simply welfare and wealth

FIVE RULES TO FINANCIAL SUCCESS.

2012-03-05T20:44:00.000+01:00

Five rules to financial success content in my book; THE SECRETE OF WEALTH.

These rules express the financial success as function of financial plan; FS(f)FP where financial plan involves investment, consumption and savings functions.

FS (f) FP is a relationship that is based on;

· The knowledge of financial alternative and their associated cost or opportunity cost.

· Discipline in management (selection, monitoring, organization and execution) of financial plans.

· Working to create and manage not making money which is a positive sign of effective executing financial plans.

· Friendships and social connections.

· Demonstrative knowledge for financial alternatives relative to their attracted cost backed by strong work-ethics and social network to sustain success.

These immeasurable qualities of a financially independent person which cannot be capture or calculated hence the demand for rules which are;

1. HEAD RULE.

2. MIND RULE.

3. THUMB RULE.

4. LEG RULES.

5. BODY RULE.

HEAD RULE FOR FINANCIAL SUCCESS; is the direction and foundation for present wealth creation and their future growth through exploiting the space created by our skills and interpretation of such skills which is the value we bring to the workplace, offices, lecture hall and market that is our exclusive unique identification. This is what set us apart, separated for special attention and rewards the very bases for financial success. First to getting your head in the right direction towards acquiring that exclusive unique identification is

· Knowledge the principle foundation for financial success. It is a function of the amount payable and income chargeable, durability of skills and services and sustainability of financial success. Knowledge is a set of information with exclusive skills and interpretation of such skill (reasoning) only appreciated by it handle but inclusive of others.

· Sources are the salt for skills and reasoning and a springboard for present and future income growth which is directly dependent your financial success. The size of your source is the secrete of wealth.

· Leadership is not the ability and responsibility that comes with a position but the size, skills and reasoning of the person in such position. Leaders of thought and opinion wanting to be heard and read more so are leaders in finance needs to create and manage wealth which must have the consistance of a chameleon for change and adaptability which comes naturally not nurtured or acquired to be financial successful.

· Cloud with crowd of opportunities and space for every shape, size of skills and reasoning to manage and create wealth. Competition is healthy for wealth creation and management while living in the cloud alone breeds complaisant and inefficient utilization of wealth. Scholars for relevant and rewards. Knowledge is power but the knowledge your don’t have makes you powerless to enjoy the privilege of such knowledge so is financial success. To enjoy financial independency demands continuous relevant of skills and reasoning with increasing rewards which is achievable by appreciable scholarship in your choices of careers and area of specialties and expertise. The five rules of financial success continue. If it was helpful please leave a comment.

PAPER PERSENTATION ON THE COST OF EDUCATING NIGERIAN PRESENTED BY OSORIASORIA STANLEY OKOSUN STAFF OF CYMMY ASSOCIATES NIG LTD TITLE; IS THE LOW COST OF EDUCATION (SCHOOL FEES AND OTHER EXPENSE) A PRODUCT OF POOR QUALITY GRADUATE AND UNINSPRING LECTURER?

2012-03-04T18:32:00.000+01:00

This question is not a documentation of Nigerian failing education system but a guest to provide solution for a system unwelcome to change and comfortable among the backwaters on the league table of non performing ivory tower in the world which is not

1. Contributing to national growth and development in relation to investment from private and government.

2. Build the right human capacity demand for the socioeconomic challenges which are growing by the day and unable to bridge human and physical capacities deficits.

3. Institution with the same infrastructures for student and lecturers of post independent or since their foundation which haven’t change even with increasing demand for education.

The changes needed to address these challenges would cost more and government been the major stakeholder cannot continuously be saddle with this responsibilities and a growing demand for attention from other sectors even after ten years of private university we are back at where we were before their creation asking the same questions how to provide education for the growing population of Nigeria? Can education be free for all? At what prices? Who is to determine that prices? (Market forces or government) no answers have yet been found and any solutions have not been well thought-out like the creation of new universities when the old ones are underfunded and under resourced.

The accessibility and quality of education in Nigeria is a function of the cost of education and by product of the quality of graduate produced from uninspired lecturers who are too willing to strike as measures to draw government divided attention for solution to their inability in plugging the financial gap opened by government ownership, intrusive intervention and low investment has made it impossible for institution of higher learning to get the most out of those accessing their services or product thereby loosing the ability to shape the quality of student coming out of such institution to be resourceful, hard work with knowledge. If after 64 year of educating Nigerian the University of Ibadan been the oldest university founder before the country cannot be trusted by government (public) to manage the access for her product thereby shaping the quality of graduates after her rich legacy and heritage of knowledge and reasoning this is an indictment for the economic development of Nigeria. The low cost of education (school fee and other expense) have opened the gate of institution of higher learning to anyone helped by government intervention and investment even Oxford University the second oldest university in the world with endowment fund of 3.3 billion dollar owned by the public having the same legacy as University of Ibadan but has total control over the accessibility by the public so can determine the quality of graduate which is not the same with public universities in Nigeria.

As the former President Olusegun Obasanjo was quoted as saying ‘’education is not for everyone’’ which he was wrongly derided by the media and public but the fact is that government cannot continue to keep access open for everyone thereby increasing the quantity not quality of human capacity needed to address the country developmental challenges. For a qualitative manpower which would tackle these challenges

1. Government investment should be cut and cap at certain level of gross national income not exceeding private sector contribution and any other intervention must be reduced to providing framework (rules and regulation) for institution and private individual providing education services because to a great extend the failures of private universities to meet the infrastructural deficits created by underfunding of government universities as been the low cost of public university and their open accessibilities for everyone that despites (10) ten year of existences only two private universities offer medical science as a course.

2. Research then training of Nigerian’s to build appropriate human resources for the socioeconomic challenges while bridging the deficits in skills and manpower availability to meet present economic and development challenges which is not possible with continue government presence and investment in education as evidence of forty year of such investment and intervention had shown.

