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Posts Tagged ‘China’

Economy In Best Shape In 18 Months

November 29, 2012 Leave a comment

— Photo Courtesy of cnbc.com —

According to a Bloomberg Global Survey, the economy is in its best shape in 18 months with China’s economy improving and the U.S. looking to avoid the fiscal cliff driving optimism and stock markets up globally.

Two thirds surveyed described the global economy as either stable or improving with Investors selecting  stocks and the equity market as the first choice of investments with real estate and the housing market and second for investment opportunities.

The U.S. came out on top for the eighth straight quarter when investors were asked which  where they saw opportunities for the next year with China coming in as second to the U.S. and Europe as the worst place for investing. China was fourth in September according to Bloomberg survey of subscriber traders, investors and analysts.

“U.S. companies have better profit potential, balance sheets and access to capital,” Christian Thwaites, a poll respondent and president and chief executive officer in New York of Sentinel Investment, which manages more than $27 billion, said in an e-mail.

Expectation  is that the U.S. will avert $607 automatic spending and tax cuts which is helping fuel the global optimism that  President Barack Obamaand Congressional leaders will reach a short-term agreement to avoid the fiscal cliff.

Commodities are down 18 perent from September according to the last survey and forcasted to be the attractive asset expected to perfrom well over the next with the worst being U.S. Treasury bonds which forty-eight percent holders intend to sell bonds over the next six months.

“The global economy is improving, recovering and healing, thanks to the U.S. and the emerging markets,” said Andrea Guzzi, a poll respondent and vice president of IST Investmentstiftung fuer Personalvorsorge, which manages money for Swiss pension funds. “More people are becoming wealthy, less and less are poor.”

References
Globial.com
Unionleader.com
Bloomberg.com

 

 

China’s Cyber Assault on Brian Milburn’s Solid Oak Software

November 28, 2012 Leave a comment
— Photo Courtesy of presstv.ir —

Brian Milburn gives us a rare look at the activities of Chinese cyber hackers committing corporate espionage to steal codes, take credit for new software,  and relentlessly  harass  and cyber attack a company and personal lives in efforts to stop a lawsuit.

Imagine  mobile and computer cameras spying on your personal and corporate life plus personal, corporate and related attorney’s emails and files on corporate servers accessed by the entity you are suing in court.

Milburn and his company Solid Oak Software lived a three year nightmare of their privacy being violated and crimes perpetrated  on his life and business with the blessing of the Chinese government.

Cyber hackers and  attackers  backed by the  Chinese Government on stolen software codes collapsed Brian Milburn’s Solid Oak Software business,   efforts to remedy eventually weakened his heath  and yet he did not back down during the three year legal  and cyber war.

University of Michigan researchers examined the code and verified  it  used to create internet babysitting software  touted by the Chinese Government  as their own which was the center of this corporate espionage

Retaliation, attack and harrasment began after Milburn publically accuse china of taking his parent filtering software called CYBERsitter and sued the People’s Republic of China where in three years he never once saw a lawyer, nor documents from China attorneys because they never filed one except one short request to have the case dismissed.

A one man battle unit  and without any assistance from any U.S. government agency,  he tried to stay one step ahead of the hackers endlessly making maneuvers to protect his network, swapping out servers, trying to determine middle of the night malfunctions and watching his sales decline rapidly. Later he  learned hackers interfered with his order system by then it was too late.

“It felt like they had a plan,” says Brian Milburn.  “If they could just put the company out of business, the lawsuit goes away. They didn’t need guys with guns or someone to break my kneecaps.”

The intruders were identified by Jose Stewart of Secureworks, a threat expert,  that the hackers were out of Shanghai who were known for their national security breaches for a number of years known as the “comment” group as identified  also by other commercial hacker hunters.

This group has hacked into the president of the European Union Council, major defense contractors and even Barack Obama’s 2008 presidential campaign.  The group has been linked to the People’s Liberation Army, China’s military, according to leaked classified cables.

Two months after the court was settled, the cyber attacks stopped.

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References:

TheRegister.co.uk
DFINews.com
GeekSlop.com
Bloomberg.com

May 29th – 1.7% Today’s Profits – USD looking strong in Forex Trading

From ForexTradeGains.com
1.7% Profit Today During London Market

ForexTradeGain.con  strategies  resulted in profit due to currency opportunities  driven by a  dramatic panic selling environment because of the surmounting issues within European Union,  talk of China coming into the picture,  Japan  cutting jobs and Spain’s worsening economy and banking problems.

With bearish trending  Asian and European markets, the US Dollar is looking strong  but only because the EU is performing badly.

Technicalities 
There is  good gap on most major currencies that occurred over the weekend. Some of them have already been filled and are good areas to plot S/R. Not to mention it can usually be a ‘strong’ indication that if it gapped up ‘over’ a Resistance then we could look for further buying and vice versa for selling.

We’ve hit some major barriers on most pairs and we have some down trend lines being taken out. Could be a time for  consolidation or further profit taking.

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AAA Rated Forex 
Brokerage

ForexTradeGains.com
Team@ForexTradeGains.com
Phone: 423-523-9911

Additional Reading:

An Introduction to Forex Trading – A Guide for Beginners

Profiting With Forex: The Most Effective Tools and Techniques for Trading Currencies

The Sensible Guide to Forex: Safer, Smarter Ways to Survive and Prosper from the Start (Wiley Trading)

Attacking Currency Trends: How to Anticipate and Trade Big Moves in the Forex Market (Wiley Trading)

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