How to Create Economic Growth in America- 10Aug2010

Posted on August 12, 2010
Filed Under 5 Questions, Capital Markets, Finance, Geo-Americas, MyOrbit Videos, People, Podcasts | 1 Comment

Michael Pento, senior economist at Euro Pacific Capital, and Dan Greenhaus, chief economic strategist with Miller Tabak, debate the issues in this clip.

I strongly disagree with Michael Pento, who says a depression should be encouraged in America. His view that the govt. should be as impotent as possible, is one of the most funny statements in the recent months. The need is to increase the money supply, not decrease it. The asset prices (home prices) will automatically fall down gradually in the coming years, based on demand-supply, but it will avoid a crash. Today is not the time to trim the role of the Govt.

If anything can prevent America from depression with deflation, it is the US Govt taking the lead with offering new economic stimulus packages – for infrastructure, for education, for vocational training, etc. Fiscal policy levers/incentives must be used to spur private sector growth, where in the govt. either becomes a buyer or actively sources buyers through export opportunities.

The need is for the govt. to take charge and play a major role. US businesses alone can’t do much. In addition, taxes on the rich must be renewed, not removed. Unless job growth happens, no real economic recovery is possible.
-Shankar

How To Build Sales Team Competence?

Posted on June 15, 2010
Filed Under 5 Questions, Business Development, MyOrbit Videos, People, Start-ups, Training | Leave a Comment

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When a business finds the right sales staff, it will see how sales can help it expand to a new level.
“It’s integral if you want to grow your business to a more substantial agency that you understand how to successfully ramp up a salesperson,” — Jenny Dibble, owner of SearchMarketMe.

Online Payment Service Providers – Opportunities and Challenges

Posted on June 4, 2010
Filed Under 5 Questions, FAQ, Innovation, Interests, Internet, MyOrbit Blogs, Online Marketing, Sales & Marketing, Start-ups | Leave a Comment

As the usage of Internet for business transactions increases, we now have dozens of online payment service providers, of which are specific to a country and some are global. This wikipedia page has a comprehensive list:

PayPal is the undisputed leader in online payment service providers. Google has tried to build market share for its Google Checkout over the last two years but feedback from my customers and business partners is that Google Checkout is still not their preferred online payment mechanism.

Most other online payment service providers are limited in their appeal, and are used by specific niches of customers. For example, there are some payment providers for online pharmacy transactions and online betting transactions. These are large industries however as the legalities are not the same or favorable in all countries, therefore such payment providers are able to offer a solution that is needed by the companies in these industries. Read more

Thoughts On 1000 Point Fall in Dow Jones

Posted on May 8, 2010
Filed Under Artificial Intelligence & Robotics, Banking & Financial Services, Capital Markets, Finance, Geo-Americas, Interests, MyOrbit Blogs, Risk Management, Software | Leave a Comment

Create a massive fall in the market large enough to trigger stop-losses typically set up at 5% drop, and then buy blue chip stocks at 30% less price before they recover, sell Put Options at 1000% gain, blame it all on computers and trading algorithms. Some person or some company somewhere has walked away with billions in profits after this event. It looks very well planned. This event was most probably an example of higest form of market manipulation, a bold master stroke, though illegal and unethical.

To find answers, we need to check the money-trail. Read more

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