3. With less government investment and intervention in education this means appropriates accesses through better pricing policy, provision of scholarship and grant by individual and organization to those with the intellectual capacity to apply research and training acquired for a qualitative manpower with the right skills for national development.

Education as they say is the best legacy any parent can bequest to their children but as a legacy of knowledge and reasoning which the value would only appreciates overtime like land not as water a public goods where access are free for all with quality indifferent. But as land with the quality of scarcity and value among others educating Nigerians towards economic development the cost of doing that must reflects their legacy acquired over the institution existence through training and research by her staff which has creating a wealth of resources needed for the country to manage her developmental process efficiently avoiding the current wastage which is producing quantity not quality educational services and brain drain of the best mind and thinkers. Now one might be tempted to think that quality and cost have no relationship at least in provision of education that is further from the truth. This relationship can be seen with the current trend of Nigerian leaving for Ghana for access to quality education which can be provided here if only public Universities like University of Ghana or Oxford University would be allow to monetization of their legacies of knowledge and reasoning acquired to equip Nigerians for the economical development of Nigeria.

HOW TO MANAGER RECOVERY

2012-03-03T09:28:00.001+01:00

Economic recovery is on at least in the United States of America the engine of global economic growth while the Eurozone is struggling to pull herself from debt and deficits crisis with the Chinese economic grinding to halt expectation are that European and Beijing economic manager would start effecting policy towards economic growth and recovery so as to return the good times making it timely to understand how to manage a recovery for personal and government since the poor management of the recession wasn’t desirable.

· DON’T RUSH TO ALTER PERVIOUS PLAN; the crisis management plans that cushion the effect of recession, lost of incomes and wealth to push the economic back to recovery, growth then full employment mustn’t be hastily removed but exhausted for strong recovery which could come after four consecutive gross domestic product (GDP) quarterly growths are recorded. For personal finance the prices of factors and foods which determined the size of income and amount paid for consumption would show what direction for household to alter their spending habits but government should continue contractionary economic policy of reduced spending and increased tax for expansionary policy can only be accommodated with a global economic recovery.

· A RECOVERY IS NOT A RECOVERY IF WAGES DON’T INCREASE AND PRICES STABILIZED; efficient economic growth should increased wages more than prices not like the lost decade when zero jobs was created.

· Sign of recovery should be watched beyond the announced positive economic growth figures for tangible measures like prices of factors (labor, land and capital) and foods, numbers of friends and families back to work and the status of their employment is it temporary or permanent and seasonal jobs. Tangible measures are the real sign of strong economic recovery to be watched before changing economic policy and spending habits.

· The savings pattern of the developed economic which had been net-saving racking up debt this must continue into the future more saving not investment for both household and government.

· Present consumption pattern must be maintained which should not complement the recovery nor reflect the expectation on continuation of recovery.

HOW TO WANE SLOUCH OFF SOCIAL BENEFITS.

2012-01-20T02:30:00.000+01:00

Rightly or wrongly misunderstood certainly slouch do exist for inclusive system to economic agent at the receiving ends of market failures; inequality, externality and inefficient economic growth but exclusive of market successes for slouch are any entity abusing this system for undeserving benefits such as firms using tax loopholes and state incentive to increase return on investment and profits without the responsibility to environment and economy, individual lingering on benefits even with economic growth; increase investment, employment and income chosen state assistance over jobs and government using taxes to fund inefficient spending programmers. Waning slouch off-social benefits are as followed;

· Skillful workforce with flexible labor market as such the mobility of human capital is driven by demands for skills, skill acquisition adapting labor to the available demand makes it irresponsible for anyone to be on benefit. Skillful supplies of labor to a thriving economic with the flexibility to hiring and firing makes for highly mobile labor and low social benefits claimant.

· Economic structure greatly determine the size of social benefits claimant and prevent abusive intention of individual and institution, economic structure of nations that create wealth and manage welfare of individual and institution are open to internal and external shocks creating a cyclical boom and burst to be absolved with adequate mechanism and right policy tools for recovery without the drag of low investment, growth and demand deficiency. Free market economy with flexible labor market, less regulations and government intervention makes for a high mobility of labor and low social benefits claimant.

· Small businesses sustainability and survive are the frontline defense for unemployment this could explained the low level of slouch lingering on welfare in countries were enterprise and entrepreneurial venture are encourage to flourish with less burden and regulations making jobs available for those on benefits, any that lingered on are the dirt and down-low of society except for economic handicap with age and health.

· Automatic fiscal stabilizer should be proactive to automatically adjust all forms of tax and incentive kick-in effectively during recession to recovery, protecting jobs while boosting economic growth saving the economic from the accompanying unemployment, low spending and investment and high demands for benefits.

· Limited benefits durations is essential to wane potential slouch off benefits and back to jobs, six mouth should be appropriate a measurement of the duration between burst and economic recovery with proactive automatic stabilizer and relevant skills acquisition makes for low benefits payout.

· Business friendly climates allows investments for jobs and sustainable welfare since small businesses are thriving within adequate and effective economic structures such condition makes for less benefits claims.

· Manage population, a right balance between population and economic growth for sustainable wealth and welfare without the pressure of increasing population growth and unbalance economic growth and development that leads to high benefits claims.

SUBSIDY WALHALLA.

2012-01-18T08:06:00.000+01:00

Nigeria is burning not literally the streets, political and economic space are filled by the people which had been taking for granted are aggrieved for the insensitivity of politician now buoyed by the Arab spring and have had enough of fifty year of political ineptitude, endemic corruption the list of failures, faults and fallings of the giant of African are too long to mention but had the people rarely had enough the protest and strike which shutdown the country for six working days a recorded in Nigeria would make observer say yes but the sad truth is NO. Having listen to both side of the argument and as economist who cannot justifies subsidy and big government both parties are lost in translation most people actually believed that the current subsidized spending is unsustainable but cannot accepted that the government would use the saving for infrastructural development and to improved living standard when the size of government spending does not reflect the same sacrifices the people are expected to bear in the short term. Government cannot cut her size and cost because where the axe could fall might create decent among the corrupts bogus system created for the elites and supported by the people, yes the very people now protesting which have long looked the other way as long as the government continue subsidizing their cost of living see it as the only dissevered benefit would coming out to vote then endorsing, oiling and greasing the system for a corrupt few while the rest have to live on election promises.

