaper headline reports the sad story that clearly reveals signs of a pathological habit of losing as a group. Detroit and Michigan as a general population has criticized Government intervention and crusaded the values of the free enterprise system.

What is becoming clear is that they are not our best American warriors to win this economic war since their Free market skills lag far behind their political talk.

We need to focus on the many successful companies, smaller and less talked about but the hugely successful businesses such as Microwave Data Systems of Rochester, New York. Their success is not in fame but $$ and the professionalism developed by their workforce

Toyota Tops List of $$-for-Clunkers (clik 4more)

(NYT). “While American government officials hailed the month long program, which ended this week, as an overall stimulus to the economy, the biggest winner was Toyota, which accounted for 19 percent of all sales and had two of the top three best-selling models. The cash-for-clunkers program turned out to be a boon for Asian automakers and the small cars they specialize in.

The Transportation Department said Wednesday that participants in the clunkers program bought 690,000 new vehicles. About $2.9 billion of the program’s $3 billion was distributed in government vouchers, which were worth $3,500 to $4,500 toward new-car purchases.

Detroit’s three automakers — General Motors, Ford and Chrysler — accounted for 38.6 percent of the vehicles sold. That figure is substantially less than the 45 percent combined market share that the Detroit companies posted in the first seven months of the year.”

Clearly is not that they do not want to win but that they don’t know how in this new world that clearly was created with the help of greedy CEO’s.

America, greedy CEO’s do not represent nor portrait the American Free Enterprise System nor American Capitalism because they do not capitalize companies in America.

—oo000—

CHANGE=Δ

Subject Change %Change Value
DJI 4.23 +0.04% 9,543.52
NASDAQ 0.20 +0.01% 2,024.43
S&P 500 0.12 +0.01% 1,028.12
OIL -0.21 -0.29% $71.22
Gold 0.30 0.03% 945.50
Nat Gas -0.06 -2.23% 2.84
US $ 0.0004 +0.0006% 1.00
CSCO -0.07 -0.32% 22.0
YHOO -0.14 -0.93% 14.93
GOOG -3.37 -.071% 468.00
AAPL -1.99 -1.17% 167.41
MSFT -0.09 -0.37% 24.55

On the Lighter side

Once upon a time at a conference of Economists The Critical Question was asked and the results were typical it is said
Q: How many conservative economists does it take to change a light bulb?
Answer1: None. The darkness will cause the light bulb to change by itself.
A2: None. If it really needed changing, market forces would have caused it to happen.
A3: None. If the government would just leave it alone, it would screw itself in.
A4. None. “There is no need to change the light bulb. All the conditions for illumination are in place.
A5. None, because, look! It’s getting brighter! It’s definitely getting brighter !!!
A5. None; they’re all waiting for the unseen hand of the market to correct the lighting disequilibrium.

American vision, Citizen responsibilty, Learn, poor leadership, system management, system thinking

Crowley-Gates: Failed Leadership & common sense

Everyone has a stake in leadership, At the personal and group levels.

All we shall be talking here is basic stuff learned by anyone who has a job in any half way decent company no rocket science just broken down as basic system  components.

To make the right decisions we have to keep the eye on the ball. While negotiating a situation obstacles show up that will distract us, will steal away our peace of mind and our sober awareness needed to succeed peacefully  in resolving a situation. Taking things personally quickly latches onto memories of self pity or the fear of losing part of our status quo but it is much worse when it frees the seething dog of a festering anger. Invariably this appears certainly real. Yet it is our job to be the mature adults and discern real from not so real, momentary displeasure from long lasting gain. Such as relieving momentary anxiety by buying on credit an expensive item, or satisfying our anger and indignation by making emotionally offensive statements to defend our imagined offended dignity. In life everything grows, escalates and dies.

I believe this is factor in our present financial crisis: Imagine two layers of systems at work, the personal and the society at large & we have developed systems designed to contain personal tragedy to become viral and affect society at large, our undisciplined instincts and emotions at the personal levels are constantly happening, human but not the cause of national breakdown because we have systems in place that check that base personal humanity however we allowed our clouded thinking to disregard the system  in order to secure personal profit.

Recent headlines have brought to us one such case that has tentacles of disruption and clouded thinking, the arrest of a a man that broke into his own home because he had misplaced his house keys. The neighbor reported the break in, the Police officer arrived and was inside the home with the “perp” who claimed to own the home and certainly either the cop failed to ascertain that this man owned the home, lacked real  police skills remember this is not Boston , had an off day or was already predisposed to win “this fight/disturbance call”. The “perp” was not friendly so the cop admits that he calmly told the man I will leave his house go outside to discuss the matter further and one way or the other the Devil found two cocks to put in a fight and the peeing contest ensued, ending in The owning “perp” of the house in jail, photo muged and later released.  However the perp had ace up his sleeve a personal channel to the President of a very powerful nation, no Hondurenian president here at all. This fact appears that he kept to himself for later until sprung out from jail. Or did he tell the Policeman and the cop played his best Joe Friday & booked him anyhow. All of this very human not quite Shakespearean. The only reason why we know about this is because the arrested man is a really close friend to the sitting President of a large industrial nation.

