Wednesday Podcast S&M Show

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Long term investing vs short term ..... and Llorando by Rebekah del Rio.


The Fears Of The End Of Quant Easing

Markets everywhere have been shaken over the last two weeks. First was the correction in the Japanese equity markets. It has lost substantial ground over just the last couple of weeks. Next came the Bernanke's testimony which led all to conclude that QE would be ending soon. 

If an article in Monday's Wall Street Journal is anything to go by, the U.S. Federal Reserve is getting ready to unwind its massive monetary stimulus program. So, is that prospect as alarming for financial markets as feared?

Fed officials have mapped out a strategy to wind down its $85 billion-a-month bond-buying program in careful steps, although the timing of when that will start is still being debated, noted Fed watcher Jon Hilsenrath wrote in the WSJ. 

Any unwinding of the Fed's quantitative easing (QE) program, which has fueled a rally in equity markets and other risk assets, is generally viewed as negative and any indication of this happening has been highly anticipated in the U.S. since late last week. 

"Having spent two New York sessions pricing in a sharp change in Fed stance, it is not obvious that the article was worth the wait," analysts at Westpac said in a note. "The timing of the unwinding of QE remains data-dependent, not a serious prospect until perhaps late U.S. summer at the earliest."


Analysts say that in essence, the Fed appears to be managing market expectations that its quantitative easing program will not last forever. The Fed has said that it would maintain its key interest rate between zero and 0.25 percent until the unemployment rate fell to 6.5 percent. It has also committed to monthly purchases of bonds until labor market conditions improve substantially. 

And it is the recent signs of improvement in the jobs market that has renewed talk about a possible end to the quantitative easing. The latest non-farm payrolls report showed the U.S. economy created 165,000 new jobs last month, much more than expected, helping push the unemployment rate down to 7.5 percent. Data last week meanwhile showed jobless claims at their lowest level in almost 5-1/2 years. 

It looks like the markets are just grabbing at excuses to do a bit of sell down after a spectacular run in most equity markets since the beginning of the years. The timing is still a bit uncertain, but seriously folks, the end game only looks to peter out by December this year. It is very good that markets are readying itself for the end of QE.

The Fed officials are not going to raise interest rates until unemployment comes down to 6.5 percent, and could only come earliest by 1st quarter of next year. What is likely to happen is when unemployment dips below 7%, we may see a scaling back from the $85 billion buyback figure to maybe halve that. 

The knee jerkers would be better off looking at the positives:
That [an easing of QE] would be good for U.S. stocks because it would mean the U.S. economy is doing a lot better.
- That at least markets are already trying to price in the end of QE, instead of a surprising one off massive sell down.

The last part is very important as we can easily reference to the 1994 massive sell down, just because Alan Greenspan never gave any indication as to the imminent rise of interest rates in the US. That experience probably forms the backdrop for Bernanke's communication strategy. He is managing expectations very well. By putting it out there with the 6.5% unemployment target, it allows all to see the looming horizon.


I still think halving the buyback when unemployment dips below 7% would be an excellent strategy to manage expectations further. Everyone knows QE cannot be there forever.

I like the equity markets now more than in the beginning of the year. Japan has corrected substantially even though Abenomics will still be in the works. This will drive Japan to retests its high this year soon enough. I believe the sell down was a good profit taking exercise and actually allowing a lot of stale bulls (i.e. those holding onto Japanese shares for over 20 years) to exit - all that will come back to the market place for sure.

The local Malaysian equity market has held up better than the rest, and confidence breeds confidence. Having said that, Malaysia is only up 4.6% so far this, thanks to the uncertainty over the elections period. Other Asian markets have risen a lot more, and hence had more room for downside: Indonesia 15.2%, the Philippines 16.4% and Thailand 10.6%.

Air Travel Tips for a Pleasant Vacation

Fun, enjoyment and adventure! With the arrival of summer, people start planning for their holidays. It is the time when tour operators, hospitality groups and travel companies announce great deals to attract more and more vacationers. And if you plan your vacation few months early, you can get a cheap air ticket to and from New York or can avail good discounts on different 5 star hotel bookings. Different surveys show that most family vacationers prefer summer for their holidays. However, whether you are a family vacationer or a solo traveler, a proper planning is highly required to enjoy every moment of your vacation.

While traveling with family, it is most important to prepare your kids for the flight journey. Very often it’s been noticed that children get afraid during flight takeoff and landing time. Telling stories about flight and creating their interest towards such a journey is the best way to prevent any such situations during the trip.

