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China Budget Hotel Report, 2009-2010

December 31, 2009, China had a total budget hotels in 3757 to 952 and 33.9% year on year, with 412,840 rooms and 99,910 increased 31.9% year on year
The ten best budget hotels in China were Home Inns, Jinjiang Inn, Motel168, 7 Days Inn, Hanting Inns & Hotels, GreenTree Inn, Super 8 Hotel, Hotel Ibis, Hotel Vienna and Home Hotel. The first three, five and ten accounted for 37.0%, 52.5% and 63.3% of the Chinese market for a budget hotel, respectively, and the market is concentrated more in the future.

Hotels in China are mainly distributed in the first budget line cities like Shanghai, Beijing and Guangzhou, Beijing and Shanghai accounted for only about 25% of China. In the future, groups of well-known budget hotel will be extended to the cities of the second level and third level, due to a broad future perspective there.

The report has made a thorough analysis of China budget hotel industry in terms of tourism development, the development of the hospitality industry, the development of a regional economic hotel, national hotel groups economic, and regional groups of budget hotel.

Table

Content:

1. Definition and Characteristics of Budget Hotel
1. 1 Definition
1. 2 Features

2. International Budget Hotels
2.1 Development Course 2.2 Management

3. China Budget Hotels
3.1 China’s tourism industry

Hospitality 3.3 3.2 China List of hotels in China Budget
3.4 Modes operation of the cheap hotels in China

4. Regional markets in China Budget Hotel
4.1 Tourism and Hospitality Budget Hotel 4.1.2

4.2 Shanghai 4.2.1 Tourism and Hospitality


4.3.1 and 4.3.2 Tourism Hotel

Budget Hotel 4.4
4.4.1 Chongqing Tourism and Hospitality

4.5 4.4.2 Budget Hotel
4.5.1 Guangzhou Tourism and Hospitality Budget Hotel 4.5.2

4.6 4.6.1 Xi’an Tourism and Hospitality Hotel
4.6.2 economic

4.7 Nanjing 4.7.1 Tourism and Hospitality


Tourism and Hospitality
4.8.2 Budget Hotel

4.9 Shenzhen 4.9.1 Tourism and Hospitality


4.10 4.10.1 Wuhan Tourism Sector 4.10.2 and Hospitality Budget Hotel

4.11Chengdu 4.11.1 Tourism and Hospitality 4.11.2

Budget hotel Jinan 4.12 4.12 0.1 Tourism and Hospitality 12.4 0.2

Budget Hotel Shenyang
4.13 4.13.1 Tourism and Hospitality 4.13.2 budget hotel

4.14.1 4.14 Suzhou Tourism and Hospitality
4.14.2 Budget Hotel Qingdao

5. Hotels nationwide chain Budget
5.1 Home Inns 5.1.1

Profile 5.1.2 Operation 5.2 Jinjiang Inn

5.2.1Profile 2.5 0.2 5.2.3 Operation
list of actions to

5.3 Motel168 5.3.1 Profile 5.3.2

5.4 of Operation 7 Days Inn 4.5 0.1

Profile 5.4.2 Operation 5.4.3 listed on the NYSE
5.4.4 buy direct sales power
5, Hanting Inns & Hotels 5
5.5.1 Profile 5.5.2 Operation

5.5.3 listed on the NASDAQ 5.6 Greentree Inn

5.6.1 Profile 5.6.2 Operation 5.7

Super 8 Hotel 5.7.1 Profile 5.7.2

5.8 Operation Ibis Hotel

5.8.1 Profile 5.8.2 Operation 5.8.3 Start
franchise operation to rapidly expand
5.9 China’s Market 5.9.1 Vienna Hotel

Profile 5.9.3 Operation 5.9.2 Business Boutique Hotel 5.10 Guidance

6. Hotels Regional Budget

6.

Lions Gold-100

6.3.1 Nanyuan Inn Profile

6.4 6.3.2 Operation 6.4.1 City Inn

Profile 6.4.2 Operation 6.5
Huatian Inn

6.5.1 Profile 6.5.2 Operation 6.6

hotel Xilong 6.6.1 Profile 6.6.2

Garden Inn operation 6.7

6.7.1 Profile 6.7. 2 Operation
6.8 Shindom Inn

hotel Huakun 6.9.1 Profile

6.9.2 Operation 6.10 A Hotel-e-

6.10.1 Profile 6.10.2 Operation 6.11 Grace Inn

6.11.1 Profile 6.11.2 6.12 Operation Star Holiday

6.12.1 Profile 6.12.2 Operation 6.13

6.14 Operation Orange Hotel

6.14.1 Profile 6.14.2 Operation 6.15

WHWH 6.15.1 Profile 6.15.2 Operation

7. China’s Budget Hotel industry trend of development
7.1 Differentiation and branding operation
7.2 Specialization Management and Enhancement Technology

Cheap Holidays To Hong Kong? A trip to the infinite pleasures
Glamour

, brightness, and endless fun is what come to mind when one thinks of Hong Kong. Whether it’s swallowing gallons of local tea and gorging on noodles and dim sum, or crazy shopping with one of the outlets irresistible, Hong Kong grows slowly on the senses and ultimately enslaves you. Let me offer a little look inside some of the greatest magicians of Hong Kong.