So what really went wrong? That day at that moment in Cambridge, Mass. the leadership of several systems failed to keep the system running smoothly regardless of personalities involved

First the personal level part: Failed Interview

  • University Intellectual know how at graduate level failed for this individual. Forget about the pissing match between one leader of the intellectual class (Harvard Professor) that demanded prescient respect, who is he, The Godfather? and a just the facts Joe Friday cop. The Intellectual spent years teaching our young how to prepare well for interviews, adversity and challenges that will arise and rise above it, succeed, ignore the obstacles and persevere to improve society blah blah blah. The learning from our high Universities was AWOL,  failed one very expected phone call and interview: I broke into my house and  if somone saw me, say a neighbor, chances are that if they care about a neighbor’s property they will call the police so I better prepare my ID for when they arrive and interview me  // THE BALL: Is this officer protecting my property, yes.//  DISTRACTION: I need respect all my books and talks confirm this need
  • The Management of the shift in that Police Department as a system at the shift level that allowed this poorly supervised arrest. This arrest would not have proceeded thus far in my Hometown nor most major cities, racial tensions or not the Cambridge Police system failed the arresting officers regardless of how much loyalty they can mine for among their Blue brethren   // THE BALL: Does this individual owns this residence and is he here legally? Yes // DISTRACTION: I need respect as Police officer first. Fail to communicate data of subject’s high profile to Commanding officer
  • The Cambridge Community neighborhoods, a neighbor that was so keen to help in calling a fleeting break in but fail to ID and vouch that the Neighbor was not a “perp” after all but our old dear neighbor, well clearly no brotherly love here, no matter how you excuse it or rationalize it. // THE BALL: Is my neighbors home ok, did the Police find out, let me check maybe I can help ID the suspect. OMFG it is my neighbor after all Thank God officer everything is ok.  //DISTRACTION: ???

Second: broke down at the society/national level: Fail interviewing for facts

  • Gates is still at his house and other officers are present while Gates is clearly agitated(as shown in video. Where did it come from?) // BALL: ID individual, live alone? where does he work? Professor at HARVARD and agitated Check for background with Campus Security. Influential writer with critical books and videos about racism?? call for chain of command assistance //DISTRACTION: Rush. No stop and think attitude and lets think this over. The Cambridge Police Department should have an ISO9000/MRPII type of procedure and method to handle high profile figures since they are host to a high profile Institutions Harvard and MIT
  • Press conference at The White House: BALL: Does The President has the facts, NO. What is the diplomatic way of handling this situation? Admit to close friendship with Prof. Gates and will look into it, Thank You. //DISTRACTION: Commenting. How did he knew about this so quickly while so busy with great matters of state? Did the professor manipulate and “used” the friendship?
  • Town of Cambridge: // BALL: LEAD and ask all personnel not to comment as it is done across this great land, their job is to serve not agitate nor incite to riot,  it has nothing to do with freedom of speech. // DISTRACTION: ??? Need to come across as conservative and independent??
  • Harvard:  // BALL: Provide basic legal assistance to Mr. Gates seek peaceful and constructive resolutions for the community at large and assess the fallout of incident.  // DISTRACTION: seems that they do not seek interaction with the ball at all
  • The Media: //BALL: reporting facts only //DISTRACTION: Its own comments

The facts are simple, boring and admitted by the players own contradictions. The sad  story of an Ivy League leader who ignored and failed his own studies or successfully manipulated a friendship for personal gain.  Henry L.Gates is heard saying in an audio interview “what he needed was to treat me with respect not assume that i am the perpetrator”. about the police at his house investigating a break in into his house that he knew well in fact because he committed the break in, and if he truly believed to be correct in what he has been writing and lecturing all this years of the facts in racial profiling then he knew in advance that the police had a handicap so why not take the high ground? Class was missing in a possible class struggle. No thankfulness for arriving early to check a break in to his home? No, because that would have been demeaning? This would been demeaning only to royalty.

The Harvard professor is the anomaly here. The unexpected event. The neighbor is the rare alarm that catches the anomaly. So far so good. The neighbor calls 911 here is where the system is set to the ON position and it will not stop until there is resolution one way or the other.

