Archive for the ‘Economy’ Category

Tropical Fruit Helps Ease The Venezuelan Food Crisis

Thursday, June 9th, 2016

Juicy fresh mangoes, a delicacy in many parts of the United States, are helping solve the Venezuelan food shortage by providing some relief for people who cannot find enough groceries to buy. The sweet fruit does not have enough nutritional value to replace a proper diet, but according to some Linked In nutritionist lush mango trees dot the land, providing free, fresh food. Coconut and papaya trees also grow in Venezuela, and people are enjoying the tropical fruit now that it is in season. Mangoes, coconuts and papayas also offer a way for the enterprising to earn extra cash. Roadside vendors are seen almost everywhere, selling the fruit to people who are tired of waiting in long lines to get into supermarkets with almost bare shelves.
Local committees are going door-to-door handing out staples, such as oil, sugar and rice, but meat is scarce. In Caracas, the wealthy like Jose Gonzalez, 55, are not having much difficulty finding food to buy, but most of the people in Venezuela are forced to supplement their diet with tropical fruit that they pluck from trees.

 

Soros says Chinese economy can’t sustain growth

Saturday, April 23rd, 2016

George Soros became one of the world’s wealthiest men by understanding world economies and making the right moves at the right time. So when he speaks of economy on marketwatch.com, he knows what he is talking about and the world listens. Recently he told an Asia Society meeting in New York that there are many similarities between the current Chinese economy and that of the United States in 2006, when it fell into a major recession that affected economies around the world. The Chinese economy is second only to the United States in size.

China’s March credit growth figures were the most troubling George Soros said. The figures showed new credit at 2.34 trillion Yuan, which was nearly double the predicted 1.4 trillion. Soros said this signals that the Chinese government is putting growth ahead of restraining a growing debt. George Soros said banks are lending money to cover debt instead of real investments, and banks are lending to other banks, which are also problems. He said that is what the United States was doing that led to its recession in 2008. The housing market is also booming in China, just as it was in the United States before the recession.

For its part, the Chinese government says Soros has made similar predictions before on georgesoros.com, and they dismissed them as over stating the crisis that looms in China for the economy. Still, George Soros has often been right in his assessments. In 1992 he made $1 billion by taking a gamble on the British economy when he thought they would be forced to devalue the Pound.

Soros says the growth is artificial, held afloat by debt, and that is not sustainable. He said that is why he is betting against the Chinese economy. He predicted the Chinese economy on http://www.nybooks.com/contributors/george-soros/ will suffer a “hard landing” in a year or two, just as the United States did when its economy was in the same situation.

George Soros has been in the investment business since the early 1950s when he moved to the United States and started an international finance company. His hedge funds were also very profitable, sustaining a 20 percent profit average for about 40 years, which is how he amassed his $24 billion fortune.

Soros was born to Jewish parents in Hungary, and they were under Nazi occupation in World War II. They survived by staying in hiding and with fake identification papers. After the war he went to England and studied economics. From there, in the early 1950s he moved to the United States.

Soros has been active in politics, and supported liberal or democratic issues for years. he has supported democratic candidates for president as well, and worked against the re-election of President Bush after his first term.

George Soros Warns The World

Thursday, March 31st, 2016

George Soros keeps a careful eye on the global markets. As a former hedge fun manager who earned billions in the financial markets, he is not exactly going to ignore major events. Soros is surely going to stay on top of dangers in the market. Bloomberg reported on Soros’ comments about current market conditions. Soros made his comments at a global economic forum. The comments were downright frightening. Soros fears a repeat of the 2008 financial crisis.



The United States’ banking industry would not be at the core of the financial disaster in 2016. China’s current economic climate is horrific. Unless things turn around, China’s economic meltdown on facebook.com could easily pull other nations into the mix. The relationship between China and the United States offers one example of how things could interconnect.



Along with Japan, China is a major holder of U.S. debt. If China’s fiscal situation became severe enough, the country may be required to require payment on the purchased debt. In essence, China would be cashing in bonds. The U.S. would then be in a very difficult situation. Not paying the debt would damage the full faith and credit of the nation. Surely, the economy of the United States would suffer immensely.



China’s problems seem to be connected to the massive decline in the value of its currency. Soros most definitely is knowledgeable about currency. He traded in currency for years and amassed huge profits. Soros does know currencies can go up and down in value. When down, the damage could be incredibly severe. By the time the value of the currency increases, the massive amount of inflicted damage could be impossible to reverse. Business from around the world with money held in Chinese banks in yuan would discover they have far less capital than what existed previous. Such a scenario would cause serious problems.