With a good research over the internet, you can easily get cheap air tickets to your dream destination; but other than ticket charges, there are several other things that may make you pay a good amount of money and one such thing is the excessive luggage charges. Air carriers, especially the international ones, charge huge amount for extra luggage; thus, it is always a good idea to carry only that much luggage that you require for your trip. Moreover, it is always advisable to carry soft topped luggage, which are easy to carry and store.

Another problem that holiday travel brings with it is how to transport the gifts. It is always a good idea not to wrap the gifts, for if the Transport Security Administration (TSA) doesn’t like what they see when they scan it, they can rip off the gift wrapping to inspect it. If the gifts are not of expensive nature, consider packing them in your luggage. However, expensive items like jewelry, electronics etc. should be carried on board.

If you are traveling with your pet, you can have two options – either you can fly with your pet in the same plane which also saves cost or can choose a pet travel agent for your favorite pet. After the flight booking, it’s important to choose a right crate for the pet. You can either buy a crate or hire one from the pet travel agent or airline. Just before boarding the flight, take your pet for a long walk so that it can fell asleep during the journey.

It is important to hydrate yourself before, during and after the flight journey and this you can do by drinking plenty of water. Besides keeping the body hydrated and healthy, water has many other benefits; it minimizes the risk of stomach infection and keeps you rejuvenated throughout the trip.
Unforeseen delays are parts of flight journey, so you should always be prepare to face such situations. Bring along some healthy choice snacks to eat during the flight or to satisfy the hunger during delay hours. This not only saves money, but keeps you ready for any situation.

For the busy people, air travel is the most convenient way to get to the holiday destination. You can surely make it more enjoyable and less stressful by keeping a few common-sense tricks in mind.

Opposite Sex Frienship Revisited: You Cannot Have It All

The question of opposite-sex friendship keeps rising.  Between e-mail questions and Internet searches, it's getting bigger, more people have questions about it, more people ask,

"Is it okay to have opposite-sex friends once you marry?"  

The number of queries on the topic utters a collective, "I'm unsure about this."
gingerbread_threesome_crop
Is it right or wrong?  If you have a husband, do you keep the boy friend as a go-to?  If you have married, do you keep the male pals? Should your husband have girl friends call and touch base with them on his off time? Should he have a go-to girl aside from you?

Best answer:  no.

In considering the time and effort involved in developing the emotional, spiritual, intellectual and physical aspects of marriage, how does an opposite-sex friend enhance the husband-wife bond?  Does it enhance it, or does it divide or cut small pieces from it?  The phrase we hear in marriage ceremonies addressing this is "put asunder."

The word "asunder" means to divide, break into pieces, break, apart from each other, into parts.

Mark 10:9 states, "What God has joined together, let no one put asunder."  That's no man, no woman, nobody.

Male-female, or opposite-sex friendship in a marriage relationship, defies biblical logic, and the verses that tell us how to act in our marriage relationship are not only simple and short, they get to the point.

Beginning in Genesis (the beginning), chapter 2, verses 23-24 read,

 "The man said, "This is now bone of my bones and flesh of my flesh; she shall be called 'woman,' for she was taken out of man. 
That is why a man leaves his father and mother and is united to his wife, and they become one flesh."

Paying close attention to the second verse (the point), some Bible translations state, "cleave to his wife," which makes the understanding clearer and stronger.  As husband and wife, we are to bond, cleave, connect, unite, become one.  How does a husband or wife connect fully with a spouse when another opposite-sex person has a spot on the perch, too?  When your heart reaches out to another of the opposite sex in a caring way, without including your mate completely, you have stopped bonding, cleaving, connecting, uniting and becoming one with only one man.  There just isn't any other way to see it, except that many people feel that this kind of "extracurricular" relationship sits on the list of their rights as human beings.


Most certainly, you have a right to choose. Choose to have a husband with whom you build a life, or stay single and enjoy friendship with other men.  You cannot have both happily. 


"HA!" you say.  


Intimate Relationships Change Friendship

Though unmarried, in college, I was the "gal pal" to a group of guys.  They picked me up at my dorm to walk to the dining hall for meals.  They walked to class with me and we purposely registered for elective courses together.  We danced at music events, saw movies and took walks around campus and around town.  We studied at the library, shared our thoughts about the future and our experiences in faith.  Usually two or more of them and me, but sometimes one-on-one, just hanging around for a while, joking, shooting the breeze, doing nothing in particular.  We visited at each other's homes during school breaks.  I had a great time.  I felt no pressure for anything more than good, solid friendship.  Then, after two years of chumminess, the guys started pairing off with other women.  I didn't fit and I knew it.  It felt lonely, even crushing at times.  The other women had top billing, and I represented a threat to their relationship-building because I could distract those gentlemen from what was really important at that time -- building a relationship that meant more intimacy on all levels than I would provide.  Inside, I just knew.  I felt ousted from a place I enjoyed and felt comfortable, and that meant hurt and confusion for a while for me.  I had fulfilled my purpose as a very close friend and had slid in the ranking to a mix of common acquaintance and schoolmate.  Friendly, but not close and constant.  