Statue Square

bright Statue Square assaults visitors with its amazing variety of modern architecture and some not so modern picturesque structures. This is the place to get close to the most famous buildings in Hong Kong as the Bank of China, Hong Kong and Shanghai Banking Corporation (HSBC), Legislative Council building, the Bank of China, the Cathedral of St. John, and the International Finance Centre. The International Finance Centre is one of the tallest buildings in the world and has appeared in famous movies, “The Dark Knight” and “Tomb Raider II ‘.

Western

Market

four story building Edwardian red brick serves as a shopping center. There are numerous souvenir stands, curio vendors and small shops. Reserves on the first floor and exotic silks many other tissues.

Victoria Peak

Victoria Peak is a hill station in colonial times. Using the old Peak Tram funicular called to reach Victoria Peak, makes the journey a pleasure in itself. The form and the adventurous can climb the highest peak tram terminal. The attractions here are different drinking in the views of the Peak Tower, retail therapy at the Peak Galleria shopping center and take the Walk of Pico circuit. Dining at the Café Deco is a must have experience here.

Happy Valley

visit on a Wednesday night and behold racehorses precious runway environment in the fire. The atmosphere is electrifying as fortunes are made and broken here. Furthermore, this is the only type of gambling allowed in Hong Kong.

Star Ferry

Those willing captivating views of Kowloon and Hong Kong docks during days or nights would do well to jump on board one of the tub-shaped green and white ferries.

Mid-Levels Ladder

This is the most escalators over the world and is about 800 mts. escalator same goes uphill and downhill. It is a major attraction for people who want to have panoramic views of the bright area Soho.

Times Square

This is perhaps the largest retail spaces in Hong Kong and is like a temple of Mammon. This huge complex has nine floors of shopping. A huge screen and the electronic clock to make a spectacular exterior. This was the headquarters of the countdown to the millennium in 2010. This is also where visitors wasting all that save on holiday booking flights to Hong Kong.

Wong Tai Sin Temple

This temple is a combination of Buddhist, Confucian, Taoist and traditions. It is named after an alchemist named Wong Tai Sin, which is believed to have invented a potion cure all ailments. Decorations latticework, golden roof and red pillars provide the temple with a colorful character. A popular activity here is to visit the diviners. The temple is at its best animated during Chinese New Year celebrations . These are just some of the delights awaiting those who book cheap holidays in Hong Kong

Hong Kong Museum of History

The museum is located next to Hong Kong Museum of Sciences Kowloon. is a treasure of exhibits dating from prehistoric times to Hong Kong. Exhibits include replicas of old village house photo collection period, and traditional costumes. There is even a replica of the entire street. In addition, there are quite a few exhibitions and

Holiday survey reports Donors are willing to give: How can your organization profit

The holidays are definitely a time when people are thinking about giving … his family, friends, and organizations that have made a difference in their lives or the lives of those less fortunate. According to a survey released in Convio November 30, 2010, 174 million American adults plan to donate to charities this year, resulting in an estimated one billion in donations between Thanksgiving and Christmas.

The question is … How is your organization prepared to take advantage of the generosity of donors?

Have you ever been Christmas shopping and looked and looked to have the perfect gift … nothing … then waiting in line, there it is – a gift card to the tent of his mother’s love or the perfect stocking stuffer for her husband is marketing -…. putting the right product attractive to the buyer is easy, affordable, and something that will provide a benefit must provide donors with an equally simple solution may not want to watch and find an organization in need, but if one falls on his lap, they will support. You need to give them easy options, here are a few. Send an e-mail, tweet, or text message – Create a warm holiday message telling them of the successes of the organization and encourage them to give a gift through a link (the simplest thing you can do this by the donor, the better!). You may want to include a short video of holiday that offers pictures and quotes from customers who use their services.

update your site -Make sure your website is updated with current news and entitling a link on the home page

include a link that opens onto email signature -. Set a vacation message on their self-signature to outgoing messages and include a link to your on-line giving

Make giving Easy -. Having to send packets of information available in the lobby, acting for the party, or anywhere frequent donors

Direct Mail

-.. If you have not prepared a guarantee at this point, it may be too late for this year, but keep this in mind for the next few years

holiday greetings to send a Christmas card with photos of your agency or its major donors to send something a little more significant, a handwritten note, a plant holiday, or a picture of them in a past holiday function.

Recognition appropriate

-While the holidays can be busy, be sure to send notes of the system, with all my heart to each of its donors.

These are some strategies you can use to maximize your organization’s efforts in fundraising during the holidays. The key is choosing the right vehicle for your agency. Good luck and happy holidays!

Day Trading Economic Analysis News: Events of April 22, 2010

Events

Economic Calendar

March Produce Price Index

Last month, the index producer prices fell 0.6% compared with the jump in January of 1.4%. The PPI measures prices at the producer level before passing the cost along to consumers. The increase in inflation at the producer level would mean higher interest rates and higher stock prices. On the other hand, lower inflation and interest rates mean lower stock prices. The following graph shows annual PPI is a trend that softer than the monthly estimates.

weekly unemployment claims

During the first week of April CareerBuilder.com provide a sense of optimism as the number of listings of jobs. However, initial jobless claims rose for the second straight week to 484,000 24K. The increase may be due to the Easter holiday and Cesar Chavez national holiday in California.

number of jobless

be observed from an average of 4 weeks in motion by giving a better perspective that the weekly report. Previously, the 4-week moving average increased to 457 750 7500 but still below the previous month. March Existing Home Sales

Last month existing homes sales fell for a third consecutive monthly fall of 0.6%, which is the lowest in eight months. The low number could have been the result of winter storms that hit home viewings. Home sales offer housing demand and built homes, condominiums and cooperatives with closed sales for the month. Home sales provide much of the housing industry in New Home Sales Friday.

