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2011-7-7- Bali News & Views Click HERE if you are having trouble viewing the card (Viewable for up to 90 days from receipt) Click HERE to be removed from this email list
2011-7-7- Bali News & Views
BALI NEWS & VIEWS
Over 27,188 readers worldwide.
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We hope that our Balinese readers have enjoyed this weeks Galungan holiday that occurs every 210 days and lasts for 10 days.
Today is Umanis Galungan The purpose of this day is to cleanse the bhuana alit (= the micro cosmos, the individual human being) in a physical and spiritual sense.
After the ceremony, people perform the so called nyurud (= the taking back the offerings and sharing them with the family members) as a symbol of obtaining blessings from Bhatara Hyang Guru. MORE
First Quarter Investment Returns:
Another six months has flown by and I’ve noticed lately they fly faster the older I become. As my readers are well aware from my the last three newsletters I just completed a five week odyssey traveling by luxury car through the countries of France, Spain, Monaco, Italy and Switzerland.
Before I left on my trip I was a little concerned about the markets which were showing weakness and decided to sell off all my winners, hold onto my few losers in my leveraged stock and commodity accounts before I left.
While on my trip I dreaded opening my online trading account each day as it was dropping. Not only was the trip costing me a fortune (by Indonesia & Canadian Standards) but my portfolio was dropping daily primarily on fears of a Greece financial collapse.
But I reminded myself as I've learned in life when things look the worse they usually get better and as I learned in the financial markets to focus on the long-term fundamentals and forget about the daily and weekly fluctuations. MORE
Second-half inflation fears:
In January I said that “by the middle of this year investors would stop being concerned about recession and start being concerned about inflation”.
One only has to type the word inflation into a Google search for news and you'll find a multitude of countries that are fighting inflation at this time.
Here are just a few examples. MORE
Inflation in America – What will hyperinflation look like?
Inferior economic thinkers have dominated American politics for the last 100 years. Short-cuts, cheap debt, and market manipulating policies will collapse the US monetary system.
Almost all economists and politicians in power are Keynesian economists. They believe the free market is chaotic, illogical, and inefficient. They believe they are smarter than the market. They believe they can prevent the cycles of boom and bust. MORE
How you Can Profit From Higher Inflation?
Even though many commodities dropped in the first half the C.R.B. index, which represents the Commodity Research Bureau Index a basket full of items that an average American would buy increased almost 4% since Jan 1st.
Inflation can be your friend if you buy tangible hard assets. MORE
BALI AIRLINES NEWS
Virgin Australia gets in quick to boost services to Bali
VIRGIN Australia has moved quickly out of the blocks to take advantage of a new air services deal with Indonesia and seek an increase of almost 50 per cent in capacity to Bali. MORE
AirAsia is celebrating being named the World’s Best Low Cost Airline
For the third year in a row with a massive sale across its network including London, Paris and Bali from today. MORE
BALI REAL ESTATE NEWS
Bali’s New Real Estate Demand - Retirees:
One thing I pride myself on is my predictions on the economy, investments, and especially world real estate markets that I've made in my Bali news and Views newsletter and seminars over the last eight years in Bali an throughout Asia and Australia. MORE
Own this two bedroom © Bali Luxury Villa, pool for only $189,000.
Quaint luxury villa in five star resort: This quaint recently built two bedroom elegant villa is located in the extremely popular Golden Villa luxury complex and comes complete with all the amenities of a five star resort. MORE
Indonesian Consumer Confidence Highest in Years:
Consumer confidence rose to the highest level in years, as Indonesians report feeling secure about stable food prices and the nation’s economic welfare, according to a survey released on Monday. MORE
Inflation rates reached 5.98 percent in May:
Analysts and central bankers were optimistic inflation rates would remain within the central bank’s safe range of 4 percent to 6 percent.
Bank Indonesia said consumers were expecting a rise in inflationary pressures in the next three to six months, peaking in August when costs of goods and services increase during Ramadan and Idul Fitri. MORE
WORLD INVESTMENT NEWS
The U.S. dollar turned lower in Asia
FOREX: The U.S. dollar turned lower in Asia, as the euro rebounded from overnight decline amid expectations that the European Central Bank will hike policy rate tomorrow. MORE
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Disclaimer: All information presented above is considered true and reliable to the best of our knowledge at the time that it was produced. Information and prices may change without notice. We accept no responsibility for incorrect information listed herein . All recommendations may lose value in the future due to economical, political influences or any other reason. We do not guarantee the future performance
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