HAPPY NEW YEAR 2015

When the midnight bell rings tonight…
Let it signify new and better things for you,
let it signify a realization of all things you wish for,
Let it signify a year of courage and believes,
Wishing you a very...very...very prosperous New Year

Merry Christmas! 2014

Christmas is a Blessed season of hope, joy, and love that engages the whole world! Let us share our blessings to the less fortunate!

Russia Economic Crisis

Russia hiking their interest rate failed to rescue the free-falling rouble and it may lead to full-blown currency crisis. Russian Central Bank had an emergency midnight meeting and raised their interest rates by 6.5%.

Deputy governor of Russia’s central bank Sergei Shvetsov said “Believe me, the choice that the central bank council made yesterday was a choice between the very bad and the very, very bad.” They don't have a choice but push the economy closer to a deep slump by hiking borrowing costs, they just could not sit back and do nothing as the rouble slump further.

Shvetsov added that, it was just a very bad day.

Their strategy to shock the interest rates up from 10.5% to 17% in one go was a one big flop. The Russian currency ended another turbulent day’s trading below where it started and plumbed new record lows against the US dollar. Russia has been spending the past nine months fighting an economic war against the US and Europe's selfish sanctions. This Tuesday December 16 they clearly lost.

Russia should say what the hell and begin dumping US Debts and US dollars and take everyone with him.

Oil Slips a new Affects European stocks

U.S. crude oil sustained heavy loses as it slip further to under $60 a barrel. Brent crude has recorded its five and a half year low and on its way for sharp weekly loss. Europe stocks are glowing red, while German 10-yr bond yield at record low.

Falling crude oil prices have exposed weakness in U.S. high yield markets and increase volatility across asset classes.

The STOXX Europe 600 Oil & Gas Index went down about 1% in early trading, it pulled down the pan-European FTSEurofirst 300 index to 1,347.45 points. The euro zone's blue-chip Euro STOXX 50 index slide by 0.8% to 3,133.36 points with political concerns over Greece also hurting European stocks.

Global crude prices went down in recent weeks because of enormous oversupply, raising fears that deflation could hit economies around the world.

China data added up to more concerns for investors, with factory growth slowing more than expected last month to its second-worst reading since the global crisis and investment expansion hovering near a 13-year low.

IMF: America Slipped to No. 2

The United States of America is no longer the top economy, the country has slipped to number 2. China has just overtook the US economy to become the largest in the world. This is the first time that it happened since Ulysses S. Grant was president, the US is no longer the leading economic power on earth. This is a major shift in world affairs.

The International Monetary Fund (IMF) announced the latest numbers for the world economy. They use the measurement of national economic output in “real” terms of goods and services, China this year produce $17.6 trillion against $17.4 trillion of the US.

China now is responsible for 16.5% of the global economy when you use the real purchasing-power measure, compared with 16.3% for the U.S. This is a major economic earthquake. In 2013, China overtook the US for the first time in terms of global trade.

This was already reported by economist that China will overtake the US but it came sooner than expected. Chinese Government has recently decided to bring gross domestic product calculations in accordance with international standards this has revealed economic activity that had previously gone uncounted.

The IMF used the well-established and widely used economic measure known as purchasing-power parity (or PPP).

IMF reports