Last month two actions referred to in the housing sector: Lowe and Home Depot. Currently the two populations are near their maximum 52 weeks. Another way of looking at existing homes sales figures is that homeowners are resuming fix their current homes instead of buying or pass new ones.

Natural Gas Weekly Report

Last week, the Energy Information Administration reported that natural gas rose more than expected 87 billion cubic feet for the week of April 9. The increase in inventories is likely to keep prices stable or lower, because it weighs more than supply and demand.

Utilities SPDR ETF (XLU) hit 52 week high of 32.08 in December before trading sideways at their current levels. If natural gas inventories continue to rise, then he may break the support level of 28.50 before taking any short position in natural gas.

Disclaimer

The contents of this web site are provided for educational and informational purposes only. We do not offer investment advice, and nothing in this material should be construed as such. There is a risk of loss when investing, past performance is no guarantee of future results. Trade is the sole responsibility of the person. No reader should act on the basis of any matter contained in this document without appropriate professional advice. Every investor or trader should consider all advice and all offerings of products and services on its own merits and suitability to the individual’s personal needs and circumstances.

All rights reserved TraderMongers.com © 2010

Are you thinking join a holiday club?

Copyright (c) 2010 Alison Cross

From the 1980s, a series of independent holiday clubs have evolved offering flexible holidays at affordable prices.

Clubs

holiday, also known as holiday clubs, use a combination of inventory of unused resources and values ??at home to provide its members a wide range of apartments houses mostly at affordable prices. The members are not owners but rather rent apartments through the club, usually around the level of wholesale prices.

The quality of the units tends to be higher compared to what is available to major tour operators selling self-catering holidays because most of the units offered are from the timeshare industry.

Most units include fully equipped kitchens, cable TV / DVD and private bathroom (two bedrooms). Facilities at the sites often include pool, tennis courts, restaurant, bar and mini-bar.

It is important to distinguish between the clubs of holiday / vacation and holiday / vacation property programs. The latter use their own inventory pool complex, which is collectively acquired through sales of new members.

Resort Vacation Clubs originally evolved in the 1980s as a secondary product to offer customers are not willing to buy a timeshare, while in resort sales presentations.

In most cases, the resorts offer the prospect of a three-year membership that gives users rights in timeshare resorts in particular.

The logic is simple. A portion of the cost of sales presentation and a normal commission for the sales agent are discussed in the vacation offer club membership. The complex had the opportunity to try to “convert” the holiday club members in a buyer timeshire while staying at the resort. Most clubs allow the owner to transfer their rights to a friend, so the complex in many cases have the opportunity to sell to third parties. These “trial memberships or package implementation” became a solid high among most timeshare developers worldwide. The concept of ‘club’ increased popularity in Europe, where Community legislation imposes a 10-day cooling period without advance deposits for all new timeshares that were outside the law, if sold for less than three years. The developers were allowed to continue its sales and marketing programs within the new legal guidelines of the EC, after a minor change documents three years to two years and 364 days or its equivalent.

A holiday club known in the market as a travel and leisure club because of its varied products, was established in 1987 as a low-cost to test a time-share program.

program was established three years for potential buyers to test timeshare timeshares, the group was ready for sale, for rent these weeks of timeshare (s) about the amount of the fee of maintenance.

Club members are encouraged to make the club timeshare property with the incentive that one. portion or all of their club is credited for the timeshare purchase

As membership expanded rapidly – it became apparent that many prefer the flexibility of the club to purchase timeshare > As a result, in early 1990, the holiday club was established as a single travel and leisure club, which, for a fee once again an affordable payment and annual renewal fee station installation covering the week apartment developed by eventually also created a travel agency providing complete travel services to members of booking flights, hotels and cruise right through the theater bookings and restaurant.

Members

could take up to three-six hotels resort weeks a year at a wholesale price, which usually amounts to the rate of annual maintenance complex, along with a small fee. Finally, provide an annual saving on your vacation to more than 25,000 families in 25 countries.

Unlike timeshare programs or “Vacation Ownership”, however, the inventory dispersed on vacation and travel clubs usually requires its members to be flexible in their choice of holiday, for example asking members to provide three places with a requested date window for each holiday.

successfully run holiday clubs are a very viable alternative to buying timeshare as spending less (usually from £ 495 to £ 3000), members pay only for what they use and can back several weeks a year.

With a well chosen holiday club will get guaranteed quality holiday resort every year usually with significant savings.

Day Trading Economic News Analysis: April 15, 2010

April Empire State Manufacturing Survey

In March, the New York Fed said the Empire State Manufacturing Survey fell by 2 22.86 to 24.91 points in February, however, is above the consensus of 22.0. New orders should see an increase in the April index of manufacturing empire state.

Manufacturing The survey gives a detailed look at New York’s manufacturing sector, which is ahead of other surveys such as the Philadelphia Fed and the ISM manufacturing index.

Unemployment Claims

During the first week of April CareerBuilder.com provide a sense of optimism as the number of job listings. But last week the Labor Department showed negative signs in the labor market as jobless claims rose to 460k compared to 439K in the previous week. The increase may be due to the Easter holiday and Cesar Chavez national holiday in California.

4 week average in motion gives a better perspective that the weekly report. Previously, the 4-week moving average rose to 450,250 from 2250 to early March.

