EUR/USD Down!

Good morning! I have been away for some time. Yesterday EUR/USD and GBP/USD went down. US dollar getting stronger!

I will be posting my Part II of Money do grow on trees soon, its all about AgriBiotech : )
And i will also be posting a write up on Fine Wine Investment!!

Money DO grow on trees!!

We always hear our parents say " Money don't grow on trees lah!" , u must work hard to earn money, study hard, go college, get a Degree, graduate and get a JOB, and then work hard to make money !

Sounds familiar?

Well, in actual fact nowadays "Money DO grow on trees!"

Stay tuned for the next post to find out Why money grow on trees now !

Turbulent Markets!!

The financial markets are experiencing sustained turbulence and volatility!!

In addition, the credit markets have witnessed an upheaval of unprecedented proportion. This disruption in the credit markets has affected everyone, including the largest financial
institutions. It has also created a liquidity crunch in the overnight rates that banks use to fund their foreign exchange positions. As a result of this uncertainty, the volatility in short term rates and a desire by banks to hoard cash, the swap rates used to calculate rollovers in the interbank market have become much wider.

Bush Plans Statement Tomorrow to `Assure' Nation

President George W. Bush will address the nation tomorrow to tell Americans they should remain "confident'' amid falling stock markets and a worldwide credit crisis, administration spokeswoman Dana Perino said.

The president wants to "assure'' the country that TreasurySecretary Henry Paulson and other administration officials are making "every effort to stabilize our financial system,'' Perino said.

Mamma Mia Comng to TOWN

Mamma Mia the Musical is finally coming to town.

"Timeless songs such as Dancing Queen, I Have a Dream, Voulez-Vous, and Take a Chance on Me, are ingeniously woven into an enchanting tale of love, laughter and friendship. On the eve of her wedding, a daughter's quest to discover the identity of her father brings 3 men from her mother's past back to the Greek island paradise they last visited 20 years ago. "

I remember watching this musical in Adelaide years back, it was one of those new year's eve with a really good and entertaining performance that one could not resist watching.

Better not miss this musical in Malaysia!

Money, money , money....

Hmmm, I wonder why they do not have this musical done at KL Convention Centre instead of Istana Budaya, the last time i was at IB, the conditions were quite pathetic!
Maybe they have improve on it this time around...


Check out the link on Mamma Mia commercials

http://www.mamma-mia.com/video.asp?sec=show

Trading the Non Farm Payroll

(click to enlarge)

Trading the NFP is one of those exciting days in Forex. As you can see, there is BIG movement after the announcement of the NFP news on Friday.

NON FARM PAYROLL

THE EMPLOYMENT SITUATION: SEPTEMBER 2008 Nonfarm payroll employment declined by 159,000 in September, and the unemployment rate held at 6.1 percent, the Bureau of Labor Sta-tistics of the U.S. Department of Labor reported today. Employment continued to fall in construction, manufacturing, and retail trade, while mining and health care continued to add jobs.

Non Farm Payroll

What is the Non Farm Payroll (NFP)?

Of all the world monthly economic reports, the monthly U.S. Non Farm Report (NFP) is the most highly anticipated and has the most dramatic impact on the currency market.

The report, which is released on the first Friday of each month and states the previous month's numbers, provides detailed industry data on employment, hours and earnings of workers on nonfarm payrolls. These numbers are the best way to gauge the current state of the US market as well as the direction that the economy is heading.

What's more, the employment numbers provided by the report are used by the Fed to shape their interest rate policies. The health of the U.S. economy and interest rates translate to the strength or weakness of the U.S. dollar.

What is Wealth?

What is Wealth? How can one define Wealth?

1 million? 2 million? or 1 billion? in your account...

Well, for me Wealth is achieving time freedom through financial freedom.

I can be free.I can live and work anywhere in the world. I can be independent from routine and not answer to anybody.

Ask yourself this, How many days can you survive ( eat, drink and play) if you stop working tomorrow?

10 days? 30 days? 300 days?

For me the answer would be FOREVER! Yes, forever. Through financial freedom, one can have more time freedom and one can choose to pursue one's Passion in life- eg. Travel around the world.. dot dot dot

Sleepy already.. To be continued

Laughter is the best medicine!

During this financial crisis or some may say Meltdown, its good to reduce your streeeessss meter to ZERO!

How to do that?

Just drop by Actors Studio and watch GamarJobat. This hilarious "shut up comedy" from Japan stars a highly-acclaimed physical comedy duo who will perform a silent comedy that absolutely transcends anything you think you know about clowning, magic and mime!

Just search "GamarJobat" on Youtube and you will know what i mean!

Well, needless to say, i laugh my ass off during the show (watched it on their opening show, 30.09.08) and plan to watch it again!

Who wants in???

Financial Bailout Sparks Mixed Reactions

Mixed reactions surfaced following the passage of a $700 billion financial rescue plan Friday in Washington, D.C. Proponents of the Emergency Economic Stabilization Act claim that the measure, which allows the Bush Administration to buy up to $700 billion in mortgage-backed securities, will bring stability to financial institutions and unfreeze credit markets. However, those opposed claim that the measure will only serve to harm taxpayers and have negative long-term effects on the U.S. economy.

Does US need a bailout??