Is Asia the next America?? Mactheory - August 28th 2009
August 28th 2009
(Happy 6 month anniversary to Stephanie my gorgeous girlfriend 
Today in the news
Deficit, doubling debt causes division
http://afr.com/home/login.aspx?EDP://20090827000031493061§ion=news
The US faces exploding deficits and a doubling of the national debt during the next decade
ON AGAIN/OFF AGAIN??
Office of Management and Budget (OMB) forcasts unemployment at over 10%
(Is higher due to those who have stopped looking for work)
Debt will rise another 9 trillion in 10 years
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Bernanke faces More Hard Yards
http://www.forexyard.com/en/reuters_inner.tpl?action=2009-08-25T201558Z_01_LP233065_RTRIDST_0_OBAMA-BERNANKE-UPDATE-6-PIX
Lending hundreds of billions of dollars to banks and businesses, slashing overnight rates to nearly zero, having the fed almost singlehandedly finance the mortgage market will have to be reversed in the coming years
1.Shifts too quickly = RISKS ABORTING RECOVERY
2.Shifts too slowly = RISKS INFLATION like the 1970s
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Heinekin brews up profit
http://money.canoe.ca/News/Other/2009/08/26/10615051-ap.html?cid=rssmoneynews
-Dutch brewer heinekin Reported a 20% increase in the first half ($498 million euro, up from 407 million euro.
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Email of the week
Ash
Is the fall of the USA real, or something hyped up by Anti-American broadcasters
Simon
Is Asia the new America?
*Westfields is exceeding performance in Australia, yet its lost 6.2% in America
http://tinyurl.com/nk49tm
*Mongolia is set to make a huge profit after changing its mining laws in a Rio Tinto deal. This would become one of the largest mines in the world.
http://tinyurl.com/lrxxah
*Las Vegas Casinos are losing money and some have been shut down this year. Casinos in Asia have experienced growth in the last 6 months
http://tinyurl.com/n5dexc
*Chinese/Australian dollars are stronger than the US dollar
http://tinyurl.com/knj7nf
Australia1.20768 dollars
Japan93.5784 Yen
China6.83519 China Yuan Renminbi
*North Korea has the worlds largest Army, and the US cant afford its international bases
http://www.guardian.co.uk/world/2009/aug/06/north-korea-kim-jong-il
*American GDP (Import and export) is dropping (US output fell 3.8 percent at the end of 2008, but exports slid at a 20 percent rate.) http://www.csmonitor.com/2009/0202/p02s01-usec.html
http://tinyurl.com/mwh2p9
*In 2008 Australasian’s share had grown to 29.4%, and to be estimated as 30.0% in 2009.
Is it all over for the US???
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Finally Im going to put up a blog on what companies to invest, so check out
http://mactheory.wordpress.com for that.
Any questions email me at mactheory@gmail.com
Thankyou
see you all in 2 weeks!!!
ASH
*****
Duration : 0:11:0
The housing crisis is not just a problem for families facing foreclosure it is a problem for every homeowner in America. As long as foreclosures persist, home values will keep going down, and everyone loses. 
The June 29th episode of Recession Rx has new information regarding the new foreclosure mediation law that goes into effect on July 1, requiring mandatory mediation between homeowners and lenders before a foreclosure can be completed. The Nevada Supreme Court provided answers to frequently asked questions.
Nevada Senator Harry Reid joined Housing and Urban Development Secretary Shaun Donovan to tour a Las Vegas neighborhood Wednesday. Las Vegas leads the nation in foreclosures and approximately 67 percent of the city’s current mortgage holders have mortgages that are higher than the worth of their homes. Secretary Donovan announced plans to deploy HUD Foreclosure Rapid Response Teams to ess the areas hardest hit by foreclosure — starting in Las Vegas. This is, “good news for Nevadans fighting to stay in their homes,” said Reid.
The June 29th episode of Recession Rx has new information regarding the new foreclosure mediation law that goes into effect on July 1, requiring mandatory mediation between homeowners and lenders before a foreclosure can be completed. The Nevada Supreme Court provided
The June 22nd episode of Recession Rx has information about a new law affecting renters who may be living in a foreclosed property as well as the new foreclosure mediation bill.
The June 15th episode of Recession Rx has in-depth information about avoiding loan modification scams, new bilingual classes on foreclosure prevention, and an interview with Nevada State embly Speaker Barbara Buckley about her new foreclosure mediation bill which goes into effect on July 1, 2009.
The June 8th episode of Recession Rx featured a compelling interview with the Clark County Coroner, information from certified financial planner Staci Sharadin, as well as information about how to apply for jobs at City Center, straight from V.P. of Staffing Kelley Tucky.
The June 8th episode of Recession Rx featured a compelling interview with the Clark County Coroner, information from certified financial planner Staci Sharadin, as well as information about how to apply for jobs at City Center, straight from V.P. of Staffing Kelley Tucky.
The fiasco that sank millions of Americans, including one journalist, who thought he knew better. A veteran New York Times economics reporter, Edmund L. Andrews was intimately aware of the dangers posed by easy mortgages from fast-buck lenders. But, eager to buy a home and start a new life, he gave in to temptation and began a surreal adventure into the mortgage mayhem that nearly wrecked our economy. Busted weaves together the author’s own ride to the edge of bankruptcy with the tragicomic stories of his lenders, the Wall Street pros behind them, and the policymakers in Washington who were oblivious until it was too late. The story takes Andrews to the offices of Alan Greenspan, the mansions of subprime-mortgage millionaires in southern California, a despondent deal makers’ convention in Las Vegas, and Wall Street. Rich with on-the-ground reporting, Busted is a darkly humorous exploration of the cynicism and self-destructive judgment that led to America’s biggest economic calamity in generations.