March Industrial Production

industrial production shows the number of manufacturing, mining, electricity and gas are using their resources, which represents 20% of GDP . It is an important tool for forecasting future GDP and the inflation measure of central banks.

February last month industrial production increased 0.1% after 0.9% in January. December industrial production also rose by 0.7% the conclusion of a three-month moving average of 0.57%. The three-month moving average gives a better idea of ??the trend. However, the future seems to be mixed as other indices showed that both February Philadelphia Fed and New York manufacturing index rose however the ISM manufacturing index fell back.

April Survey Philadelphia Fed

Based on last month’s figures in April Philadelphia Fed survey is expected to be higher. March Philadelphia Fed reported an increase of 18.9 in manufacturing compared with 17.6 in February. The Philadelphia Fed is a good indicator of industrial production index. Industrial production next month expected to increase only in February industrial production rose 0.1% after 0.9% in January. On Monday March 15 March of the Empire State Manufacturing Survey fell 22.86 24.91 February, however, is above the consensus of 22.0. These numbers are indicating that the manufacturing sector appears to be stabilizing as the economy is recovering.

Manufacturing

is an important sector of the economy and gives an idea of ??the prices of raw materials. By understanding the type of investment that the manufacturing sector is looking for, prices will continue to address, as well as inflationary pressures.

If the manufacturing sector is trying to steel and other raw materials after the rate increase and also the prices of these products, as well as inflation.

Natural Gas Weekly Report

Information Administration Energy reported last week reported a natural gas increased to 31 million cubic feet growing in the last 12 million cubic feet for the week March 26. The increase in inventories is likely to keep prices stable or lower, because it weighs more than supply and demand.

April Housing Market Index

March housing index fell to 15 February 17 due to credit crunch, bad weather, and competition with other distressed properties. The housing index is 0 to 100 and shows the demand for new housing provided by the National Association of Home Builders.

mentioned last month housing sector stocks: Lowes and Home Depot. Both Lowes (LOW) and Home Depot (HD) are now hitting their 52-week highs of 25.01 and 32.50, respectively. As of April 14, 2010 Lowes is currently trading at 26.59 (52 week high = 26.63) and Home Depot is located on 34.98 (52 week high = 35.07). Homeowners are returning to fix and repair their current homes instead of buying or pass new ones.

February Morning housing will be released tomorrow in the provision of data on new construction activity. The buyer federal housing tax credit for home buyers first time and repeat buyers ends on April 30, 2010. Qualified first-time homebuyers receive a tax credit of up to 000, while repeat buyers are eligible up to 500.

Disclaimer

The contents of this web site are provided for educational and informational purposes only. We do not offer investment advice, and nothing in this material should be construed as such. There is a risk of loss when investing, past performance is no guarantee of future results. Trade is the sole responsibility of the person. No reader should act on the basis of any matter contained in this document without appropriate professional advice. Every investor or trader should consider all advice and all offerings of products and services on its own merits and suitability to the individual’s personal needs and circumstances.

All rights reserved TraderMongers.com © 2010

If we fund managers to be? fund manager in 2010?

not normally read the paper (although I read a lot on the internet, so I guess it’s not 100% accurate), but on the way home from 3 week holiday in Europe I found myself reading the Financial Report of the Bangkok -. Sydney leg of our trip

I read with interest an article on the fund manager of the year ’2010 ‘. Despite operating in space “managed funds”, what we offer is not strictly speaking a managed fund ever, unless I wanted to read about what led him to become a fund manager of the year.

There were a number of points that struck me in the article, first was the amount of money that this particular manager was supervising. The number was something on the order of 0.1 billion dollars (USD). Given your background that began not long after we started our service account management (late 2007) which is a great achievement (if your goal is to have a lot of LMP). The second thing that struck me was that I was beating the index by 5%, but from the beginning had delivered a return of 5% to their customers.

It made me wonder what criteria are used to evaluate fund managers, particularly the “fund manager of the year.” Is the fact that $ 0.1 million under management which makes it a fund manager of the year, I would not, because there are plenty of funds with more LMP. Is your excess return? Again no funds more outperformance. And, finally, is its overall performance, since it does not grant the fund manager of the year to deliver a return of 5% from the beginning that True

creating superior performance when you are managing a lot of money is a very difficult task, and I applaud him for achieving the results you have. The article left me wondering how many financial planners would recommend their clients invest in this fund because it is the “fund manager of the year 2010.” (He had also been lucky enough to win the title in 2009 as well).

Comparing our results with those of the administrator in the article, we are ahead of all charges. Does that make me fund manager of the year so blatantly as indicated in the title of this article? I think not. If there is anything that calls into question the validity of the fund manager of the year title, and also advises on the formulation of recommendations to clients on the basis of such praise, a good counselor will look for the director who best suits your needs of customers.

The system of funds management and financial advisory services to the global level requires a new approach. How can a manager who oversees 0.1 million dollars (a relatively small sum by the standards of managed fund) be nimble in the market? The fund management has become an exercise in “re-weighting ‘to an index and a portfolio investment model. Often, the manager has the obligation to maintain certain percentages in various sectors or specific populations, even. These restrictions are not a good omen for the security of the investor or the overall profitability of the funds.