If I had tried to keep my status, continuing to join in usual activities, I would have driven a wedge or poked the relationships with a stick.  Any insistence on further inclusion would have infiltrated in a negative way.  My emotional bonds with the men didn't go further than laughter and some great discussions, but those same innocent doings represented danger to them in their dating relationships.

We send Christmas cards now. Have been for 22 years, and the only information we share involves what we're doing with our spouses and children.  These make the only worthy subjects between adults where any one of them holds the title of "married person".  When a man and woman enter into a courtship or dating relationship, other friends take a back seat.  Friendships may change in depth and distance, and some lose their appeal completely.  Why?  Because in a male-female relationship the heart and mind change to accommodate new thoughts and feelings and to engage in the relationship fully -- to the exclusion of others in many ways.  When sharing of emotions begins, hearts soften and include that person differently, as a most important person.  Perhaps an MIP, as opposed to a VIP.  Many people in life have "very important" status, but only one human in a married relationship holds that "most important" place.

Forsaking all others ... we vow it, and with good reason.  With a marriage involved, forsaking all others is the only way to ensure that you will grow intimacy and protect it from all sides.  


See and Be Seen

Opposite-sex friendship can easily -- very, very, startlingly easily -- turn to more than occasional sharing of interests, basic conversation and a cup of coffee.  When it turns to secret phone calls/video calls, password-protected environments and feelings of uneasiness/disgust/irritation/disdain with your actual, vow-covered spouse, you need to sincerely evaluate what you're doing.  Stop it, throw it in reverse and get outta there.  Ask forgiveness of God and use the grace and mercy He shows you to rejuvenate the relationship with your husband.  For better or for worse means everything.

Ephesians 5:21 makes another point for strong union that doesn't leave room for interlopers as it reads, 

"Submit to one another out of reverence for Christ."

Submit?  Not enslavement here, but an incomparable, amazing, all-encompassing give-and-take, loving and respectful relationship with the one I pledge my life to ... until death.  I can't pledge my life to my husband and have another man on the side to share in activities that leave my husband out or that have me sharing secrets or feelings or inner thoughts and hopes ... which is intimacy, my friend.  If you're sharing intimate moments -- having nothing to do with physical love, but feelings, thoughts and hopes -- with another man, you have lost your target.  Set your sights correctly and don't take your eyes off the target.  Your husband is IT.  Look no further.  If you are, your aimlessness will have you ending up with nothing.  Self-control.  Use it. 


The Final Question

The question isn't, "Is it okay to have opposite-sex friends after marriage?"  The question is, 

"Do you want to be married, or not?"

There you have it.  You cannot have your cake and eat it, too.  You cannot have it all.  You cannot  have the relationship God ordained and have another man (or more) on the side, too.  

The only thing your husband and other men should share is a Y chromosome.  You, as a wife, are off the friendship market.  You, your husband and another man?  Go skiing, take a hike, play golf, have conversation, go to dinner.  No problem.  You and the other man?  Nope.  Go find some diversions with your husband.  He isn't your last resort or your only option, but he is the only safe haven in the world of men for you, his wife.


What concerns do you have with opposite-sex friendship?  Do you agree or disagree with the need to cleave, leaving others behind?  Share your feelings and experiences ... a large number of people want to know!


A Tribute to Jiah Khan with love AsiansUK

Exclusive from AsiansUK.com - The UK Asian Social Hub!
 
In loving memory of Jiah Khan

Born February 20th 1988 - Died 03 June 2013
So Young, So Beautiful. R.I.P

Reports have been received that stunning Jiah Khan British - Indian Actress has committed suicide.  Police in Mumbai have said "The 25 year old hung herself at her Juhu residence".  According to the TOI she hung herself with a piece of cloth around 11pm.  Her mother, whom she lived with, informed the police around 11.45pm. Other sources state the cause of her death is still to be confirmed.

