Manly Daily: It's 12 o'clock high [22feb06]

Manly Daily: It's 12 o'clock high [22feb06]: "remarkable growth.
The reader also refers to US economic influence and this is part of the present virtuous business cycle.
China and the rest of Asia have accumulated huge export surpluses from selling consumer goods to the US and elsewhere. The US has built up a big foreign trade debt buying these goods but Asia invests the profits from the sale of its goods in US Government bonds. This keeps US interest rates low, allowing US consumers to borrow more and buy more Asian goods. Asia sells and saves: the US buys and spends. This also allows Asia to buy from Australia the bulk commodities: iron ore, coal and the metals to make the consumer goods.
How long this cycle will last is the key question regarding our extended resources boom and business cycle. It's all lubricated with cheap money.
Should interest rates start to rise world-wide - but particularly in the US - the economic clock will be past midnight.
It will be time to snuggle down, cash in hand and wait for the new dawn.
Email: bharcourt@compuserve.com"

Manly Daily: It's 12 o'clock high [22feb06]

Manly Daily: It's 12 o'clock high [22feb06]: "It's 12 o'clock high
BILL HARCOURT
22feb06

ACCORDING to the investment clock it's about midnight. Is it time to get into cash and snuggle down until dawn?

An investment clock illustrates the recurring eight to 11-year business cycle as a clock face. A reader emailed: 'Could you do an article on the economic cycle, including a diagram and expand the dynamics between shares, real estate, cash, bonds, gold, interest rates, the US economic influence, etc.'
This is a bit of a tall order in a few hundred words so the clock analogy is probably the simplest way. Go to Google, plug in 'investment clock' and you will find a number of clock faces. They vary but generally 12 o'clock is the top of the boom and 6 o'clock the bottom of the recession.
At 6, interest rates are dropped to stimulate the economy. This causes share prices to start rising. There is a lot of cheap money around now but businesses are still afraid to expand so they invest in the stockmarket. After 9 they gain confidence and invest in their businesses. The stockmarket pauses while commodity and other input prices start to rise.
The investment climate becomes euphoric. Cheap money is invested in real estate. Property prices take off.
The economy becomes overheated. The clock strikes 12. The central bank (Reserve Bank in Australia), fearing inflation, raises interest rates. Money becomes tight. Real estate, share and commodity prices fall and we are back to 6 when the Reserve Bank drops interest rates again to pump prime the economy. The new business cycle commences.
But wait a minute. Australia has had 14 years of uninterrupted economic expansion. Something extraordinary must be taking place.
The answer lies in China's dynamic expansion in the past decade, wi"

SucceedingwithGoogleAdwords

SucceedingwithGoogleAdwords: SucceedingwithGoogleAdwords:">"Succeeding With Google Adwords
There are numerous ebooks devoted to the process of earning a reasonable living using Google Adwords.
Among these are:
Google Cash, by Chris Carpenter,
Google Adwords 123 by Greg Heslin,
Google Profits by Wade M Winger
The Affiliate Money Tree by Mike Delrue
The Definitive Guide to Google Adwords by Perry S Marshall

Although you can always learn something from any of these ebooks, not all of them are worth spending your money on.
First on the list - Google Cash - was my original purchase (2003), and one of the original books on Google Adwords.
Chris lives the life most of us dream about: being a full time surf rider on the Mexican coast and a part time (but very successful) Google Ads campaigner."

Goal Setting & Achieving - a Lifetime's Work - Part 1

Almost from the time we are born, we are, in a sense, setting goals for ourselves.

Have you ever noticed a baby in its cot or pram stretching out to grasp something which catches its eye? Then when it is big enough it begins to try new movements. Turning over is the first major step from being totally helpless. Next is crawling, then standing. Then walking.

But consider this: how many times does a baby get up and walk straight away? Obviously none. And isn't this the way every thing happens in life? We try - we fail - we try again - and succeed! Or we try again, and fail and quit.
But babies don't quit! They just keep trying until they can walk, however long it takes.

So what makes the difference between us when babies and us as adults in an adult world.

Something quite sinister has occurred. We have become conditioned. Conditioned in our way of thinking and acting.

To be continued

Gerry Davis-Rice