Our

negotiating style, with cash as a basis for our position allows us to be agile and move in and out of the market as opportunities arise. We are also able to maintain 100% cash, which most funds are not able to do. Because of our trading style, there is a limit to the amount FUM can handle before that restrict our ability to trade freely. While we are very far from this point, we know that there is an upper limit and will address this issue with the time. Perhaps if more fund managers believe that their optimal level of FUM was for the investment style that would be able to offer better returns to their clients.

my next post will be covered by small not only beautiful, small is profitable when it comes to managed investments. Stay tuned.

Roe Capital Management in February 2010 Stock Market Outlook and update performance January

hangover from the December holidays usually takes a couple of weeks into the new year and 2010 was no exception. Narrow ranges in the S & P has given us very few trade setups earlier this month. We spent a lot of time off the market. As the months progressed and stock prices began to deteriorate, our programs managed to find some situations appropriate for negotiation. The expansion of a month’s delay in volatility, however, opportunities remained few and far between and, as such, the capital ROE resulted in a positive month with trading volume below average. (For more information about our managed futures performance, see our full report on results of January).

Our

correlation with the S & P has begun to reverse, which is good because they expect the S & P to be under pressure throughout the year. Our colleagues in managed futures (represented in the Newedge CTA Index up) struggled in January and, with trends difficult to achieve in many markets.

Monticello Equity January 2010

2010 YTD 1.03% 1.03%

Jefferson January Index 2010:

2010 YTD 1.00% 1.00%

S & P 500 January 2010

(3.70%)
2010 date: (3.70%)

Newedge CTA Index January 2010

(1.44%) ‡ 2010
date: ( 1.44%) ‡

‡ Estimated using data reported by 02/01/2010 |. Past performance is not necessarily indicative of future results

better than expected GDP reported in January failed to reverse capital losses of each month. All major averages pulled their lows in December, which, as noted in my review of year end, a bad omen for the year 2010 stock prices. After the start of the farewell to the month of January employment report looms large. Since February is seasonally the second worst performing months for the S & P, a catalyst is required for a rally to gain traction.

A rally could materialize from a. much stronger than expected jobs report based on solid figures ISM Without the catalyst, the S & P must move sideways to lower throughout February. The geopolitical situation is to add pressure on equity prices. Iran is bristling over U.S. decision deploy a Patriot missile defense system in the Persian Gulf. China is moving to the top of the housing bubble through a restrictive monetary policy, which will negatively impact global growth. Greece faces what Moody calls a “slow death” because it is unable to attract buyers for its debt at sustainable rates.

Taken in total, equities facing a tough battle in February. It is my hope that this additional pressure will reveal more trade setups for my models.

At the end of January and the year-end review, we noted that the macro conditions called for the increased volatility in the major averages from one side to lower prices during February. This was the case in the first week of the month as the VIX rushed to fresh 2010 highs and the S & P to new 2010 lows. This situation resulted in many opportunities for our systems earlier this month. The volatility vanished abruptly in mid-month in the back of the concentration of capital, which reduces our opportunities and we spent most of the last week of February in cash. Traders made several attempts to break the market later this month, but prices rallied to close the month. Monticello Equity Spreads

program reserved its most successful month since April 2009, the index recorded its Jefferson’s most successful month since December 2008 and its 12th consecutive month positive. (For detailed performance results, click here.) For the second consecutive month, both of our programs had almost identical performance, despite the substantial variation in trade throughout the month. That is unlikely to continue.

The macroeconomic environment has not improved since our last survey. The situation in Greece has taken a turn for the absurd, as it shows that use OTC derivatives to mask the depth of its deficit and debt. Greece and its euro area counterparts are still unable to solve their fiscal deficits because public sector unions to weaken the political will to cut the public channel. More than a default is imminent.

A similar situation debt continues to play in flooded several U.S. states. The state of Illinois is our home, is the favorite example. The State finally admitted that probably have a budget of one billion dollars, almost half of its core deficit budget for 2010-which is almost as much as California’s deficit, although Illinois has 1 / 3 of the population of the State Dorado. Politicians are talking about increasing revenues to meet the crisis, but even a 300% increase in state taxes do not fill the void (especially given the decline in income and employment in this recession). And, of course, to attack the sources of income only does nothing to correct the structural imbalances in the budget, unfunded pension liabilities and huge benefits to the health or general government waste. California, New York, New Jersey, Connecticut, North Carolina and Florida are not far behind. Without a federal bailout, Illinois must be in default before the end of the year.

We want to be clear on what the risk of the sovereign debt crisis means development. Like all recent economic data indicated the global recovery is smooth, even after billions of dollars were thrown into the financial system of central banks and governments. High levels of public debt have long recoveries by placing the burden of debt on future growth, but this environment is very different debt. Never before have so many rich countries led to such high levels of public debt. Whether Western governments in the reign of the expenses that keep us in a lengthy (but necessary) period of economic stagnation, or march forward by default, which brings in the second wave of global financial crisis. This is not a question of whether to us, but when. Living standards in the West have increased inflation in paper assets in the last 20 years, that “the juice” has to exit the market, living standards must return to the levels of income and real economic growth can resume

.

disconnect between U.S. prices stock market and the reality will continue in the short term. The S & P 500 has been delayed a little over 50% by 2010 high. The 1150 gun dealers in the S & P, pouring in populations of the early days of March. This upward trend should disappear by the end of the first week and the S & P is extended with destiny awaiting news (look for a smaller potential surprise in February nonfarm payroll number). Bernanke said the Fed is in no hurry to raise interest rates, it is to stop buying mortgage-backed securities in late March, which could test the banks. If past recessions are any indication shallow depth of this recession will be long record low interest rates for years, even in the face of a sovereign debt crisis. With the euro in crisis, the dollar will find support in the absence of an alternative currencies. Stocks remain cheap for cash, so the averages of the major, must meet until the crisis of sovereign debt market forces to test their 2010 lows.

