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)

Bailouts, Citizen responsibilty, Uncategorized

More $$2 bailout more jobcuts?

redserpent@wordpress.com:
Secretary of Treasury Geithner announced in his first day that Banks will need $4 “Trillion” because they do not have enough capital … Hey we’ve known that for a while now! everything we have bought in the last 20 years has been pretty much borrowed in other words we have not had real money to save in banks for some time now.
Just remember that as long as we do not manufacture products here at home then every penny the Fed prints will go out of the US not savings therefore no money into banks. Have you seen the many cities that China has built? many and all paid cash and they are still sitting on a pile guess where that cash came from? you got it, US
How did this all happen, WHO made the wise decision? Not some poor Mexican sitting in Tijuana. He did not walk into a corporate boardroom and demanded Hey send your jobs to Tijuana because I want to work for 6 months and then retire for life with that itty bitty money.
WHO then: American CEO’s …think who else?
WHY: CEO’s(which is not the same as the free market system nor are they the corporation) kept saying for decades that what is good for the shareholders is good for America.
WHO ARE THE SHAREHOLDERS? Well the CEO’s of course that is how they get paid, they usually are among the strongest shareholders. Regardless of profits or sales if laying off workers sends the share prices up, there will be layoffs. Before arguing with this statement go to the library and study and research it yourself because you can do it, you are capable of it, you don’t have to call some talk show host to do the thinking for you. I know you got intellectual balls, use them.
Think: If cheaper workforces was good for the shareholder why don’t they hire cheaper CEO’s from Mexico and China at a 1/20th the price? Chinese, Korean , Japanese, Indian CEO’s are doing very well so is Mexican Carlos Slim the 2nd richest man in the world.
Let me paint the picture:
55,000 to 76,000 jobs cut in single day, coincidence?
Home Depot: 7,000 cut because they are not selling as much “Made in China“ products.
GM: 2,000 cut jobs, they just got bailed out and lookey here!
Caterpillar: 20k \ Proxy Mining: Caterpillar Chief Made $17M in 2007, Possibly Half That This Year reports NYT–>In 2007, its chief executive J.W. Owens received:
– a base salary of $1.5 million
– a bonus of $300,000
– stock awards totaling $918,626
– option awards totaling $7.1 million
– non-equity incentive plan compensation* totaling $4.4 million
– change in pension value and non-qualified deferred compensation** totaling $2.6 million
– other compensation*** totaling $221,307

Total: $17.1 million, up from $14.8 million in 2006.
Texas Instruments: 3.4k \ Fourth-quarter sales fell to $2.49bn, or 8 cents a share, below analyst estimates of 11 cents. Quarterly profit fell to $107m from $756m a year ago …still $100million+ profit!

Pfizer: 19.5k after takeover of Wyeth.
My roommate has a serious illness 2 weeks ago she went to fill her prescription for 30 days and the tab the pharmaceuticals demanded: $1,200.00( that is right 30 days). My roommate is not the only one in America using Pharmaceuticals.

Sprint-Nextel: will cut 8,000 to save $1.2b Even when its stock is rising \$35bn merger[Dan Hesse ceo-] \\ cut 4k last year now has 56k. Also stopped matching 401k
AT&T plans to cut 12k[approx. 4%]Sprint the company had a cash balance of $4.1b after paying debts in 2008 claims lost $1.8bn to AT&T and Verizon. They are laying off people with a cash balance of $4,000,000,000+ in their coffers

Why do I write this?
The objective is to spark the fire of curiosity to learn for one self (every one of us) to develop the courage to learn about economics and money matters and business management, we have to.
I BELIEVE THAT THE REASON WHY (we the working class)GROUPS SUCH AS THE UNIONS FAILED SO DEFINITELY IS BECAUSE THEY GOT EDUCATIONALLY COMPLACENT. Made the same mistake that Native Americans did 100 years ago, they signed a paper. Yes Unions signed a paper agreement with management and figured that all they had to do is work hard and mind their own business. Live and let live. Did not fare well to butt heads.
When it came to understanding the big financial picture we got out maneuvered by more nimble management that capitalized in a changing culture and country. But this is another story for another time.
Never did I want to care for the evil journeys of money …I was wrong all I did was neglect my understanding of the society in which we all live AND WHAT MAKES IT TICK. I’ve now learned that is my duty to educate myself in these matters. And incite you all to do the same, we all can because is the only peaceful way out my friends. The Only one.
It is a beautiful day to be a student today.

To Thy Own Self Be True.