G-20 PROMISES TO CUT SPENDING

The Top Twenty Global Economic Powers just finished their economic summit in Toronto this past weekend. The most significant accomplishment? They all promised to eventually cut spending and stop printing money once their respective countries are showing signs of recovery!
That's is so funny to think that with no "teeth" you actually expect them to honor this commitment. Remember as a child when someone in your gang had a big secret and everyone swore on their life that they wouldn't tell anyone. Yeah, right, within an hour the whole neighborhood knew what happened.
So I guest as they were departing they all looked at each other and said: "I swear to my god, that I will abide by my promises that I made as I would never let you down as they crossed their fingers behind their backs! Believe me, when the chips are down, it will be every theive for themselves including our good ole USA!

CHINA & INFLATION

China is finally tripping & stumbling over their own success to point that they have recognized that they are interconnected not only to the UNITED STATES, but also EUROPE and must permit the Yuan to rise against the Dollar. There won't be any international consumers out there that can afford anything if they don't permit us to make a living as exporters. They are now depending on all of the global community to "eat up" their excessive capacity to manufacturer and produce things.
STRIKES by their labor force is proving that they have inflation that requires a slow down in their domestic economy. Capitalism is now very much entrenched in this Communistic country. To think we always were told by our military that the only way to conquer an enemy is to invade them, when all along we only needed Wal-Mart and McDonalds!!

LONG TERM INVESTING vs SHORT TERM

About a month ago, I made a personal decision to be in the Equity Market as a "scalp trader" (worst than a day trader) with my TD Ameritrade Account. I'm tired of sitting back and depending on professional experts managing some sophisticated sounding Mutual Fund that only teases me on a daily bases and by the end of the year hasn't given me any real return.
Although I have limited stock trading experience, I have begun to notice that my performance is just as good as theirs. When I make money that day, so do they. When I lose money on a particular day, so do they. Bottom line is that I only have faith in what's happening in the market minute by minute.
Remedy, its become a "crap shoot" that I hope I begin to understand and ultimately can do just a little bit better than my basket of poorly performing investment holdings! Otherwise its off to Las Vegas baby!!

PAYING TUITION vs JOBS DISASTER

Cancel your child's upcoming tuition payments unless they are heading for a career in electrical engineering, micro biology, oceanology, or will become a nuclear physicist. Otherwise, you are wasting the little cash that you have left. Technology is the main culprit for the elimination of jobs that had significance just a few years ago. Example: today, Hewlett-Packard announced it is planning to update their own technology that will enable them to dispose of over 9,000 of their work force.

Its getting harder to justify paying $100,000+ just to get a BS or BA degree so your children can talk reasonably intelligent at some cocktail party.

Hard News: labor and mechanical skills are the way to go if you have an average student. Hunker down and remember your children need to be encourage to secure practical skills that people will need as a matter of necessity!