We expect near term volatility to return to high levels in the coming weeks. This should provide our systems with many opportunities for trade in March.

John L. Roe | President | ROE Capital Management, Inc. | http://www.roecapital.com

Ranked as one of the top stock index CTAs in 2009 | To a Performance – http://www.roecapital.com/perform.asp |. For comments on the market – http://www. roecapital.com / newsleters.htm

HIGH

past is not necessarily indicative of future results. An investment with ROE Capital Management is speculative, involves a high degree of risk and is designed only for sophisticated investors who are able to withstand the loss of more of their entire investment. Read and review the disclosure document before seeking the services of ROE Capital Management.

Natural Gas Outlook 2010

The outlook for natural gas continues to be negative, as the fuel supply exceeding demand. This situation will remain in place throughout the 2009-2010 heating season, unless the U.S. experiences an extremely cold winter. The first, this situation will change during the 2010 – 2011 heating season, when the available supply may be lower. Until then, investors should tread carefully when considering the natural gas market.

Natural Gas

demand according to the Energy Information Agency (EIA) of natural gas outlook predicts decline in total consumption of natural gas decreased 1.3 percent in 2009 The consumption followed by an increase of 0.6 percent in 2010 (Total U.S. natural growth of gas consumption). Growth due to weather conditions associated with use in residential and commercial sectors in 2009 can not exceed the current economic weakness in the fields of industrial and electrical energy. in the industrial and electricity sectors is expected to decrease by 5.1 and 1.0 percent respectively in 2009. Consumption growth in 2010 remains largely dependent on the timing and pace of economic recovery. Based on assumptions, 2.2 percent growth in the electricity sector combined with a slight increase in residential and industrial sectors are all expected to contribute to the growth of consumption in 2010.

Included in the outlook for natural gas, prices could remain low in coming years as new plants open coal-fired electricity, reducing the total amount of natural gas for power generation. According to Jen Snyder of Wood Mackenzie, when these new plants come online, natural gas demand could rise considerably higher than the coal plants are retired and government policies show a greater preference for cleaner energy sources.

In his view, prices could even increase to per million British thermal units in the period 2013-2014, as producers are unable to keep up, before falling to the range of 0.50 after that period.

Winter weather is the main factor in the demand for natural gas. Cold winters lead to the use of more gas. Warmer winters reduce demand.

For example, Oceanic and Atmospheric Administration (NOAA) reported that there were 130 TDD, or total degree days (CDD 2 of them were, or cooling degree days) during the week ending November 28. This was 19% below normal levels and 29% below last year. The warm weather made the use of natural gas to be much lower than in previous years.

colder weather in December will increase demand. What is important to follow is that the cold weather will last and if temperatures are average, below average or above. Using NOAA weather factors and EIA historical withdrawal rates, Raymond James developed natural gas tables below show prospects that projected rates of withdrawal. If this prediction is correct, the U.S. will end up with more gas in storage still in earlier periods. If the winter of 2009 – 2010 colder than expected retirement rates will increase accordingly. The 2009-2010 outlook for natural gas withdrawals is much lower than average. Note that many producers have reduced or closed their production and gas storage areas were not available. This production can go online to help offset some of the abstinence rates.

Natural gas supply

According to the EIA, with gas in storage as the outlook for natural gas annual production in 2010 is expected to decline compared to 2009 in the Gulf of Federal and Baja Mexico-48 outside the Gulf of Mexico at 6.3 and 0.6 percent respectively.

For the week ending November 28, 2009, the EIA reported that natural gas in U.S. storage facilities increased by 2 million cubic feet. Working gas in storage now stands at 3.837 million cubic feet compared to 3.367 million cubic feet in storage last year. The surplus in storage and / and 404 million cubic feet increased by 66 million cubic feet to 470 million cubic feet.

The EIA publishes a weekly report on natural gas in storage. Working gas storage was 3.837 million cubic feet as of Friday, November 27, 2009, according to EIA estimates. This represents a net increase of 2 million cubic feet last week. The shares were 470 million cubic feet more than last year at this time and 487 billion cubic feet above the 5-year average of 3,350 million cubic feet. In the East Region, stocks were 168 billion cubic feet above the average of 5 years after the net withdrawals of 7 million cubic feet. The actions in the region were producing 243 million cubic feet above the 5-year average of 976 million cubic feet after a net injection of 8 million cubic feet. Stocks in the Western Region was 76 billion cubic feet above the 5-year average after a net addition of 1 million cubic feet. At 3.837 billion cubic feet of total working gas is above the historical range of 5 years.

As shown in the graph of the EIA work for underground storage of gas compared with the range of 5 years was well above the range.

Producers

, due to the voluntary inmates, delays in completion, and the pipeline / gathering constraints, have been reducing the supply for several months. Since storage capacity is at its highest point, injections of the past have been low. With gas prices in the area of ??0.00, we expect production to pick up, such as increasing abstinence rates. It is difficult to determine the quantity of production again, but will tend to offset the withdrawal rates.