Soros suggests things are not at the point in which a financial crisis is impending, but governments have to keep their attention on the situation. Doing so would allow the governments to react quickly and accordingly.



George Soros has issued public opinions to the leaders of Russia and Germany recently on a variety of issues. He is an influential man. His opinions and assessments are hardly to be ignored.



Brad Reifler’s Big 5 Investment Tips for the Average Joe

Wednesday, February 24th, 2016

Bradley Reifler told in a Reuters press release , “Unlike Wall Street, we want to be a firm for the people.” Mr. Reifler is referring to the fact that the investment world ignores 99% of potential investors. He personally founded Reifler Trading Corporation in 1982, which focused on global derivatives and was sold in 2000. A few family experiences in his life crystalized the fact just how short-sighted his industry was in only focusing on the wealthy 1%.

The accredited investor

Wikipedia shows that over 30 years ago the Securities and Exchange Commission (SEC), developed the accredited investor standards to protect investors from risky purchases. Point one stated that an accredited investor is either a corporation, or an individual that had a net worth of one million dollars, or a married couple with a combined net worth of one million excluding the value of their home. Point two stated that a person with an annual income of over $200,000 for two consecutive years or a married couple with a combined income of over $300,000 for two consecutive years. Plus they must have a logical reason for expecting the same level of income in the third year.

The Big Five investing tips

However, interest in and knowledge of the stock market has increased in the average joe over the last generation. In June of 2009, Reifler founded the Forefront Group, an investment firm that caters to the 99%. He advises to be careful how you invest. Make sure to understand your assets and be aware of the risks of each investment. Always have an attainable goal in mind. Here are some more suggestions:

2. Don’t invest everything in the market.
3. Get to know your investment manager and develop trust.
4. Keep in mind the safety of your investment.
5. Before you invest know why you are doing it. Keep your goals in mind.

In 1995 CrunchBase would indicate that Bradley Reifler was the founder and CEO of Pali Capital and remained in that position until November 2008. While at the head of the company its revenues grew to over $200 million per year. The Forefront Management Group, LLC is his latest financial firm. The goal is to assist the overlooked or the 99% of investors. To give them the opportunity usually reserved for the wealthy. They have created a coalition of business leaders that provides to the investor advise in proper investing, portfolio management, and banking.  Check out Brad’s twitter for further information.

Philip Diehl’s Opinion On Matters Related To The Elimination Of The Penny And How The US Money Reserve Is Fairing

Friday, January 29th, 2016

According to Philip Diehl, the elimination of the US penny from circulation is the right step and its expense outweighs its use. Speaking recently at CNBC’s Squawk Box, Philip said that nowadays, people no longer use the penny, and if anyone bends on the streets to pick it up, they are most probably getting paid below minimum wage. Even though different economists hold a very firm belief that taking the penny out of circulation will harm the economy by increasing inflation and distorting prices, he thinks that they are recycling the same argument that has been in use for not less than 25 years.

As reported by PR NewsWire, Philip pointed out that we are living in an era where most of the shopping is done electronically, therefore, very few if any transactions would get affected by the elimination. He also thinks that many businesses would resort to rounding off prices so as to avoid instances where they would be required to give the penny as loose change. He also thinks that not all businesses would increase the prices because they would be forced by competition from peers to reduce.

Philip said that the penny is beyond hope when it comes to being redeemed because it will save Americans not less than $105 million annually. Many who have been opposing the elimination are industry players in the coin making industry who are contracted to make the zinc lobby and coin’s blanks.

The US Money Reserve belongs to the league of the nation’s biggest distributors of US government issued precious coins made from gold, silver and platinum. The company serves hundreds of thousands of clients and plays a very crucial role in helping them diversify their assets with physical precious metals.

The company has a professional operating team that is adequately prepared to conduct proper coin research as well as deal with the market at a manner that is professional so as to help identify products that have the highest profit returns.

The US Money Reserve is well respected when matters related to going above the normal industry standards and norms are concerned so as to ensure that it delivers the best results. It is based in Austin, Texas and it also very involved with community matters. Recently, it was involved in a campaign to help raise funds for the Austin Police Department’s Operation Blue Santa. It is also open every day of the week for either new or old clients who might need to get help with investing.

Brad Reifler’s New Investment Approach

Wednesday, September 30th, 2015

Brad Reifler, founder and CEO of Forefront Capital, has embarked on a new frontier by focusing on non-accredited investors.

To give perspective, an accredited investor is an investor that consistently makes 200,000 dollars a year or has a net worth of at least a million dollars.