The people have short memory would easily forget and forgive the government when government machinery and functionary start using the same old tactics of ethnicity, religion and bribes to divide the protester and sabotages their efforts the only positive from the subsidy walhalla is that people have finally woken up and are calling their elected politician to be fairy, equitable and truthful.

BLACK BRAND; OBAMA VS TIGER.

2012-01-15T15:45:00.000+01:00

Traumatized history of blacks the world over at last had help from two shape and persons, Barack Obama and Tiger Wood to bring back their pride of been black since these assistance is coming from within it well appreciated and welcomed if you know the history or living in the skin then would agreed that the Obama and Tiger brand have both been a portrait of black successes and lesion on how to screw it up. The Obama brand of controlling calmed, collective management with a strong sense of personal responsibility to the American values and enlightening interest to national wealth and welfare has repaired and redeemed the black image more than wpp.com could have while Tiger Wood brand of deceit, dishonesty to public commitment with a dirty private life for a person that earn his living on the credibility of his public face damaging the new black brand as represented by Obama. Tiger was dragging the comity of black nation back to when it impossible to see the potential in a follow black so demanding extra attention from other groups to be judge not on their content but by color of their skin because there substance aren’t durable for the values and principles on which they are based is a deviant from the norms. Thanks to Obama majority of the world population can living in their skin above the cynic and scrutiny of those who cannot see anything impressive about been black which can be infectious and transmitted but in Obama we have the antidote.

THREESOME AT PRICE OF ONE; DEFLATION.

2012-01-13T01:51:00.000+01:00

Threesome of commodities and factors prices with deflation is troublesome for growth in 2012 undermining welfare and wealth of individual, investor and nations having exhausted every monetary tools and options with political ineptitude and reckless rush to fiscal contraction which has compromise recovery from recession, unbalanced global economic fueled by inflationary commodities cost from food to metal with steep steady rising wages for emerging market not marched in the once prosperous developed economies that have seen decade of inefficient economic growth and stagnant wages is creating a shrinking consumer pool once a reliable demands for the mass production now overcapacity hangover from the boom of manufacturer and services provider have to reduce price in accommodation of overcapacity to sustain jobs and wealth.

Increasing prices of commodities and flatly stagnant wages in over saturated market with overcapacity makes falling prices for finished goods and services (deflation) a definite market response, higher commodities prices bring increase revenue for exporting country such as Brazil with steady rise in wages and improved welfare from government spending which increased economic growth while net importer of finished product and raw material such as China, India and Nigeria paid more for goods and services (inflation); disequilibrium in global economies and unbalanced economic growth which has not recovered from recession facing external shock that are disturbing internal price and economic stability with overcapacity in all industry deflations as opposed to inflationary trends in emerging market, this threesome of commodities and factors prices with deflation is conspired to rain on parade of Obama wanting to be reelected on the back of good economic news, Madam Merkel and Monsieur Sarkozy hopes for the new year’s tiding tilting the eurozone economies towards increasing welfare and wealth. Prices stability for commodities with complementary steep rise in factors prices deliveries sustainable welfare and wealth without the uncertainty and loss of confident in market and policy makers to manage the threesome of inflation, deflations and demands that relied on appropriate pricing to recovery lost jobs and wealth with wages falling that price must go down.

WELFARE ECONOMIC.

2012-01-11T20:00:00.001+01:00

Welfare economic are social interactions of economic agents to maximize benefit and minimize cost through markets, the human face of free market economy what is not socialist and it distance sister communism chief abuser of market principles, distort economic fundamental; income, value, prices and growth with social cost of disruptive market; general poverty, economic disincentive for investment and ownership of property and the inadequate compensation for value undermining welfare and wealth of nations, households and firms. Europe the bastion of socialist that is tilting towards communism without the proverbial full state ownership of the means of productions excerpt for United Kingdom this economic system championed by France, adopted through the European Union in some way could explained their venerability to market fluctuation, internal and external shock to sustainable levels of budget deficit, sovereign debt and economic contraction explained away as economic of solidarity that should prevaricate market failure of inequality, externalities and uncertainty of rewards and risks to investment leaving government interventions to restore parity and plurality for all economic agents at the determent of market principles. Welfare economic the human face of capitalism that appropriate benefit and cost to economic agent separating winners from losers without the disincentive and disutility of socialist, welfare economic is inherent feature of capitalism not what the pioneer of free market thought the United States of America would have we believed where government policy had been to rig and propped markets determining winners and losers, rewarding and punishing risks that has produces a decade of inefficient economic growth, unsustainable budget deficits (size of the social welfare), culture of corrupt patronage discarding the invincible hand.

Welfare economic to be effective must relied on the principles and fundamental of markets which is the collective rational actions of economic agent not the whims of politician tendering to their political backer’s and interest groups not the inefficient spending on policies and projects that at best is drag on welfare, worst decimation of wealth. That is welfare economic.

ARE BRITISH SCARED OF THE GERMANY?

