No Agenda Gathering - 28th March 2008, 9.30pm

After a successful NAG session last thursday at Lau Pa Sat, I would like to invite you to NAG NAG NAG this coming friday @ 9.30pm to experience the power of NAG!

'NAG' essentially means No Agenda Gathering and aims to bring more people and this time round will be Supper! With a feasting session held regularly, we encourage people to bring their friends and collectively build up a sizeable support group of friends whom you and me can trust.

As it will be a feasting session with NO AGENDA, feel free free to eat whatever you want at National Library Han's (yup, the one at Bugis) and interact with anyone without any fear of been prospected for any form of selling.

Who should attend and NAG NAG NAG?

Anyone looking widen their social circle and expand their network of friends.

Singles looking for prospective life partners! (Don't nag in front of them!)

Anyone without ANY Agenda but just wanna talk!
Friday nothing to do so far... (or maybe you're sick of your existing circle of friends...)

Date: 28th March 2007 (Friday)
Time: 9.30pm, it's ok to be late and don't worry, you still get to NAG.
Venue: National Library Han's (at Bugis, beside Bras Basah)

Come and join in the fun! Eat and talk and NAG NAG NAG.

End of NAG....

FOMC 0.75% Rate Cut

Federal Reserve cut interest rates by 0.75%, delivering less than the markets hoped for despite the magnitude of the move.

The Fed's policy-making Federal Open Market Committee (FOMC) cut its short-term interest rate target to 2.25% from 3% - the most rapid pace of easing in years.

But it was less than the full percentage point investors had come to expect after the Fed's dramatic intervention to prevent Bear Stearns (BSC) over the weekend signaled a heightened degree of concern that the severe credit crunch had put the stability of the financial system at risk. (BSC dropped from last Thursday $57 to Monday's lowest $2.80!!)


What do all things mean to the mighty Dollar?
In recent months, the dollar had fallen as foreign investors questioned the Fed's willingness to act against inflation, and investors seeking a hedge against both inflation and a weaker dollar had put money into commodities.

The Fed also on Tuesday lowered the discount rate it charges banks and brokers that borrow directly from the Fed by 0.75 percentage point to 2.5%, leaving the spread over fed funds at a quarter point.

But as the financial market crisis worsened last week and economic data disappointed, investors steadily upped their rate-cut forecasts to as high as 0.75 percentage point by the end of last week.

And after the Fed on Sunday lowered the discount rate by one-quarter point, extended $30 billion in financing to JP Morgan Chase (JPM) to complete its takeover of Bear Stearns and announced new liquidity measures on top of others that could pump hundreds of billions of dollars into credit markets, many economists concluded that anything less than 100 basis points would disappoint markets and threaten a renewed downward spiral.

The smaller-than-expected rate cut may also signal that officials are growing uneasy about the U.S. dollar's decline against other major currencies, which has pushed up prices of commodities like oil that are priced in dollars.

A 0.75-percentage-point cut signals "that the Fed does not harbor benign neglect toward the dollar, as has been the impression of late," said Miller Tabak strategist Tony Crescenzi in a research note before the Fed announcement.

---
Adopted from WSJ Online


p/s: At the time of press, GBP/USD is 2.0151/2.0155 and Dow Jones is up 315 points at 12,287.

Come and NAG together - 20th March 2008

'NAG' essentially means No Agenda Gathering and aims to gather people coming together to foster fellowship. With a feasting session held regularly, we encourage people to bring their friends and collectively build up a sizeable support group of friends whom you and me can trust.

As it will be a feasting session with NO AGENDA, feel free free to eat whatever you like at Lau Pa Sat and interact with anyone without any fear of been prospected for any form of selling.

Forget about your daily work or business and you can really NAG in front of everyone (as long you like it and the person is willing to listen to you NAGGING!). This is definitely one good occasion to network with people and get to know more people...



Who should attend and NAG NAG NAG?
Anyone looking widen their social circle and expand their network of friends.
Singles looking for prospective life partners! (Don't nag in front of them!)
Anyone without ANY Agenda but just wanna talk!

Date: 20th March 2007 (Thursday)
Time: 7.30pm, you can be late and don't worry, you still get to NAG.
Venue: Lau Pa Sat, in front of Satay stall no. 5


Come and join in the fun! Eat and talk and NAG NAG NAG.


End of NAG....

Serious Masterminding Session - 10 March 2008

Octagon is organising the 2nd SERIOUS MASTERINDING SESSION. Anyone from the Money Mastery community are all welcome.

Once again, this is for SERIOUS people who will really want to plan and take actions immediately within 48 hours after the session.