If you are reading this article because you think I have come up with the ultimate solution to our current global financial crisis, then I am really sorry to disappoint you. I have no idea, only time will tell us the right solution. In this article I am going to explore the current proposals and some of the ideas that have been put about and just cast my humble opinion upon them, so I hope you find it useful nonetheless.

If you did not already know, though I cant think how you could not possibly be aware, the world is in the grips of a global financial crisis of proportions that we have never seen before. Now I can hear some of you saying what about the great crash of 1929? Well yes I am not trying to trivialise that, it was indeed a large issue at the time, but today money is just, well, greater. The sums we are dealing with today can be measured in the hundreds of billions in some cases trillions.

So what is it all about and how did it happen? It is basically about liquidity. By liquidity I mean money in the markets. Money to the economy is like oil to an engine, no money, and the engine will seize and seize it has. Basically lenders globally have been lending money to customers, now I am sure you will have heard the saying a business either grows or it dies well in order for lenders to grow they have to continually lend more and more money. So what happens when all the good clients out there have all the money they want? Well then the lenders lower their standards and then they can lend to more people. The problem is once one lender does this they all have to start or be left behind by the others. Competition dictates that all the lenders then have to start lowering their standards in order to stay in the race.

So how has this caused the problem? The problem with lowering your standards especially to borrowers is you expose yourself as a lender to more risk. There is a reason why some customers can’t or shouldn’t get credit; it is because they might not pay it back. Now normally this is an acceptable risk for lenders to have some borrowers who may not pay their debt back. The problem is over the last decade lenders have lent way too much money to these people and as such they are unable to recover that money back from them.

The result of this is initially other lenders start to lose confidence in them and refuse to lend them money. Now a lender that can’t borrow money itself is useless it is like a bar unable to buy beer for the pumps eventually the customers will leave. A lot of lenders such as banks and building societies also have depositors. People deposit money and in return they receive interest. However the lender uses that money and lends it out to borrowers, the problem is once the lender starts to get into trouble because they are unable to borrow money themselves the depositors also start to lose confidence and they want their money back. This results in a catastrophic failure of the bank itself. If it does get itself into this situation, the stock market starts to get twitchy and they start selling stock in the bank and then the value falls to, again causing a catastrophic situation.

So now that is all clear, what is being proposed?

First a handful of major countries such as the USA the UK and Ireland have started guaranteeing the depositors money with Tax Payers money. This in principle is a very good idea, because a lot of the time it is pure lack of confidence in a bank or institution that can bring on its downfall and as a consequence there may be no substantive reason for its failure at all. Restoring confidence in people’s savings will as a result make them leave their money there and therefore not undermine the banks assets.

Secondly the US and the UK have both proposed major bailout packages the complexities of which I will not be going into here in this article but suffice it to say they are essentially buying into these large financial institutions with large sums of tax payers’ money. Will it work? I don’t know as I said earlier time will decide if any of the ideas are good ones. That said it really does depend on whether the institutions start lending to each other again because the kind of liquidity drought that we are all currently experiencing is dragging the world into what could be the biggest recession we have ever seen.

One thing I can say is we all need to radically change the way the banking system works. I don’t dispute there is a lot of regulation, hey as an independent financial advisor I am subject to it on a daily basis. My concern is I don’t know whether the large financial institutions are actually regulated in the right way. I don’t think anyone has ever turned round to a lender and stipulated what their minimum lending requirements should be, maybe because this would be considered restrictive practice, but lets think for a second if lenders weren’t allowed to lend to such bad risk clients we probably would not have seen the sort of economical growth we have seen over the last ten years and we definitely would not have seen the house price rises we have seen over that same period but the million dollar question is …. Would we be in this mess now? I honestly don’t think so!

Stock markets moved lower on Friday around the world, as investors are liquidating risky positions, mounting evidence of global recession.

U.S stock indexes fell 4 percent, European stocks fell 6.5 percent and Japan’s Nikkei plunged 9.6 percent.

Oil moved lower as well to $63 per barrel while commodities copper to zinc, sugar and coffee were battered by sharp selling.

The gloomy outlook convinced investors that economy is headed for a severe recession despite government efforts to help financial system. Investors have been saying that we are in recession and this is time to realize that we are in recession right now.

With more fear on Wall Street, Hedge Funds have been pulling their portfolios out of the market and reducing risk and rise cash, a process known as deleveraging that only intensifies the selling.

A small comfort came from The National Association of Realtors which said that sales of existing homes rose by 5.5 percent in September compared to August. The median sales price has dropped to $191,600, down by 9 percent from a year ago.