2012-01-09T02:54:00.001+01:00

Are British scared of the Germans?, it been days since prime minster Cameron veto rewriting the European treaty and years that united kingdom opt-out of the Eurozone with domestic polls showing increasing hostility towards European Union and a furious eerie for the single currency with same passion of the bam-me army even it sympathizer, not out of empathy but for comfort. It easy to love the Euro and everything it stand for, solidarity for the welfare and wealth of Europe amidst all the loath from follow countryman; politician and pundit on the isle their default positions with nothing to lose votes or career’s in defense of the projects that many consider upfront to the pound and British economy to the ultimate dominance of Germany and her junior partner France. This had made England the perfect place for seed of defiance towards the European projects which she is a part time member enjoying a whopping 40% trade benefits largest rather than cooperation and competitions to promote British jobs, interest and financial services at every opportunity she’s demanding opt-out and safe-guard while enchanting all Euro basher, skeptic to live-out their fantasy in hope for the demise of the Euro. Are the Brits scared of the efficient and effective German organized means of production with the smartest and skilful worker force unrivalled by a British economy built on manufacturing which has failed to innovate and reinvent for jobs, wealth and welfare with all political capital spent on protecting the financial sectors from competitions thriving on opt-out and safe-guards the true potential of the city cannot be measured. Maybe is the suspicious that what Germany lost to the wars and allied force, with economic wilt and typical German grit she is conquering Europe living-out her dream without firing a shoot. Whatever their fears are, British concerned aren’t economical for their economic interest is best served in a single currency with the benefit for a market of million to revive their comatose industries but pride in the pound and nostalgia of lost empire that cover much of Africa, Caribbean, West Indies, Scotland, Wales and North Ireland she cannot see herself in a union of equal without the certainty of a colonizer market therefore unwilling to master the art of compromised and competitions with foe for the welfare and wealth of united kingdom event have shown how ill-prepared the politician are to help a susceptible public that it ok, to be on the same table with France-German creating anglofrancogerman alliance.

7MILLION DOLLAR FOOD FOR JONATHAN GOOGLUCK.

2012-01-06T08:00:00.000+01:00

1billion naira that’s budgeted entertainment fund for the President of sub-Saharan African largest economic by potential which for fifty years had failed to lift more than half of the population out of poverty with very passing year welfare is eroded and wealth stolen on every parameters measuring national development and economic growth she is lagging behind in relation to her potential which has only benefit few selected elites not for merits but circle of corrupt benefactor which the occupant of Aso Rock has the Goodluck of belonging to these circle appropriating for personal entertainment such amount of money that abuse of privilege to service now we know his services is to his benefactors not the people is the economical angle which is damming to the calmed aloof President Goodluck Jonathan. The size of the amount relative to the household in question and real economy context; high unemployment, falling living standard and income, low return on investment and inefficient economic structure on a budget that spent one-third for recurrent expenditure with institution that cannot achieved reasonable percentage of budget penetration to improved the welfare and wealth of household makes the size of the amount on a single household that submit themselves to serve but live-on the misery of many and profiting off their pain while living the pleasure of 7million dollar gourmet in country where average household lived on less than 100 dollar, 1200$ annually and most still go to bed hungry. Disproportionate burden sharing between people servant and the people whom aren’t getting money worth for services and the unequal income distribution ratio that has taxpayer and owner’s of natural resources receiving less in terms of infrastructures, security and social amenities to President that want to live as Arab king rather than African monarchs. Since Goodluck Jonathan has chosen to ignore the reality of real economy that demands austerity from every household when inflation is decimating nominal value of money fallouts of subsidy remover elected to appropriate unreasonable size of national income for his entertainment this is thievery to say the least that’s unacceptable if he must enjoy the pleasure of 7million dollar gourmet like President of United States of American he must pay from his pocket as every Nigerian.

WELFARE THEORY.

2012-01-04T08:00:00.000+01:00

Welfare theories from index of sustainable economic welfare (ISEW) is roughly defined by the following formula ISEW= Personal consumption + public non-defensive expenditure –private non-defensive expenditure + capital formation + services from domestic labor –cost of environment degradation –depreciation of nature capital (Wikipedia) to United Nation Development human development index (HDI) that measures welfare with quality of life, wellbeing, living standard, utility and functionality of policies; life satisfaction and prosperity even the European economic choice of gross domestic products to quantifies and measures the quality of life is inadequate. On close introspective, these definitions of welfare tendency to quantify and measure wellbeing on social cost of market failure; inequality, poverty and poor quality of life; externalities and opportunity cost of unintended economic consequences of market success such as overcapacity, unemployed human and natural resources, loss of wealth but well thought out definitions had to be a balanced between intervention to assist market failures or perfecting market success. The cost of intervention on market failure to the fallouts of benefits from market success without increasing taxes and spending is a right balanced that economist and economics science have to strike in defining what welfare economics is, which is the equilibrium between economic and population growth to manage the welfare with efficient utilization of available wealth. Disequilibrium between economy and population growth creates budget deficit, increase state and household debt with response of increased tax less spending and crisis of confidence.

IS OBAMA ELECTABLE?

2012-01-02T21:42:00.001+01:00

Yes, isn’t that presumption for a day in politics is like forever as incumbent with economic woes, dysfunctional and fracture political system which has left voters from every political persuasion dissolution and disappointed four year of CHANGE had turned into a reign of uncertainty not helped with increasing doubt about free market potential to deliver the promised welfare and wealth, even elections cannot to bring desirable outcome for prosperity this is the kind of incumbent Obama is, so much is made of incumbency media power used to drive the agenda that feeds the political space to influence public opinion towards a desirable voting pattern and with a deep pocket from campaign contribution managing such opinions to delivered votes for any candidate is a tested and tried method to be reelected but come down to the message not the messenger. Burgeoning contribution from supporter’s is what the Obama campaign can boast of, the envy of GOP candidates love it or loath it election is won or loose on the amount of campaign contribution that a candidate can attracts is a monster cash not means meal with every election the cost seems to increase. Obama has proven to be attractive cash machine (ATM candidate) for special interest groups and individual with causes and believes wanting to win converts of undecided or defends them against opponent by delivering their massages through Obama on every platform he is embodiment and entrusted with the burden of defending their interest with passion of believer. What Obama needs is a right balanced massage that reflects hope with promise to defend American interest with a phrase similar to YES WE CAN, CHANGE to manage disaffected voters while appealing to undecided towards desirable voting pattern that return him back to the oval office. I hate to be wrong on Obama’s ability to make it back to the Whitehouse with huge campaign contribution to sell his massage to independent and middle-land American reenergized his morbid political base I take my chance but must live to love unpredictability of election when it slap me with surprise we see sometime next year.