This point onward is where all the systems involved failed including the media that reported it. Did the Professor manipulate the friendship or the situation believing that he had an Ace up his sleeve ( channel to the RedButton). It does not take a rocket scientist to smell undue personal profit here on inside track, Did Mr. Gates lead Mr. Crowley into an unfair advantage (fame and credit to his theories) with his presidential connections counting on the ignorance of the officer. Such behavior has jailed stock brokers in the past, ask Mr. Milken.

And this model applies to AIG, Madoff, Detroit’s bailout and our retirement plans.

What and where is the BALL and what are DISTRACTIONS.

We really do not know what actually occurred and if we did would we communicate it clearly without making things up?perhaps they were polite to each other and got on famously but when they stepped out the realized that they had a job to fulfill to maintain the race struggle and keep the media going blah blah blah

from: Tuesday, February 3, 2009

http://www.colbertnation.com/the-colbert-report-videos/217828/february-03-2009/henry-louis-gates–jr-

Georgetown University’s Michael Eric Dyson and columnist Kathleen Parker

audiio of 911 call

Learn, World events

Decide to learn

Google (goog) closed at  $396.63   -12.98 (-3.17%) it is easy to predict that this will close above $400.00 Thursday JUL 9, considering that it closed around $410.00 Monday JUL-6 after the anouncement that it will develop a PC Operating System. My guess is that the ensuing war with Microsoft (msft) willl produce some volatility in GOOG stock between 405 and  $420.00 for next 3 months as long as Googles anti-trust lawsuits remains NOT-Negative to Google. That is my prediction as a newbie, will see how it holds up.

Check  older posts:

Twitter: 4Sale: back 2Old failed ideas?

Previously Google was:

$711.25 on Nov 2-2007

$585.75 on May 30-2008

$262.43 on Nov-21-2008

From Bloomberg.com/

COMMODITY FUTURES

VALUE CHANGE % CHANGE
Oil 62.41 -0.52 -0.83
Gold 925.10 -4.00 -0.43
Natural Gas 3.41 -0.02 -0.67

EQUITY INDEXES

VALUE CHANGE % CHANGE
S&P 500 881.03 -17.69 -1.97
NASDAQ 1,746.17 -41.23 -2.31
Russell 2000 484.25 -9.78 -1.98
S&P/TSX Comp 9,844.35 -183.08 -1.83
Mexico Bolsa 23,359.94 -382.55 -1.61
Brazil Bovespa 49,456.70 -1,165.77 -2.30

EQUITY INDEXES

VALUE CHANGE % CHANGE
Topix 888.54 -20.59 -2.26
Hang Seng 17,721.07 -141.20 -0.79
Singapore Straits Times 2,257.74 -14.52 -0.64
S&P/ASX 3,767.90 1.00 0.03

Todays Term:/Word:

What Does A-Shares Mean?
Shares in mainland China-based companies that trade on Chinese stock exchanges such as the Shanghai Stock Exchange and the Shenzhen Stock Exchange. A-shares are generally only available for purchase by mainland citizens; foreign investment is only allowed through a tightly-regulated structure known as the Qualified Foreign Institutional Investor (QFII) system.

Typically, the most preferred tier of classified stock, offeringmore voting rights than Class B Shares. Class A shares are designed to insulate management from the short-termswings of Wall Street, by allowing those in management tocontrol a small amount of the equity of the company but still maintain voting power. These types of shares are notsold to the public and cannot be traded, which supporters of the dual-share system say allows management to focus onlong-term goals. In some cases, a company will designate shares to be Class A shares even though they have less voting rights, and designate the shares with more voting rights to be Class B shares; the decision is left up to theindividual company.

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American vision, Citizen responsibilty, Leadership, Learn, understanding economic events