Price

price decreases prior to Thanksgiving reflects the normal decrease in demand usually occurs during a holiday week. A decrease in industrial demand and softer than normal temperatures in parts of the country was also low price. According to Benteke Energy, LLC, total U.S. demand submerged during the Thanksgiving holiday and demand in all regions was lower than the previous week. Natural gas demand has been slow to recover, despite the appearance of a colder climate will encourage demand for heating, according to Benteke. The Henry Hub spot price is expected to average 0.01 per thousand cubic feet in 2009 and 0.93 per thousand cubic feet in 2010.

Contribute to the prospects of natural gas, the price disparity between oil and natural gas has increased, leading some to believe there is an upward pressure on natural gas. Part of the reason oil is experiencing a rise in prices is growing demand from emerging economies. While North America has an abundance of natural gas is difficult and expensive to export. Therefore, the gas market is held on the continent. The relative price of natural gas to oil is changing the dynamics of oil demand are changing. We should not depend on the relationship to boost gas prices in the future. The substitution of natural gas for oil requires substantial capital investment. Following government policy, the focus is to prevent natural gas as transport fuel and go directly to electricity. T. Boone Pickens plan to use natural gas, an intermediate fuel, while the infrastructure for electricity use has been implemented is not working as expected in the long term.

Shorter, the following is a possible scenario for the natural gas outlook for next year or two. The large increase has been proven reserves of shale gas with hydraulic fracturing and horizontal drilling. The natural gas produced from shale can lose up to 50% of its production rate in a year. To maintain the same level of natural gas producers are drilling more wells than other formations. With high storage levels, farmers have reduced their drilling programs. As a result, experience lower production in the coming year. This means that lower production in the spring and summer of 2010. If companies do not pick up their holes in the middle of 2010, the available supply will not connect to the storage recharge. this could lead to an increase in prices as supply falls short of previous levels, ie, the first natural gas prices can make a return is late 2010.

Until then, natural gas prices will remain under pressure as supply exceeds demand. Therefore, investing in natural gas ETF (UNG) will not be viable until next summer as soon as investors start to realize that the offer did not reach 2009 levels.

Apple Inc., an analysis of December 2010 file? Buy a basket of shares of Apple

“A diet is a short period of starvation before a gain of 5 pounds” – from “The Best of Good Clean Jokes” by Bob Phillips

Apple bassist Inc. brokers were disappointed by the report of the third quarter 2010 earnings from Apple. They claim that Apple has gotten too big. No significant new revenue streams. IPhone sales are down. IPad sales were not as good as could be. IPod sales were off. The competitors are jumping everywhere in every product. Apple is going to languish because of this. Finally, as evidence they cite two quarters of the reduction in income. Indeed, there are at least some truth in all these points. However, Apple is preparing to put some significant weight in terms of benefits. This is an opportune time to buy Apple shares, as we shall see.

First, I will share an important point of bullish investment philosophy. Bears often seek perfection. If there are significant challenges to a corporation or company, and there is no immediate solution expected, then expect failure. bears usually lose the point that there is no human organization is the corporations always perfect. and companies will always have problems. The best corporations and companies know how to handle the challenges and success anyway. I think this is especially true of Apple Inc.

Apples

Revenue History First let’s take a look at Apple’s revenues for the last three years -. not only in recent quarters three

First let’s note that in the third quarter of 2008 Apple’s total revenue was 0.561 million dollars. In the third quarter of 2010, Apple’s revenues were $ 0.7 million to its revenues have doubled in the space of two years is a feat that few companies can match the size of Apple -… Although most companies do a lot

Now let’s look at the graph of some patterns. Notice how Apple has a revenue pop, either in the fourth quarter and first quarter of each year. This makes perfect sense because the buying patterns of the U.S. Christmas holiday and students buy school computers. Apple is not alone in this. Statistically, for many, many years, the fourth quarter is the best quarter of the average public corporation. A drop in revenue for the first quarter to second quarter and then with the third quarter is quite normal.

But wait, the third quarter of 2010 was actually slightly higher than the first quarter – $ 0.7 million compared to 0.683 million dollars This is what Apple had a significant fantastic third quarter when compared to .. another third had prior quarters Finally, note the general upward trend in income figure incomes course varies from quarter to quarter and that it is normal business revenues do not rise straight -… even for Apple, but when you draw a line through the average income, revenue trends are very exciting.

Imagine what the fourth quarter and first quarter of 2011 will be for Apple after the holiday season. Statistically significant longer shopping the weekend after Thanksgiving 2010. Retail sales are much higher for 2010 than they were. In 2009, Apple is selling very desirable consumer products Apple will have a substantial amount of money for holiday shopping and after a record total revenues in this period revenues -.. billion would be consistent with the average trend for the first quarter of 2011 can. even dare to dream of one billion or more! A savvy investor could buy Apple now, before the fourth quarter of 2010 and 2011 in the first quarter total revenues are out. This makes Apple a great short term play value for the next two quarters.

Sales Unit iPhone

A more likely explanation of the downward trend in the iPhone was a rumor that the new iPhone 4 iPhone cannibalizing sales of 3 and a serious difficulty to keep pace with manufacturing supply. This was combined with the typical seasonal consumer demand lower in the third quarter. Moreover, Apple had to delay the launch of the white iPhone 4. For a while, Apple did clients wait three weeks before receiving a phone. It is very likely that Apple’s internal estimate unit sales was too low. Its manufacturing supply chain was not prepared to meet demand.

Drawing

of the lesson learned in the graph of total revenues, we can reach an optimistic conclusion on sales of the iPhone. Since the third quarter of 2010 the figures were comparable to the first and second quarters, which can rightly argue that iPhone sales are really high season and this is a good omen for the next two quarters.