WISH WITHOUT WINGS.

2012-01-02T19:34:00.001+01:00

Another 365 days with 525600 hours is on us as another had gone with the wind leaving wishes made unfulfilled that’s lived-out with some gain to be lived again with uneven opportunity and less privileges for a better welfare. This first 1440 seconds of the year is spent wish-trading pondering lost opportunity, grasping what might and evaluating gain’s to access how best we fared? We hope our wish had wings flying into existence every aspiration which must be built on fundamental economic principles of sound credit rating, increasing cash, revenue and income flows with healthy growth prospect for all economic agent. Amidst all the economic woes anyone might be forgiving for wishing a fresh start, clean slate with better credit rating, increasing return on investment and appreciable national wealth and welfare back to the good old days of cheap credit, debt driven economic growth model and low savings without the pain of bankruptcy, foreclosure even default won’t that be as irresponsible as the wantonness that lead to recession. Wish are viable aspiration for consumption, investment and savings not the actual demands or supply of the same which makes valuation impossible for appropriation in a free market economy to determine prices and profits from production, every wish have a prices tag on it wings delivered by savvy market driven by profits not prediction and posterity. To look into the wish of Eurocrat is for the sovereign debt crisis to petered-out and Obama to be re-elected with his GOP challenge his wish-killer wanting to be elected on the wings of the depressed markets and dissolution voters with wishes of theirs without the wind of sound economic welfare beneath their wings.

SEVEN MOST BIZARRE 2011; ECONOMIC AND FINANCIAL NEWS

2011-12-31T01:38:00.000+01:00

Seven bizarre 2011 economic and financial news that sends the market spinning wild like unpredictable teenager on beach drinking shedding hard earned value of shares. These are my 2011 selection for the most unexpected and predictable news which still gyrate the market.

ANGOLA TO BAILOUT FORMER COLONIAL MASTER. Angola’s President Joss Eduardo Dos Santos offers to help Portugal. When Pedro Passos Coelho Portuguese Prime Minister visited Angola he was told that a deal that “advantageous for both countries in the spirit of solidarity and mutual help” can be workout.
UNITED STATES CREDIT RATING DOWNGRADED. After a dangerous irresponsible political posturing from Capitol Hill which led to Standard and Poor downgrading the United States rating from AAA to AA+.
EUROZONE SEEKS BAILOUT FUNDS FROM CHINA. Klaus Regling the head of the eurozone bailout funds said of his visit to Beijing” these are regular consultation at an early stage and there are no conclusions.”
CHINA DETHRONES JAPAN AS THE SECOND WOLRD LARGEST ECONOMY. WITH GROSS DOMESTIC OUTPUT OF $5.9TRILLION THE CHINESE ECONOMY LAP TO SECOND LEAVING THE JAPANESE TRAILING BEHIND AT $5.6TRILLION.
NUMBER OF AMERICAN IN POVERTY HIT RECORD HIGH, 2010 data shows the poverty rate at 15.1% from 14.3% in 2009 with one out of six people living in poverty according to US Census Bureau’s Annual Report.
MARKET MELTDOWN OUSTS TWO PRIME MINISTER. A Market Coup that replaces two elected prime minister with unelected technocrat what the London riot and occupy wallstreet could not manage the market are doing them who needs democracy?
Bp OILSPILLAGE. British petroleum (Bp) Gulf of Mexico oil spillage shows the cooperative irresponsibility of modern multinational business. It seems nothing was learned from Lehman brother.

CRISIS MANAGEMENT ''DON'TS''

2011-12-14T22:07:00.000+01:00

Crisis management ‘’Don’ts’’ a continuation of the ‘’Dos’’ measures published earlier with focus on the lackluster Eurocrat effort to bring sanities for eurozone economic and financial system which has expose economist frailties to response to crisis rising question on European model of distribution and creation of wealth as against the American free market economy with the uncharacteristic Band-aid and Muddle through approach to crisis management to suggest of acronym ‘’PRESS’’ Per-emptive, Response, Entertainment, Selective and Stalinist measures to press and purge the system of excess and inefficiency. Basic Don’t of crisis management are;

· Presumption can be a safe bet to presence hands-on approach for the media that the authority has control over the situation is a dangerous cheap cut-out from responsible and responsible crisis management with the consequence seen in Eurozone area loss of confidence in business and economic system to reward value appropriately, the Band-aid and Muddle through approach are presumptuous to say the least and undermining institutional capacity for a through approach.

· Recasting the villain or playing the blame game by throwing dart at perceived cause of the crisis and demanding action as was with the call for cuts to executives bounce and tax on the rich however well intent that won’t address the crisis. Recasting the villain not for the hangman but to understand the causes and address them without the pressures of pandering to measures that exacerbate the situations.

· Envelope like siege mentality around institution and persona with statement of commitment and promise like a letter in envelope struggling to fits in. this can leads to losing focus with inputs and presumption statements that cannot be fulfilled when solutions are found.

· Excuses mustn’t be made or given until burden of responsibility has been determined once responsibility is established excused can be offered with per-empty measures taken to address the crisis.

· For the NONCE of Eurozone financial crisis had created words like Eurobond, European bailout funds and EFSF purported to create new structures and institution setting aside the failing institution a setback to crisis management effort rather than building institution to tackle the crisis is a no-no. Nonce are nonsensical can’t do nothing for better crisis management.

Preening like bird the system needs a better handle on crisis management for fast responsive measures.

GOD AND GOVERNMENT.