Everyone can benefit knowing the Basics of Finance

Chrysler-Fiat to head to Supreme Court  “A group of Indiana pension funds has made a last-minute effort to block Chrysler’s deal with Italian automaker Fiat.” reports Money.CNN
Useless panic, worry and too late in the game is painful display of poor me. Asking to correct  neglected assets because no one did know how.
One reason why I write this blog, progress: Address a lacking essential life skill, Market skills that is. As participating clients of the pension funds around the globe we have a poor understanding of ‘The How’ when chicanery or dishonesty of our leaders affect retirement funds bottom line.
To prevent losses to crime and accidents we spend enormous time, money and resources to protect our mundane possessions and have organized layers of law enforcement.
We trail in doing the same to protect our retirement nest eggs. In other words basic working knowledge of the Stock Market.
This over sized scope and magnitude of the present crisis is the result of our past attitude. Properly armed with financial facts and honest attitude the bubbles would not have grown perversely everywhere. They would have been contained to smaller pockets of greed and inexperience.    Stock brokers can profit in up or down times since they have necessary life skills to navigate turbulent waters. Skills that allows the individual to control the building of his financial cushion. There are no excuses that work, clearly.
A basic knowledge of the Market and Investments is necessary to effectively stave the forces produced by incompetence or dishonesty. Whether is GM’s refusal to let go of the mentality that they knew what the consumer should buy or the SEC’s inability to press Madoff to produce  and analyze his data or our inability to realize that while the nation workers are been laid off, American jobs being outsourced, manufacturing plants closing yet …  yet there is a Real Estate boom! houses selling for 1/2 million dollars in the same neighborhoods where 15 years earlier they were selling for less than 100 thousand  yet everyone accepted it as normally ideal, we were to busy fighting about political agendas that betrayed the principles of their financing, ironic.
I knew something was certainly wrong with the picture but my lack of smarts in the Financial field prodded me to let smarter folk to proclaim that all is well just spend more, go to college, buy a  house and a boat fill it with cheap Chinese goods with your credit is easy just make goals have ambition and get promoted …find better job …you’ll pay off your loans soon, everybody does it. Whatsa matter you!  This has been the extent of our financial savvy and that of knowing the basic terminology on how to fill the forms for medical insurance, right?!
We can talk about conservatism, balderdash!
This crisis clearly shows we as society have lost conservatism somewhere in the farm. This is where political rhetorical slogans and partisan ideologies crash against the cold reality of cash or lack thereof leaving surprise and emotions insufficient forces to address and correct malfeasance.

Our goal is to learn the language of The Market and become aware of its effects in society, not teach anything.

Markets reported by The Financial Times

FTSE 100 4,376 -1.41% € per £ 1.15 +0.47%
S&P 500 940.09 0.00% $ per £ 1.59 -0.43%
NIKKEI 225 9,866 +1.00% ¥ per $ 98.52 -0.13%
EuroFirst 300 860.24 -1.38% WTI Crude 67.65 -1.15%

Apple [aapl]  chart by Market Club

Today’s comment:
Chrysler-Fiat to head to Supreme Court: “A group of Indiana pension funds has made a last-minute effort to block Chrysler’s deal with Italian automaker Fiat.”   Says a reports from Money.CNN
Useless panic, worry and too late in the game is painful display of poor me. Asking to correct  neglected assets because no one did know how.
One reason why I write this blog, progress: Address a lacking essential life skill, Understanding the Market skills that is. As participating clients of the pension funds around the globe we have a poor understanding of ‘The How’ when chicanery or dishonesty of our leaders affect retirement funds bottom line.
To prevent losses to crime and accidents we spend enormous time, money and resources to protect our mundane possessions and have organized layers of law enforcement.
We trail in doing the same to protect our retirement nest eggs. In other words basic working knowledge of the Stock Market.
This over sized scope and magnitude of the present crisis is the result of our past attitude. Properly armed with financial facts and honest attitude the bubbles would not have grown perversely everywhere. They would have been contained to smaller pockets of greed and inexperience.    Stock brokers can profit in up or down times since they have necessary life skills to navigate turbulent waters. Skills that allows the individual to control the building of his financial cushion. There are no excuses that work, clearly.
A basic knowledge of the Market and Investments is necessary to effectively stave the forces produced by incompetence or dishonesty. Whether is GM’s refusal to let go of the mentality that they knew what the consumer should buy or the SEC’s inability to press Madoff to produce  and analyze his data or our inability to realize that while the nation workers are been laid off, American jobs being outsourced, manufacturing plants closing yet …  yet there is a Real Estate boom! houses selling for 1/2 million dollars in the same neighborhoods where 15 years earlier they were selling for less than 100 thousand  yet everyone accepted it as normally ideal, we were to busy fighting about political agendas that betrayed the principles of their financing, ironic.
I knew something was certainly wrong with the picture but my lack of smarts in the Financial field prodded me to let smarter folk to proclaim that all is well just spend more, go to college, buy a  house and a boat fill it with cheap Chinese goods with your credit is easy just make goals have ambition and get promoted …find better job …you’ll pay off your loans soon, everybody does it. Whatsa matter you!  This has been the extent of our financial savvy and that of knowing the basic terminology on how to fill the forms for medical insurance, right?!
We can talk about conservatism, balderdash!
This crisis clearly shows we as society have lost conservatism somewhere in the farm. This is where political rhetorical slogans and partisan ideologies crash against the cold reality of cash or lack thereof leaving surprise and emotions insufficient forces to address and correct malfeasance.
Todays term:
What Does International Reserves Mean?
Any kind of reserve funds that can be passed between the central banks of different countries. International reserves are an acceptable form of payment between these banks. The reserves themselves can either be gold or else a specific currency, such as the dollar or euro.
Analysys:
What Does Moving Average – MA Mean?
An indicator frequently used in technical analysis showing the average value of a security’s price over a set period. Moving averages are generally used to measure momentum and define areas of possible support and resistance.
Moving Average (MA)