About his company’s change in approach, Reifler had this to say:

“I’m now shifting everything to the non-accredited investor.” He says this will include 99 percent of the population that is classified as being non-accredited.

After much research, Reifler created Forefront Income Trust to give legitimate investment opportunities to the middle class investors that would like to start with smaller investment amounts. The lowest rate of investment allowed is 2,500 dollars.

It seems as though in recent times investment chances are given to the one percent wealthy, as the gap between the very well off and the middle class widens.

Reifler says his nuance programs will give clients liquidity. A preferred 8 percent return will be given to investors. Forefront will not make any money until the 8 percent is earned by clients.

Reifler’s past experiences have had an impact on his recent decisions. He invested in 529 college savings plan. But by the time his daughters were ready to attend college the fund was down by 40 percent and he lost money on the investment.

In 2005, student debt was at 400 million dollars. Now it’s over a trillion dollars. And 44% of people have less than six thousand dollars in savings.

Keifler also had another experience with his father-in-law. At 80, he gave Reifler his lifetime investment capital to invest. But there were limited opportunities because his father-in-law was not an accredited investor.

Finally, Reifler wants his company to be known as a safe place for the average investor. He said: “I’d like to bring this entire investment complexity to everybody so that they can save for their futures.”

Three Basic Tips on Investing in Brazil

Monday, August 3rd, 2015

Brazil has numerous attractive features for investors. The world’s fourth-largest country is a natural choice for infrastructural development by virtue of its size and economic viability. It is a great market for multinationals and an enormous market of more than 200 million inhabitants with an inherent attraction of natural resources.

With the availability of a well-developed infrastructural system, a huge market, and other useful resources, more folks are interested in investing in Brazil. The attractiveness of the country shows that could be the time to invest in the country, but where does one need to start?

Igor Cornelsen, a capital investment professional and retired banker, reveals that the secret to success in the Brazilian economy is starting by connecting with natives, preparing for plenty of regulations, and knowing foreign currency restrictions. The champion investor knows everything about investing in any commodity or any company because of his treasured experience working in the field. His experience includes guiding several investors to making successful long-term investments and advising people away from investing in damaged companies. Cornelsen held many high-ranking positions in many Brazilian’s leading banks before retiring in 2010, and is the proprietor of Bainbridge Inv Inc. and focuses on investing as a hobby.

By following these tips, you’ll be ready to start investing in Brazil.

• Connect with Natives

When you are set to invest in Brazil, ensure you first connect with natives because the country’s culture values relationships. Since many Brazilians are entrepreneurs and are a social lot that understand the benefit of foreigners investing in their country, it is easy to find connections with business minded and informed locals.

• Be Ready to Encounter Many Regulations

Investing in Brazil is also quite easy if you are prepared for the red tape. There are many regulations to comply with before entering the market, but the good news is that the payoff for those who get around the obstacles is enormous.

• Identify Foreign Currency Restrictions

You should also identify foreign currency restrictions. There are tight controls on foreign-currency transactions. If your business is non-residential, it is obligatory to look for a financial institution that is authorized to deal in foreign exchange. It is also essential to recognize that the exchange rate for foreign exchange is not fixed as it depends on the nature of the transaction. Certain, it takes some effort to enter the market, but it is worth it given the benefits.

Despite Strong Economy, Tech Firms Making Tough Decisions

Tuesday, July 28th, 2015

The economy continues to be relatively healthy and consumer spending is moving along. The decision by many firms to bring manufacturing back to the United States has aided in continued job growth.

Yet whether their are demands by investors, or the individual company’s market changes overnight, bellwether technology companies continue to make tough corrections that show that the markets that they operate in remain volatile.

One of the more celebrated CEO’s to join Juniper Networks, Shaygan Kheradpir, was faced with that decision last year, when it became apparent that activist investors were convinced that the company was not operating as efficiently as it could with a smaller staff. In agreeing to make the tough cuts, Kheradpir determined that a 6 percent staff reduction was in order. The investors were pleased and the company went on to re-position itself. On the positive side for the company, a 6 percent layoff in an industry where annual turnover can be over 6 percent, many of the layoffs can be handled through attrition.

This year, Qualcomm found itself in a similar position, although the need for a staff reduction was determined internally after there were some market changes regarding its popular Snapdragon chips. In their case, one of their primary customers started using their own chips, triggering an announced 15 percent layoff. For company officials, planning for the downsize certainly involved refactoring how it approaches the production planning process.

For investors, the continued changes normally mean that management is actively making progress in making the company more competitive. For employees, it reinforces the notion that technology careers will continue to contain some twists and turns.