2011-12-12T22:28:00.001+01:00

Now that the super committee had failed the business community endangering global recovery for they were overwhelmed by their sense of personal responsibility or lack of, deferred to after the collective wisdom of congress want south rather than ceased the opportunity to savage the collective reputation of Capitol Hill they pander towards party ideology and special interest group tendering to the party faithful and believers which is becoming entrenched and difficult to find middle ground where national interest can be served both political and economical. If Washington is sick the prognosis is not the people's representative at Capitol Hill but the PEOPLE, the political base that feeding off the ideological difference on how best to guarantee sustainable welfare and wealth.At the core of party ideology is GOD AND GOVERNMENT for both the left and right of political spectrum, the right wants small government, less regulation and intervention for individual responsibility with God not government as the invincible hand directing and regulating the market built on the free spirit (capitalism) of human endeavor to pursuit innovation and creativity that can create wealth and thriving economic development but the left needs big government for more regulation to curb free market and intervention that are expensive with emphases on social responsibility which can be confused as socialism the collective responsibility for the great good with no place for God and the needing to replace Him. Every policy on tackling the debt and deficits, wealth creation and distribution, pattern of economic growth, social structures and responsibility of government in determining the winners and losers that falls on democrat and republicans must answer the question of how much of God to have in government and society.

The right have to reassures the left that small government does not means small society with degrees of inequality from a market running riots while the left have to accept that big government mustn’t mean societal value and standard of measurement of such society aren’t similar to per Christian era.

HOW TO MANAGE DISSENT.

2011-12-09T19:21:00.000+01:00

From the Arab uprising, London riot to occupy wallstreet understanding and management of dissenting protestation had followed familiar pattern of overwhelming used of states force soft or hard, cohesive or evasive use of force London, New York, Libya, Myanmar, Bahrain and China come to mind, making concession and acquiescing to opposition demands like in Tunisia, Morocco, Egypt finally the hypnotize sociopathic dark art of repressing dissent used in China, North Korea and Cambodia under ‘’Khmer Rouge’’ had failed to show tactical awareness with formidable resourcefulness in relations to investment in law enforcement. Since the abusive days of CIA, KGB, and SS understanding dissenting groups was secretive, selective, catalog then disrupting them only to manifest in different form even democracy are faring badly as totalitarian regime. For democracy is the government of a convinced fragmented majority living with impotent and ineffective minority without the mean or numbers for outcomes order then the usually sound off without sound while totalitarian have minority serving the majority that why the Arab streets is still burning, NYPD and Metropolitan police brutality are seen how BEST TO MANAGE DISSENT?

Perfect appreciation of the NATURE of dissent and oppositions is essential and first priority are they susceptible to soft or hard force and response to logical or religious persuasion which help in determining the degree of their conviction and extend which they are willing to go. SIZE of dissenting voice and the SPREADS of discontent and the HISTORY behind this movement is it new or the same old same wave of discontent that would pass only to gather STRENGTH which is lacking in numbers, size and argument are their GOAL anarchy, revolution, violent, protest or chaos it important that law enforcement assessment and evaluation be a continuous process to manage dissent and opposition groups with preemptive measures to prevent unnecessary lost of lives and livelihood.

USED-UP ECONOMIC CLICHE; WELFARE .

2011-12-07T22:05:00.001+01:00

Politician won’t use it, economist can’t appropriate acceptable definition without sounding as call for freebie government market intervention programmers with increase spending to supply needs which are withdrawer on the national wealth making the terminology associated with hand-out, benefits, programmers, foods stamps and coupon by far the worst historical damage was communism making it impossible for capitalist free marketer to adoption. Social welfare, welfare society, welfare state, on-welfare, welfare reforms, welfare payment and welfarist of the used-up economic cliché limiting to socioeconomic benefit from government programmers to correct market failure. What about regulations that benefits the business community? Lobbyist influencing and directing policy for favorable outcomes tending special interest, any government actions to protects and advance the wellbeing of a particular group is catering to their welfare which is her responsibility. Welfare is the outcome of sound and valued economic policy.

Current economic reality of high unemployment, low income and demands deficiency with low investment and business confidence from private sectors leaves government fill-in the gap even with falling revenue and rising cost of borrowing to assist business with a welfare package of tax breaks, incentive for hiring, credit line that guarantee increase investment in new machinery and labor while reduce tax on disposable income to boost flagging demands which put everyone on-welfare. Taxpayer have no qualms been on-welfare but the general perceived wisdom is that those on benefits have never paid tax are indifferent to work. However correct, since everyone would at some point enjoy government largest to treats those that linger-on welfare any different from the regular guys and groups that opt- in and out of welfare by maligning a perfect economic cliché exposes the benefactors hypocrisy.

ANOTHER ABRAMOVICH; ALIKO DANGOTE.

2011-12-07T19:14:00.000+01:00

In the mist of militant youth dress-up as kidnapper, armed robbers and terrorist Boko Haram menace of insecurity to property and lives with the age long miserable economic melee lacking policy direction and purposeful management to pull millions out of poverty a monumental failings, failure that is manifested in increasing unemployment, socioeconomic insecurity and endemic corrupt system that producing leaders with narrow interest but Nigerians have something to shout about not success in sports, fraud or violent one of our fellow countryman is the richest man in Africa; Aliko Dangote with wealth of $10.1 billion second to the South African Nicky Oppenheimer diamond’s wealth of $6.5 billion that’s by far the best news out of African sleeping giant with unfulfilled economic and politic potential. As a fellow country man I say congratulation with all our troubles and broken dreams he is making stride like they say when there is blood on the streets it best time to make money his has been first takes it all mentality of opportunist typical in these terrain from politician to businessmen where means and opportunity are scarce and far in between to be protected not with individual creativity built on appreciable skills and ability that is ethical and responsible but unhand dealings even sheer brutality unheard in modern cooperates society. Which makes him one of Nigeria’s oligarchies with history dating back to the repressive military regime getting privileges and opportunity on account his northern from the poorest part of the country by far the only open of these bunched with completely interest in all sector of the economic benefiting the whole country.

Awarded the second highest honor the first civilian with no political or military pedigree of past recipient to be decorated it says a lot of his naira power and influenced even with wildly held believed that Aliko Dangote is a pauper from those in the-known with pairs that lives as sheiks and sultans that cannot points to any source of income he is no Warren Buffet, Bill Gate or business genius but just another Abramovich from Nigeria.

