Archive for June, 2013

The 7 Ways Successful People Approach Their Work -Forbes

The 7 Ways Successful People Approach Their Work

Great article in Forbes about being successful and the traits the successful people use .

Regards

Tony Evans

Is the Chinese bubble bursting ?! Perfect storm ahead

Thursday was a very bad day for China’s economy, the world’s second-largest and a crucial pillar of the global economy, with credit markets freezing up in an unnerving parallel to the first days of the U.S. financial collapse.The Short term borrowing rates in China have soared to record highs as credit dries up ! Looking at this people are fearing the liquidity is on the verge of drying up .

The indicator for this was Shibor (Shanghai Interbank Offered Rate) was at one point up over 29%! This could be the start of the end of the Chinese machine ? The central bank refused to do anything to calm the market .

Perfect Storm
As the Fed prepares to taper its bond purchases (QE) at the same time as tightening the spigot of worldwide dollar liquidity also with the ECB pulling liquidity out the market .

Chinese leaders appear to be causing this problem deliberately, likely to try to avert a much worse problem. And, second, if this continues and even it works, it could see China’s economy finally cool after years of breakneck growth, with serious repercussions for the rest of us.

The effects are felt across the world mainly in the commodity export economy ( Russia , South Africa and Australia ) Australia is looking it could be having its first recession in 25 years!

Fed chairman Ben Bernanke has brought forward his QE exit by lifting the unemployment target from 6.5pc to 7pc. He dismissed the looming threat of deflation as a “transitory” effect.

In my opinion the party’s not over but it’s slowing , and as such I am out you can never go broke by taking profits .

What people forget os that the Latin America’s debt crisis of the early Eighties and East Asia’s crisis in the Nineties were both triggered by turns in the US credit cycle. We never learn ,

China has so much excess in the shadow banking system its scary ! This can make the financial crisis look like a little shower !

China has credit worth $23 TRILLION ! Double the economy , or the same as USA and The whole European Union economy combined !!

When in doubt get out , re focus and re align your thoughts .

Happy Friday

Tony Evans

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Failure: It can destroy you, or it can make you so freakin mad that you work even harder to become the winner you know you are

Failure: It can destroy you, or it can make you so freakin mad that you work even harder to become the winner you know you are

Printed and placed on my wall.
lets lock and load,
Tony Evans

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The only thing, the ONLY thing you can count on at any given moment is YOU. It’s you versus them. You versus no. You versus can’t. You versus next year, last year, statistics, excuses. You versus history. You versus the odds. It’s you versus second place. Clock is ticking, let’s see what you’ve got. – ANGELS DEVIL

Now that’s a motivational speech !

The only thing, the ONLY thing you can count on at any given moment is YOU. It’s you versus them. You versus no. You versus can’t. You versus next year, last year, statistics, excuses. You versus history. You versus the odds. It’s you versus second place. Clock is ticking, let’s see what you’ve got.
– ANGELS DEVIL

You tube video of the speech !!! Must watch
http://youtu.be/pJf4USdb8lg

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Japan exports improve most since 2010 over 10%

We seeing Abenomics arrow 1 & 2 having a huge effect on the exports.
That’s one full quarter of improving result , showing that the market is going right way .

Lets hope this continues .the big test will be the up and coming election , if Abe wins then we can see some proper structural changes , if he gets 2/3 majority we can see some constitutional changes !

The third arrow missed the target the first time hope his next aim is better

Japan exports improve most since 2010.

It has been three years since Japan enjoyed this level of exportation. In May, shipments shot up 10.1% from the previous year, marking the third consecutive month of improvement.

Shipment exports picked up in key markets such as the US, rising 16.3% from a year earlier, whilst shipments to China increased 8.3%.

A weaker Yen boosted exporters’ business in May, as it made Japanese goods cheaper overseas, thus increasing profits in an industry that Japan largely depends on.

Such positive date therefore boosts Prime Minister Shinzo Abe’s plan to revive the economy.

Morgan Stanley Analyst Shuji Tonouchi explained that the breakdown shows that export volumes are still a little weak, but demand from the United States is ‘doing well’. Overall, he added, “We can certainly say that exports are headed in the right direction”.

On the other hand, imports also rose by 10% in May from a year ago and therefore, the trade balance came to a deficit of 993.9bn yen. This marks the 11th straight month that Japan has posted a deficit, as energy import costs continue to be high after nuclear plants were shut down.

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For every minute you are angry you lose sixty seconds of happiness.

For every minute you are angry you lose sixty seconds of happiness.Enerson

As we only have 86,400 Seconds in a day lets not waste them .

Lets lock and load ,

Tony Evans

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What people say about successful dedicated people .

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Tony Evans

Dollar’s upside capped at ¥95 level | The Japan Times

Without a clear policy from both sides, FED on wether it will start to taper QE and when . then from Abe on his policy on his 3 arrow . Abe will do nothing until the election is over .

Until then 95 will be the norm , but personally I see the USD strengthening in the short term ,commodities weakening also .

Tony Evans

Dollar's upside capped at ¥95 level | The Japan Times.

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Weak pound has cost British expats ‘billions’ as their pension shrinks in value versus local currencies

Weak pound has cost British expats ‘billions’ as their state pension shrinks in value versus local currencies

Good article for individuals that are living from the UK to read .
In my role as a financial advisor I see the effects this has done on individuals standard of living .

And it could get worst, this is a article in the Telegraph http://www.telegraph.co.uk/finance/comment/rogerbootle/10123660/The-pound-must-fall-further-if-Britain-is-to-have-a-lasting-recovery.html?placement=mid3
But there are things one can do , take control is the main thing . Mail me of you have ay questions.

Tony Evans

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UK pension rises are at risk – Webb

UK pension rises are at risk – Webb.

Pensions minister Steve Webb said that nobody could guarantee the survival of the ‘triple lock’ system after the next general election.

The triple lock system, which ensures that sure the basic state pension will always rise according to the highest of average earnings, inflation, or 2.5%, has so far kept pensions on an upwards path. It has so far been key to maintaining the ‘grey vote’.

But Webb’s comments are the latest in the fiery debate in Parliament over whether the advantages offered to pensioners can be sustained.

In an interview with the Financial Times, Webb said that in 2015, each party would say what it would do about the triple lock. He said he was personally in favour of keeping it, but that the issue would have to be discussed as a party.
Benefits for high income pensioners are also set to be trimmed down.

Webb said that in light of an increasing generation gap in intergenerational equity, it was unfair to expect “our children and grandchildren [to just do] more and more.”

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