A huge decline in margin calls occurred and everyone from investors, mutual funds and hedge funds are cashing out. A margin call occurs when a broker tells an investor to deposit more money into his account because the securities he bough with borrowed money fell sharply to a certain point. When that happens, investors need to raise cash with most likely selling stocks to get cash.

Fear on Wall Street proves that we are oversold. There is an endless supply of things out there regardless of price. There are signs that credit market is improving, but more slowly than anyone can expect. The rate on three-month loans in dollars, known as the London Interbank Offered Rate, or Libor, fell to 3.52 percent from 3.54 percent on Thursday.

The mortgage rates have moved lower proved that government was on the right track to fix financial sector. The yield on the benchmark 10-year Treasury note fell to 3.64 from 3.66 percent late Thursday.

The deep gloom over global economy is putting economies and currencies under extreme pressure. Investors are pulling money out of countries in Eastern Europe, Latin America and Asia.

A fear if unknown in driving market into volatile negative territory. Once the hedge fund situation unwinds, we will have a better picture how deep the recession will be.

A huge selloff on Friday led global markets send indexes to their lowest levels in more than fie years with believe that economy is near recession. Trading was dramatic as Dow Jones industrial fell more 500 point in early trading, before ending the day with 300 point loss.

It is becoming more and more clear that economy is headed for recession even though government is trying to revive credit markets by bailout packages in hopes that lending institutions will return to normal banking operations.

On Wednesday Fed is expected to cut the key federal funds rate another half point, to one percent. Then on Thursday, GDP data for the third quarter is expected to show the US economy contracted for the first time in seven years. These two events will determine if we are in recession or not. As of right now markets are already factoring these two events.

Even though Fed has lowered key interest rate to 1 percent before, it may be the first time for Fed to take it even lower. Fed may not have a choice but to cut. The problem may be beyond cutting rates as Fed. Chairman Ben Bernanke endorsed yet another fiscal stimulus plan Tuesday. There might be signals as Fed has done everything they could do.

Consumers are also staying away from major purchases, as if they do not need certain things, they can wait until later. However, not matter how market will continue moving, what Fed will do and what the next stimulus package will bring, consumers may not spend. The key point in consumption side is housing recovery, and consumers now know that market problems are becoming their problems as well.

Financial markets around the world expect central banks to slash rates. Central banks are pressing banks to start lending, and that is helping a little.

The U.S. government is injecting $7.7 billion to PNC Financial Services with buy out of the preferred shares. A list of about 20 banks to receive capital injections in the next round will be announced.

The injections are designed to boost banks to start lending again which have fallen sharply as the housing downturn and subprime mortgage crippled the market.

Treasury Department now aims at insurance companies and how it could help them under the $700 billion package. The bailout package was initially meant for financial institutions and restore credit markets, however; insurance companies may be the next problem for U.S. economy.

Just like previously when Fed injected cash to banks directly by buying their stocks, with insurance companies there is no federal regulator, but it is regulated by states, some companies may qualify for aid because their parent holding companies operate under a federal charter.

A wild ride on Wall Street pushed stocks lower during morning trading and finished trading with 100 point gain. Fears about economy were clearly seen as investors were in despair stage today.

Investors are ignoring good news and only focus on bad news. With concerns that economy is in recession or headed for one let investors hunt for bargains and quickly sell them off. Markets are currently oversold and should recover quickly and significantly, but until that happens markets will remain volatile as investors try to test whether the market has formed a bottom.

Many of the market short rallies have been buried right away by investors who are scarred that stocks may decline even further. The opportunity to cash out is prompting investors to sell.

Most companies who posted strong earnings had their shares enjoy mild rallies. A company like McDonald’s which beat analysts estimate had to watch its stock decline as their forecast predicts lower sales.

Fear buying is persisting on Wall Street, as bad earnings hammered stock performance and good news had little or no impact.

Goldman Sachs Group Inc. is preparing to cut 10 percent of its workforce, while Amazon.com Inc. lowered its revenue guidance for the year amid a weakening economy. Eli Lilly and Co. said it recorded a loss for the third quarter.

Investors are not willing to buy up stocks until they see improvement in the market. The mild volatility seen on Wall Street is result of liquidation at the end of the day or next day. Hedge Funds need to recover their profits before they fall even further and huge sell off sets in.

Taking out financial stocks, there are companies meeting or exceeding expectations but fear set in and investors sell.

The Labor Department reported Thursday that new applications for unemployment benefits rose 15,000 last week to a seasonally adjusted 478,000. Jobless claims above 400,000 are considered a sign of recession.

Good news also came form FDIC as U.S banking regulators are working to create a loan guarantee program that would help modify home loans.