TEN FINANCIAL GREY SUITS

2011-12-05T23:39:00.000+01:00

Ten financial grey question faced by household, firms and government these grey-situations are undermining balance sheet and households budget not out of ignorant of the value information made complex deliberately by self-serving financial engineering, grey-minded ivory league student without any sympathy for the backward main street like a vampire feeding-off the weak that are struggling to understand the once black and white economic matters that even mom and pap could appreciate without the help of financial adviser putting daylight on the grey-sky on credit, saving, investment, consumption and debt making it as simply as breakfast which is essential in preventing another credit crunch, household and firm indebtedness. With unsustainable living standard supported by economic growth from cheat credit, deindustrialization, consumption and heavily indebtedness but a health understanding of these financial and economic grey-suits would precipitate asking the right question and demanding answers to make informed decision for financial discipline isn’t inherited but inherent nature nurtured overtime and lived out daily.

· Disposable income ratios, income for government; revenue, firms; profits, households; wages at their disposal. Balanced sharing ratio spreads over consumption, investment, and savings creates sustainable lifestyle built around available income to expend through investment (injection) and spend on consumption (withdrawer).Grey income questions of how much to commit on injection and withdrawer’s? How to make-up the income shortage created by the different between injection and withdrawers? These have trouble economic agent, the answer is a balance income spreads.

· Income shortage a mismatch between available income and actual demands a combination of aspired want and desired needs consummated by additional new income through well informed credit decision and management which rise the grey questions of how much of future income is to be committed to present consumption? Is present income management exhaustive? What is the potential of future income expansion? It best to fill this income gap with efficient withdrawer management by investing a share of present income into short term financial asset as call-liquidity on demand at no cost.

· Credit decision is one grey financial situation where consuming financial product could mean a lifetime of continuous bill payment if the parameter isn’t assessed properly like what is the prospect for future economic growth? It determine the cost of borrowing which feeds on every interest yielding financial product and wage tends to move with economic growth theoretic but practical that contentious as is profits level and revenue size.

· Credit management, with satisfactory answer to those grey questions. Management decision should be based on present income plus potential income growth less tax plus transfer payment such as tax breaks and bounce equal total income, sum that is leverage against loan or credit line. The ability to pay without compromising the financial security of family, business and nations is a précised science not art where total income size should meet debt obligations over the long term without resulting to refinancing is the basic principle of credit management.

· Debt decision are taken with many unanswered questions for what is worth no experts can forecast with certainty the future economic growth or cyclical boom and burst to know the future movement of interest rate which determines the ability to pay and potential total income growth.

· Debt management is to be cap, limited by total income and revenue but exceeding these limit demands financial discipline and efficient utilization of loans without compromising the long term financial security. Debt is a dirty business so get ready to soil the balance sheet.

· Withdrawer decision from total income to pay for consumption, saving and taxes should take a fraction of total income not third because it a diminishing rather than appreciating factors on income. This is where adherence to income sharing ratio is tested for adequate withdrawer management is measured.

· Withdrawer management is a resolved to financial discipline by respecting the income sharing ratio, simply but is the crux to financial independency.

· Injection decision on what financial asset to invest savings? How to measures potential income growth? These grey decisions are built on expected income flow and strong personal budgets and balance sheets.

· Injection management, we are better-off living on total income which is best served by financial discipline and exhausting available income on present withdrawer rather than be drag into the dirty business of debt.

THE BOSSLADY; ANGELA MERKEL

2011-12-01T13:46:00.003+01:00

Angela Merkel is a rare gem particularly for her stock, there are but a few woman that can thread the testosterone dominated politics without loosing their identity and simplicity which is mistaken for weakness but exceptional and maverick Ms Markel that even media and pundit cannot explain what makes Merkel thick. She held her believes in the Euro and European project despite strong domestic objection with cost of vote and power, understand Ms Merkel could help a sizeable population navigate the men’s world for equal opportunity, rewards, privilege and responsibility with the sacrifices needed but the only plausible explanation is her early childhood in East communist German that has made her as tough, tact, creativity and hardworking as any German.

But as outsider relying on Germany and European media for rational practicable explanation that is universal for anyone to understand and apply that assertion of suffering and denial is superficial in understanding what makes Ms Merkel thick, cannot be transmitted to billions of equal pairs which needs this understanding to appreciate the challenge of walking the men’s world, she had shown steel in conviction and judgment with a style of leadership in parenting the unruly Euro and European debt crisis which rely on her fatherly figure for constructive measured response and effective application of all policy instrument for positive result which puts father’s like Sarkozy and Cameron in skirts and the Prime Minister of Italy and Greece receiving the dress-down from the only lady with pant and ball in European. Ms Merkel is my person of the year for she is enigma.

WEALTH THEORIES.

2011-11-30T20:58:00.001+01:00

New Wealth Theories not marginal or production theory that explains the functionality of utility or demands as front for wealth creation taking not away from these plausible economic theories with principle and fundamental that applicable to both contemporary and modern economic thought but impractical to the untrained mind with value which cannot be monetized, package, prices for wealth creation without the help of asset management firm like Bill Gate did and Henry Ford before him for this wealth theories are real transfer of value created not serve demand but supplied for non existence demand. Conventional economic wisdom is that DEMANDS CREATS SUPPLY but for the new media and globalization SUPPLY IS CREATING DEMAND. Here are some verifiable, observed, replicable, empirical social trends that are transmitting value into wealth.

· Free Wealth Theory; with new media value created are distributed to market of millions without any skills and technical know-how these products and contents are supplied to determine if there is any substantial market and sustainable demands to be supply that would create personal wealth. Evidence of this free movement using new media to supply contents and products that create demands to be replicated overtime through YouTube.com, blogger.com, linkedin.com and myspace.com to built personal fortune.

· Valued Wealth Theories; value is wealth when priced appropriately from available demands and markets but demand deficiency and overcapacity reduce the price of valued with supplies chasing demands. Valued contents and products are prized at fraction of their face value reducing the real wealth but nominal wealth is maintained by reducing prices to increased demands and market shares. Crowdsourcing platforms such as clickworkers.com and elance.com offer all services, skill and content a fraction of prices.