Actress Dia Mirza reportedly broke the news via Twitter, tweeting,
"RIP Nafisa (Jiah) Khan. You were too young and beautiful"

Close sources to Jiah Khan say,
"She had been depressed for some time due to personal issues, but was keen on returning to acting soon"

A Tribute to Jiah Khan
Nafisa Khan (20 February 1988 – 3 June 2013), also known as Jiah Khan ‎‏, was a British-Indian actress who appeared in Bollywood movies. She is mostly known for her role in the 2008 film Ghajini.  She changed her name to Jiah Khan before making her film debut in Nishabd in 2007. In 2012, she changed her name back to Nafisa Khan.

Jiah's Early Life
Nafisa Khan was born on 20 February 1988 in Chelsea, London, where she also grew up. She is the daughter of Ali Rizvi Khan, an Indian American, and Rabiya Amin, a Hindi film actress in the 1980s from Agra, Uttar Pradesh and most remembered in Tahir Hussain's Dulha Bikta Hai.

Jiah's Career
A 16 year old Khan was to debut in Mukesh Bhatt's Tumsa Nahin Dekha, but backed out when she felt the role was too mature for her and was immediately replaced by Dia Mirza. Two years later in 2006, she debuted in the controversial Nishabd, where she acted opposite Amitabh Bachchan. The film was released in March 2007 to mixed reviews, though Khan was noted for her confidence, attitude, and sex appeal. She also got a "Filmfare Best Debutant" Nomination for her Acting skills.

She appeared alongside Aamir Khan in A.R. Murugadoss's Ghajini, the Hindi remake of its Tamil namesake. She shot for a significant portion of the Ken Ghosh directed film Chance Pe Dance opposite Shahid Kapoor, but was replaced by Genelia D'souza. Despite this, UTV Motion Pictures (who are backing Chance Pe Dance) subsequently signed the actress for a two-film deal; Ghajini producer Madhu Mantena signed her for a 3-film deal shortly after.[citation needed] Khan also appeared as a supporting actress in the Sajid Khan's Housefull as Devika, a woman who cheats on her husband with the boyfriend she wanted to get married to but could not because her father would not approve of a non-Indian son-in-law.
God Bless you Jiah 'RIP'.
 
Jiah Khan in Housefull (2011)
 
 
 
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My Life's Aphorisms

Readers of my blog will notice that I haven't been updating my blog lately ... usually I am pretty not that busy ... now I have to go to Singapore every week for a couple of days ... and then there are the many meetings that suddenly crop up and classes that I have to give for Murasaki ... blah blah ... I miss writing my blog, I love it because its like a diary of sorts, I cannot ignore my blog cause its now 6 years of my life. If anyone reads it carefully, they would know me very well cause I never write to create a false persona, if you think I am an asshole, you are probably right. I don't like to be busy, it makes time flies, and I don't get to sit and relax and enjoy. My Monday nights drinks sessions are sacred, those of you who are part of it knows too well. We all have to slow things down and take stock of what we are doing, whether they correlate to fulfillment of your goals in life, so I think its time to re-look my own aphorisms in life, making sure I stay centered amidst the noise.

--------------------------------

Don't aim just to be rich, aim to create wealth, create better lives, create better livelihoods for people, create jobs where others can contribute to society and be a useful participant.

Use your wealth to fund your passions and causes, and don't forget to enjoy yourself in the process.

Stand up for injustice, for the downtrodden, for those who cannot help themselves. Aim for equality for all, in all.

Have a zest for good things, finer things in life, its OK to to enjoy.

Surround yourself with positive people. Make sure your life partner is enthusiastic, have energy for life, and empathy for people, friends and family.

Don't wait for fate or destiny to affect your life, its your life, make it happen.

Finding something or someone that/who means more to you than yourself.

Make a conscious effort not to hold onto people who don't love us or people who hate us or people who make us mad or people who take us for granted ... we also care too little for the people who love us unconditionally, the people who adore us, the ones who still stick around in spite of all your shortcomings.

Make an effort to to live healthy for yourself and the people who care for you. Live long but more importantly live well.

Make a conscious effort to better the lives of the people around you, your family and circle of close friends.

Bloom where you are planted, not whine about why you are where you are.


Black Country Asian Business Association 12th Annual Dinner and Awards

Exclusive from AsiansUK.com - The UK Asian Social Hub!





Black Country Asian Business Association 12th Annual Dinner and Awards
 
The Black Country Asian Business Association (BCABA) Business Awards programme recognises the achievements of individuals and companies from across the Black Country. The awards embrace businesses of all sectors and will be presented at the prestigious BCABA Annual Dinner, which this year will take place on Friday, 21 June 2013. Awards winners will be announced and presented with their awards at the event. 
 
Tickets are almost sold out so if you would like to join us at this prestigious evening please book Now!
 
Booking Form: Booking Form
 
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