Though very funny, it's very detail, and perfectly done in explaning the story of sub-prime in layman terms.

 

Enjoy :)

http://docs.google.com/TeamPresent?docid=ddp4zq7n_0cdjsr4fn&skipauth=true&pli=1

 

Yeah, you heard me right.

The U.S. Treasury Yield is almost the same as our local's Fix Deposite.

 

Just look at the steeeeeeeeeeeeeeeep drop of the interest rate.

A year ago, retirees in the states with $1M would be able to live comfortably with an annual income of 5%, which equates to around $50k per annum. That's a $4166 monthly salary, which I would say, is pretty cool.

And now, after only a single year, with $1M in treasury bills, you'll only get a $1500 YEARLY income with the current 0.15% return. That's even lesser than what you got for a single month a year ago.


That's sucking donkey balls, sitting duck on that useless $1M.

And to make the calculation more interesting, for those old folks who would like to retire on the same kinda lifestyle a year ago, getting $4166/month, you would have to increase your capital of $1M to $33M in order to generate that monthly salary that you desired, with the current 0.15% interest rate.

How's that sound?
Does that indirectly equate to a 33-fold inflation rate?

Hmmm ............

 

 

An exclusive conversation with Warren Buffett about the economy


here you go.

 

 

Yes, I know there are thousand and one similar books like this out there, but this is, I tell you , this one is different.

Because this time, it's a book that Warren Buffett participate directly himself, and which personally asked the author to write a self biography of his life.

 

Here's the official site.

This is one book that I'm definitely not gonna miss.

you think that's good eh??

You think that's awe some huh????

Wait till u read this .......

 

         " ............... and $70k per month on his blog."

 

 

 

 

 

Seems like London is also learning fast from Malaysians after following the U.S. government's decision to bail out mortgage companies Fannie Mae (NYSE:FNM - News) and Freddie Mac (NYSE:FRE - News).

Rumour ...... But, will ya just take a look at the chart :p

It's not very common to have some local companies appearing on the internation scene of the business arena, Air Asia manage to acheive that recently.

http://biz.yahoo.com/ap/080907/malaysia_airasia.html

 

No doubt, I agree, AirAsia is indeed a very strong company.
This horse has been led by a very cool and strong jockey, Tony Fernandes.

But, if I read that correctly from the above news, it says that:-
- Air Asia is having a $1Bil  cash sitting in it's account
- It's quarterly earnings for the recent quarter ~~ $10Mil (which equates to around $50Mil a year?) 
- It has an outstanding debt of $5.4Bil currently.

A $5.4Bil debt. Even if they were to use their current cash to reduce it to $4.4Bil, with their current earning powers of $50Mil a year, that would take them around 88 FREAKING years to settle that chunk of load.

And the best this that, they are currently taking aggresive steps in expending agressively. 

Hmmm ..... something to pinder.

 

"...... and here's why I think the market is already on a reversal from Downtrend to Uptrend.
US Dollar shows significant strength.
Oil and Gold gets beaten up badly.
All 3 major indices are holding strong on their support trendline.

The thing is, everything seems to be in an overbought condition.
I'm foreseeing a pullback in the near future. That will be a good time to go for LONG setups......"

 

 

read the rest of the post here. 

 

 

 

 

I've been always thinking that, the more you trade, the more winnings you'll achieve, and the faster you'll get rich. Obviously, seems like I've been heading towards the wrong direction.  .......