· New Wealth Theory; these are firms creating demands around new contents and products with no evidence of their existing demands but for google.com, apple.com, facebook.com and twitter.com that supplies them now there are demands around such contents and products from IPad to android that has created wealth for software programmers and developer.

· Ex-Factor Wealth Theory; like the reality television show after with the same name where talent are supplied before readymade platform for billion with set perimeters of TV rating, pay-per view numbers and followers to determine demands for such content and products then supply for short term wealth. Firms such as hedge funds and asset management are vetting value chain with the help of new media similar to reality TV with supplies that can create demand.

· Handbags Wealth Theory; firms like IBM, GE, MICROSOFT and Detroit motors ( General Motors, Fords and Daimler Chrysler) with their bags of patents and royalty payment that is creating wealth. This has made them indispensable wealth creating machines on which future supply of contents and products depends.

MARKET COUP.

2011-11-28T20:05:00.000+01:00

Market coup that how the European media would have everyone believed the ousting of prime minister of Italy and Greece isn’t that saying the invisible hand had suddenly manifested it potent vexation in unseat a democratic elected government from the ancient home that give the world a beautiful process to select and set-aside government that a stretch to far excerpt with intelligence quotient of a Pisces but been a mammal could discerned that the evincible hands of German and French alliance are at work deciding that George Papandreou was expendable and dangerously unreliable after suggesting that the Greek people should have a say on the bailout package of reform which was rational cause of action for modern democracy, laudable as they seem not in Berlin and Paris were trusting the democratic outcome has weaned deferring to market volatility as Trojan horse. The market had been living with silvio Berlusconi’s Italy lack of competitiveness for decade isn’t it too convenience for comfort when a mechanism that channel wealth from value created had suddenly grown weary of the leadership style of the world seventh largest economy for a Eurocrat. If it too good to be truth it too good to be truth.

The once docile, passive market had suddenly grown vex and vicious personality mimicking the interpretation of data and figures by economic agent if the market is the collective wisdom of rational economic agent acting in harmony to create, distribute wealth then electing itself to undermine the only measure and means that guarantee uninterrupted free movement of capital, labor, property and ownership of the same by ousting elected government replacing them with unelected technocrat is a dangerous trend that would put a BIG smile MOA’S Communist China.

GUNS WITH BANKERS

2011-11-24T19:07:00.001+01:00

Gun to the head syndrome epitomize the financial crisis, first the Pin-stripe, Gucci shoe swashbuckling bankers that manned the vaults with customer and shareholder funds held in-trust from payment and rewards of value created with global straight that's far beyond stated borders making contagion a possibility. Negative spreads as intricate as the complex engineered financial asset that crash the credit market would demand a stern financial investigator to unstitch the smart mess made in Harvard and their likes created financial institution too big to fail with gun to the heads of taxpayers who found willing partner in elected politician too ready to bailed them out of jail free. The only catch is a promise from the bankers to keep the safety-pin off and spare the main street the catastrophe of contagion which would cost more pain, jobs and wealth.

Now is the sovereign debt inability to meet their obligation to banks and creditors which is threaten ballistic first was the small Ireland now it Italy sometime in the future France even Germany pushing the global economic to the precipice of economic oblivion that what Greece is up to, offered a deal which they can’t refuse that's sweeten with a whopping 50% off-debt and favorable loan terms that most heavily indebted country would kill for but gun touting Greece chose to shoot her benefactor because Germany and France had rule out the possibility of Greece ever leaving the Eurozone which has emboldened then arm Greeks undeservedly. Gun to the head mentality had made institutions; financial and states with market orientation towards distributions and creations of wealth, value, income and welfare with trade-off that create well-off and better-off WHICH MUST HAVE WINNERS AND LOSERS THE ESSENTIAL FUNDAMENTAL MARKET ECONOMIC A SCENARIO WHERE EXCERPTION, RULES OUT THE POSSIBILITY FOR LOSER BUT WIN-WIN SITUATION BY CONTINUE TO RIG THE MARKET HAVE PUT GUNS IN THE HANDS IRRESPONSIBLE BANKERS AND IRRATIONAL UNPREDICTABLE STATE WHICH ARE NOW PIONTING AT THE HEADS OF THE TAXPAYER.

Ms STELLA ODUAH; SUPERWOMAN.

2011-11-24T00:15:00.000+01:00

Ms Stella Oduah is treading where man fear to walk not of lacking in courage but compromised feet that are corrupted with their head deep soiled in grand thievery like pirate they have looted the country wealth in cohort with their welcoming good for nothing sleazy foreign patron I can’t blame them if we had many men that can negotiate with nation interest not personal interest the Nigeria Civil Aviation Authority under Ms Oduah would not be facing a situation where our former colonial master are try to run the Nigeria airspace and landing slot from Heathrow. Like everything in Nigeria the devil is not in the detail, it is the detail for the merit of politician are driven by narrow interest rather than national interest couple with sleazy businessmen gunning for profit too willing to throw cash at corrupt politician which would explain why the fare between London-Ghana and London-Lagos are inexcusably expensive when the economies of scale favors Nigeria. How then has former Ministers of Aviation lived with knowledge that Nigeria passenger been ripped-off? The same passenger that they should have been protecting from unfair prices and competition but thanks to the superwoman Ms Oduah for imposing fine on British Airways and virgin Airways for passenger fuel surcharges is this a sign of a new dawn or reattaching the corrupt set-up?

For these airlines to be fine does not mean the system had gone transparent less corrupt and the nightmare over for they have not welt the right beck if they had then the racket would still be going on until the fines are paid and landing slot restored the jury is still out not on Ms Oduah the superwoman for she has done her best where some would have turn collaborator like the ancestral forefathers that once sold their fellow countryman to slavery but choose openness and fairness my wish is that she add justices.