Post-holiday madness as OECD and monetary data points to eurozone slump

Stocks rallied across the world on Monday with some good US holiday spending over the weekend taken to heart rather than the OECD report claiming that the eurozone and UK are already dipping back into recession and some appalling monetary data.

The Daily Telegraph today points to plunging M1 money supply: down 20.7 per cent in Greece, 16.3 per cent in Portugal, 11.8 per cent in Ireland, 8.1 per cent in Spain and 6.7 per cent in Italy. This is higher than in 2008 and portends a grim monetary squeeze in the eurozone which the OECD says is already back in recession.

Eurozone recession

The data is a reminder of how the eurozone economy is sinking and shrinking while the leaders sound off about the need for action and do nothing coherent about it. The triple-A ratings of France, Britain and Austria are clearly in jeopardy as the regional banking system implodes with a default by Greece still the obvious trigger.

At the same time stock market investors tired of the long fall in share prices yesterday and seized on some quickly rubbished news that the IMF was about to bailout Italy to drive prices higher. There was also the surge in US shopping last weekend after the Thanksgiving holiday.

However, this particular retail indicator could well be as misleading as the IMF/Italy story. Shoppers taking advantage of bargains last weekend my have brought forward purchases to get low prices, a logical thing to do in bad times. The true picture will emerge from US retail sales next month.

Americans would love to believe that the long eurozone disaster could be safely forgotten for the US presidential election year ahead. However, a nasty climax within a month or two is still a far more likely proposition with an aftermath that will overshadow the rest of the year.

Facebook IPO?

Could Facebook get its rumored $10 billion IPO away before the end of 2011 in a pre-Christmas rally? If so that would likely mark another short-term market top but then the market has to get there first.

Facebook has delayed its IPO so long that it seems more of a candidate for the one that missed the boat. Even Fitch just cut its ratings outlook for the US to negative so Facebook ought to get a move on if it wants to cash in on this highly dubious stock market rally.
Posted on 29 November 2011 Categories: Banking & Finance, Global Economics, US Stocks

3 Way To Refferal

When you are in business getting referrals as many as you can is batter then 1000 ads on tv and cheaper and because of it the profit will increase “Happy Customer bring another”.

Isn’t greate if every day new referral sitting and waiting at your office for your service and guide

1.Referral Groups

There are many referral groups out there for you to choose from. The premise of a referral group is first and foremost to receive and give referrals.

It works something like this;

Once a week your referral group meets at a designated spot for breakfast or lunch, and the meeting typically lasts for an hour to an hour and a half.

These groups normally don't allow for any kind of conflict between industries, so you will most likely be the only one representing your industry. For instance there is only one banker, one printer, one loan officer, etc., etc.

In the beginning you spend some time catching up and exchanging business cards. As you are eating, each person is given a minute or two to take the floor and talk about themselves and the company that they work for, and give the group an idea of what a good referral would be for them.

Personally, I have been involved with these groups in the past and find them to work extremely well. One of the more popular ones is Business Networking International (BNI). You can find a local chapter on the web.

Look at it from this point of view, if your group has twenty-five people in it, than consider it a sales force working for you. Don't forget, you are required to give referrals also.

2. Chambers of Commerce

Every city, town, or county has a Chamber of Commerce. They are not hard to find, and they are fairly simple to join. You can easily find your local chapter on the web or in the yellow pages. They also advertise in local business directories and news papers.<

The chamber is a very friendly and relaxed atmosphere. They meet once a week usually with a luncheon at a local restaurant. The first half hour is a network and business card exchange, followed by lunch with announcements about upcoming events, and a guest speaker.

Before hand, tables are provided to display your literature and props, and be on hand to discuss your business.

Chambers also hold annual events that you can participate in. Their events are normally held in the form of business expositions where you can rent a booth to display and sell your products.

Chambers normally have a lot of members depending upon the location, so you will probably find yourself competing for business with other people in your industry.

I continue to be involved with my local chamber, and have found it to be very beneficial to my career. I have found these organizations great for meeting people as well.

Keep in mind, these organizations come with very reasonable annual fees', so make sure it fits your budget.

3.Giving Referrals

Perhaps one of the best ways to get referrals is to give referrals. If you give someone a referral and it works out for them, they will love you and remember you forever. And in turn, send referrals back your way.

I have to say, throughout my career, I found this to be one very effective way to get referrals. You might want to consider teaming up with someone with a similar job in your industry. For instance, if you are a loan officer, team up with a realtor, or if you are a home inspector, you might team up with an appraiser.

These are three very effective ways to keep those referrals coming your way. They have worked for me, and I have found them to be a nice way to break up my week, and build relationships with other business people in my community. Give it a shot. You won't be disappointed. Good luck!