How to survive the recession?

If something can go wrong....it would. So expect the worst. And be prepared.

You have to realize that government interventions/stimuli - those hundreds of billions (trillions, in fact) of money support wielded by the governments of USA, China, UK, Japan etc. would take sometime to have an effect. How long before these monies have an impact? People say, maybe 18 to 24 months.

So what can you do? How can we survive this recession?

1. Keep your job. I know this is no brainer, but for some people, and for reasons we do not know - some would want to leave their current jobs. I would say keep it - unless there is a job - truly - waiting for you.

2. Get that emergency fund going. Be liquid. If you got hard assets - maybe you should think of turning some of it liquid, just in case you need an emergency cash. This is important during times of difficult access to credit, if you know what I mean.

3. Save. Spend less that what you earn. Live within your means. Do I need to explain more? hehehe.

4. Re- structure. Investigate your options. Search for alternatives, such as cheap insurance quotes, health care plans, etc. Make you own coffee or tea. Buy better food, and reduce eating out. Get an alternative to your cable connection, service provider etc. Just re-structure and save. If you are doing some online stock trading, keep your cool, ask a professional opinion somewhere else.

5. Apply for unemployment benefits, ASAP. If you are one of those who got "pink slip".

6. Have other sources of income. Get a second job or a blog.

7. Check you credit score - improve it if necessary.

That's all I can think for now.

program control

Is the bottom been reached, where is it headed now?

With the current difficult financial environment, my friend is already searching ways to minimize his costs, including searching for a cheaper auto insurance quotes, among others. He is still wondering what to do with his huge mortgage, hehehe.

Good news is: Obama is taking charge and the DOW got its respite: stocks finished higher by 6.5 percent. Citigroup got saved, I hope.

What we have to remember though is that financial shares are still down 61 percent for the year, and the S and P is still off 42 percent. However, will it reach the lows I predicted in my earlier post?

That remains to be seen, but to be cautious, I guess, many are still staying in the side lines.

When and where is the stock market bottom?

When do we buy? or stay in the sidelines?

If you are into technical analysis when trading forex online, or stocks online, or commodities; it can never be avoided to looked at the technical side.

Our figures simply shows that it is possible for the DOW to go down as low as 6000. I do not see it breaking trend, but if it does, not much lower than 5000. After that, 15000 would be an easy reach, but my guess is, the jump would only take around a quarter (3 months) creating hundreds , if not millions of instant millionaires. This one is only good for those brave souls that are ready to jump.

That is it. Be ready - jump when the time comes, as these kind of lows and opportunities only comes once or twice in a hundred years.

Be careful, once it moves up to 15000, correction could occur that could bring it back to 10000, before it shoots up again to its highest high beyond 16,000. That's Fibo, at work.

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Do not trade based on this advise, I am just a blogger, seek a professional opinion somewhere else.

CEO John Rogers Takes On Michael Jordan

There it goes, whether it is real or not; and whether he lose it intentionally; we don't know. He is a legend, and definitely many of his adoring fans would have something to say. Watch it, and find out.

Microsoft CRM Dynamics

Adaptation determines who survives. If you have been in business for quite sometime now, maybe you already know that your model employee/s are those that are not setting on their respective office desks anymore. That is because there is CRM now, and they need to be accessible from anywhere. What is a CRM? CRM is Customer Relationship Management. This is a soft ware that could (1) Track sales across the organization, (2) Get sales data from home, the office, or a client's site; and (3) CRM hosting will save you a fortune. With Microsoft Dynamics CRM you business will gain on your bottom line because there will no more lost or forgotten leads, no more wondering what this quarter's numbers will be. So, Interested?

One of the best Customer Relationship Management (CRM) software in the market today is the Microsoft dynamics CRM; this should be a well Microsoft dynamics CRM for it to work best. So go for the best; and one such leading software provider is PHASE2, where you can find the best microsoft dynamics crm hosting. PHASE2 will be the right place for all the entrepreneurs searching for hosted microsoft dynamics crm, that is reliably hosted in a microsoft crm server.

Do you want fries with that?

Yup, it is dreadful, that the day looms, sooner than later, that the most jobs that would be available in the US would be those, Do you want fries with that?

What's my take?

US cannot take most of the jobs lost to India and other countries back. Why? Are they (Americans) willing to work in factories again, the way the Chinese people are currently doing now? Are they willing to work on aggressive phone selling, the way the Indians are doing now? For peanuts (I mean for a dollar or less an hour). Are they? To be honest, Do you want fries with that? jobs in the US pays better, than those jobs they have lost to China and India.

Bailout for US automakers. What? Can they compete with Honda, Suzuki, Daihatsu, and others coming out of China and India? Cheaper (actually very cheap - some at give away prices- almost), more efficient (yup, not gas guzzler, more mileage), and equipped with new technologies. Tata is coming out with cheap wind powered cars. So? It is throwing good money after bad.

If bailout is made, then the US economy, is indeed, in badder shape that I thought. Economist and policy makers cannot think straight. It is a sign that the party of throwing away good money after bad has just started. And there will be no end in sight for it.

So?

Let us go back to basic.

They have industrialized - now it moved to Asia, and China.
War business - now done, dictators are gone. Only idiot governments are buying guns.
Internet Boom - now over.
Housing Boom - now unraveling.

What is next?

US can rely only on new technologies, new discoveries, and innovations; and sell them to the world.

Only if Bush did not put into the corner "stem cells" research - there would have been major innovations by now that the US can market to the world. And that includes financing in other promising technologies such as nano technology, green energy etc. New companies and products would have been produced from these technologies that could have propelled the Wall Street to new highs, and more prosperity to the US economy.

But Bush preferred WAR. Being macho did not save the day. And it was costly....trillions of dollars spent on imaginary enemies in Iraq. But, hey....it was fun while it lasted.

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I hope 2009 would not be as bad as 2008. But to be honest - it is going to be worse. The bottom is not yet in sight.

Hay..........

Obama got it, now what?

It cannot be denied that theres' so much and so high expectations of the American people on the coming Obama Presidency.

But, as always, people would hurry to see drastic changes. And many would be disappointed, because:

1. economic recovery would take time - my guess is, it would take at least two to three years.

2. turning the deficit back to lower levels, and reducing theTrillion dollar debts would take at least a decade.

3. many bad policies of the Bush administration have taken effect, and it would take a lot of time to have them overturned,

For example:

The economy lost 240,000 nonfarm jobs in October, pushing the unemployment rate to 6.5 percent. Worse is yet to come - this can actually go up to 10 to 15 percent by next year.

So, he really has to be quick - and start moving things.
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On the news today:

Incoming US president Barack Obama discussed the financial crisis and other problems with top world leaders ahead of his first public comments Friday since his election triumph. After making the first key appointment to his administration, Obama spoke by telephone with the leaders of Australia, Britain, Canada, France, Germany, Israel, Japan, Mexico and South Korea, hastening the shift in political gravity away from President George W. Bush.

This is a good move - and lets hope it wont backfire.

Teliad: Another way to earn money monthly

I have been finding ways to earn money with blogs and websites. This is to help fellow bloggers have an easy way to pay for their hosting, domains, and coffee while setting up various blogs and websites. Ways and methods I posted here are those that are legit.

Here is another one: Teliad



Try this and goodluck.