Sheila Bair said in remarks to be delivered before the Senate Banking Committee that “Specifically, the government could establish standards for loan modifications and provide guarantees for loans meeting those standards,” She further explains “By doing so, unaffordable loans could be converted into loans that are sustainable over the long term.”

The $700 billion financial plan passed earlier this month gives U.S. Treasury the power to use loan guarantees to facilitate loan modifications.

The effects that started to collapse 15 months are now seen in businesses as job cuts are necessary to keep businesses in profits. Chrysler said it was closing one plant and eliminating shift in another plant resulting in 1,825 job cuts. Chrysler also said it was planning to make involuntary cuts in its salaried and contract workforce. While GM reported that will no longer contribute to 401K plans.

Is good news coming? Amid FDIC and their new plan may prevent more foreclosure and most savvy housing bargain hunters are slowly coming to hunt for those lowered priced jewels, market may be turning back.

One of the most important aspects of any pianist’s repertoire is the understanding of how to play chords. To play chords, you must learn some simple theory. To make it easier, you’ll mainly be playing the white keys.

Look at the white keys on the keyboard and find a C. If you don’t know how to find a C, then look at the sets of black keys. The black keys are grouped two ways: in a set of two or a set of three. Find a set of two black keys and move to the white key immediately to the left. This is a C. Now that you’ve found a C, learning how to play chords comes easy.

To begin learning how to play chords, start with the C chord. Hold the thumb of your right hand on C. Now skip the next white key and put your middle finger on the white key after that. This is an E. Holding those two fingers in place, skip the next white key and play the white key after that with your pinky. This is G. Play all three of these notes at the same time and you’ll have created a C chord. Learning how to play chords is that simple.

By holding your hand in this position and moving it up and down the white keys, you’ll be able to play chords in the key of C. Just remember the basic pattern: play a white key, skip one, play the next, skip, and play the next key. Move to the right with your fingers in this shape and you’ll be playing D minor, E minor, F, G, A minor and B diminished. A whole world of chord progressions is already at your fingertips. Play chords and hear the differences in each. You may even start to hear songs that you know and love by playing chords in this key.

Another way to learn how to play chords is to number the keys. Starting at C, number the white keys up to seven. C is one, D is two, E is three, etc. When you reach the number seven, start over at one. Now that you have each white key numbered, you understand the relationship between each note. A C chord is numbered 1-3-5. These are called the chord tones. A Cmaj7 is 1-3-5-7, while a C7 is 1-3-5-b7. The flat indicates a black key, at least when you’re playing in the key of C.

So you want to learn electric guitar? Having good skills with your “axe” is a really worthwhile investment of practice time. By learning the electric guitar you will be able to play in jams with people, write your own music and eventually start gigging. One of the best ways to start to learning electric guitar is by grabbing one of the many courses that provide electric guitar lessons online.

So when you are new to the instrument, how do you know which guitar lessons to start with? There are now many electric guitar courses available online and these courses provide one of the best ways to start. Unlike the books and DVDs that guitarists used to buy when I was first learning, the online guitar lessons now days give much more tools to learn the instruments, including written, audio and video lessons, backing tracks to start to jam with and software such as metronomes, beat makers, tuners and many other useful utilities.

The key to picking the right online electric guitar lessons is to match the right course to what you want out of the course. Some courses are ideal for beginners, giving a solid basis to the basics of the instrument and allowing you to fast track some nice sounds. Other courses may be specifically tailored to learning the blues. Blues guitar is in my opinion an essential style and provides a good base for learning other popular music styles. Yet other courses are more designed to take you from a stage of having some basic skills to a more intermediate or advanced level.

A coach and singing lessons through a learning to sing better software, is that possible? Though some have never heard of such a product, they are on the market and perfecting voices everywhere. There are many variables to the voice, sounds, rhythms and control that come from singing. This is the reason that there are some people that appear to be naturals and others that claim not to be able to carry a tune in a bucket. Fortunately for everyone, voice software can not only increase a person’s ability to sing, but also perform, control the range and sounds of the voice.

Now some may ask how learning to sign software really works and how it can help. The question is a legitimate one and is simple. Instead of a person reporting to a music studio or office to take voice lessons, they enjoy the software from the comfort of their home. They are coached by some of the best in the business and work at their own pace. There is nothing that can be practiced in the studio that can not be done any where in the world, as long as the person has the knowledge. There are many voice techniques, exercises and physical changes that an individual can make to help them sing better. Learning is the key to a better voice and the ability to sing.

Learning to sing better is simply a process of finding the best singing software, learning and practicing. Singers are not made over night; it takes years of practice, control and patience to perfect a voice. In fact most professionals will readily admit that their voice is not perfected, it is instead a work in progress.