There is more to the profitability of the iPhone that iPhone sales only themselves. Apple does a significant amount of money on software applications and entertainment media such as music that is downloaded to the iPhone. benefits from the iPhone so they are not a one time event but recur over the life of the product. For example, Apple’s music sales in the second quarter of 2010, was nearly one billion. This is a significant part of the income of the company. Apple also makes money on advertising on the iPhone and the sale of software applications.

even more in the history of the iPhone. Shaw Wu of Kaufman Brothers respected, expects 62 million iPhone sales in 2011. 8,000,000 to 12,000,000 new units will come from the new iPhone for Verizon cell phone network capable. This alone should add 5% to 10% to Apple’s earnings per share. He will write that he did not see the BlackBerry 6, available at Verizon’s network, such as eating significantly in sales of the iPhone.

Apple will continue to have AT & T as your provider, and Verizon. Expansion of the Verizon network could not come at a more appropriate time. Recently, Consumer Reports magazine said cellular network AT & T phone is the worst value mobile phone network for customer satisfaction. No doubt, many consumers have been waiting to buy iPhones until they were available in another cellular network. This should also boost iPhone sales significantly.

What about competition

iPhone? Analyst writing for The Wall Street Journal, says that Apple is fully aware of the competition from handset makers, such as Google Android. They conclude that Apple will create a new smaller iPhone screen to capture the low end of the market and Apple is likely to put iPhone features on the iPad. In fact, the iPhone already has AT & 3G network of T technology. This larger screen iPad / iPhone will become the upper end of the line.

Although these rumors are unfounded by Apple, you can bet that Apple is working very hard to innovate new features on the iPhone and they will not wait for competition to develop new features first . Apple has a history of developing innovative and high quality products that exceed consumer expectations. It is true that the iPhone will continue this tradition of innovation. Apple is one year ahead of any other competitor in the smart phone market. Most analysts agree that Apple should keep its lead until 2011.

iPad

To make sure that the iPhone is one of the most successful new products in years. Apple initially planned to build 7.1 million units by 2010. This is according to analysts iSuppli. ISuppli analyst is a respected technology companies. Now, iSuppli believes that Apple iPad production to 12.9 million by 2010, 36.5 million units by 2011 and 50.4 million units in 2012 is a phenomenal growth for a new product This is especially exciting when you realize the state of Apple executives will be more money on the iPad by selling advertising space, applications, music .. <-! NextPage -> and video media, then the units themselves.

iSuppli projects sales based on increased production of NAND memory chips used by the iPhone and iPad sized LCDs. They will say that Apple plans on adding new features to the iPhone as a camera and large screen sizes. Apple is currently state that 84% of the tablet market and they expect Apple to maintain this market share until 2011.

0 assume a cost for the sale iPad typical profit margin of 21.5% which is typical of Apple. Only iPad sales alone, which represents about $ 0.4 million in additional earnings from Apple in 2011. Remember that this does not even include the sales of software and media! Check out the plots of gross income above and now tells me that they are unhappy. Only sales of the iPhone alone, Apple can continue revenue growth trend line for 2011

Other points and conclusion

iPhones and iPads addition, Apple has a complete line of PCs, laptops and increasingly popular iPod music. Gartner, a company of highly regarded market forecast predicts that PC sales continue to rise in 2011 compared to 2010. This is consistent with other economic forecasts. The consensus of economic forecasts for 2011 is that the U.S. GDP to grow 3.3% annually. This compares with the projected 2010 growth of 2.5%. Apple has been selling well, even in a challenging 2010 economy. Just picture what Apple will do when the economy returns closer to normal.

With the success of Apple, Apple has a very small debt. Value Line rates their finances as A + +. They sit in a cash reserve of billions of dollars. They have so much cash in the fact that sound crazy rumors are circulating. The Wall Street Journal reported that Apple is contemplating a large purchase at some point during the next year. It is speculated that Apple could buy Adobe, Disney and Sony, even. The last two options to do a lot of sense because it gives you access to Apple’s music and video media. Who knows what Apple is finally going to do with your money spoils of war. However, Apple will probably do some very daring in the course of 2011. This will add more excitement to their actions in the price appreciation.

Apple has just arrived at week 52 high at more than 0 to share in the December 6, 2010. I have had many investors ask me, is not the Apple share price too high? Yes, I admit that the stock price is daunting. However, most brokerage firms do not charge extra for the purchase of small peaks of Apple shares. What’s more important to the investment value is what is the price of Apple’s profits. Apple PE was 21.13 behind the December 6, 2010. Given the explosive growth of Apple and the fact that the PE data looks back in time from six months to a year, Apple is a very reasonable price. For comparison on the same date, Apple’s PE was lower than Google! From that point of view, Apple is a better buy.

price of Apple stock has grown 65% year after year. Only the iPad and iPhone sales alone will make incredible profits to Apple in 2011. Throw in other Apple computers, laptops, the new operating system, software applications for mobile entertainment media, which are set to achieve record growth again for 2011. Bring a healthy U.S. economy by 2011 and this turbo charged Apple gains. In addition, due to the recent calm Apple’s stock price, which offer a good value set for the next two quarters as well.

Prediction

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“If you’re a good guess, you should be able to tell me the result of the hockey game tonight before the start! ”

“Before the game, the score will be nothing to nothing!” “- From” The best of good clean jokes “by Bob Phillips