– Most Asian stocks traded higher Monday following the results of this weekend’s Japanese elections, but stocks there and in China were among the region’s laggards.
In Asian trading Monday, Japan’s Nikkei 225 fell 0. 11% after Japanese Prime Minister Shinzo Abe’s Liberal Democratic Party scored, as expected an easy victory in the weekend’s elections that decided control of Japan’s upper house of parliament.
Media reports said Abe’s LDP and its partner, the New Komeito party, had won at least 74 of the 121 seats up for grabs in the 242-seat upper house, according to Reuters. It marks the first time since 2007 that Japan will operate without a split parliament. Jefferies raised its year-end target on the Nikkei to 15,500, roughly 1,000 points above current levels.
Hong Kong’s Hang Seng inched down 0. 02% while the Shanghai Composite fell 0. 14% after Chinese policymakers put a floor on lending rates there, but limits on mortgage rates will remain in place in an effort to cool real estate speculation. The Shanghai Composite is off 13% year-to-date, making it one of Asia’s worst-performing major indices.
Australia’s SP/ASX 200 rose 1% after China’s central bank said on Friday that it was removing the lower limit on interest rates for banks, in an effort to help lenders attract more borrowers and spur economic activity.
Still, China, the world’s second-largest economy, is seeing slowing economic growth and that could factor in the equation for long-term bullishness for the Aussie because China is Australia’s largest trading partner.
New Zealand’s NZSE added 0. 26% while Singapore’s Straits Times Index climbed 0. 59%.
South Korea’s Kospi jumped 0. 69% even after the won and South Korean bonds gained following the end of the G-20 meeting. Like Australia and New Zealand, South Korea counts China as its largest export market.
SP 500 futures rose 0. 10%. The benchmark U. S. index added 0. 16% last Friday to close at another record – offers an extensive set of professional tools for the Forex, Commodities, Futures and the Stock Market including real-time data streaming, a comprehensive economic calendar, as well as financial news and technical & fundamental analysis by in-house experts.

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7-21-13 AZhombre: 3 Basic Currency Exchange Choices, It’s a Free Country, It’s Your Choice!
We are constantly being reminded to have a “plan” for our pending RV. Obviously you don’t want to wait until you are sitting in front of your private banker to begin planning for your currency exchange. We’re in a “catch 22”. We don’t know the details of our pending cash-in/exchange process, so many are asking a lot of questions on the Dinar sites. People are seeking additional knowledge in order to feel comfortable enough to make a decision. Many are fearful because things are not clear.
Anyone who has experience in sales knows that “confusion” always results in “indecision”. Too many choices will drive a buyer away! That is why many continually ask “the same questions”. Rather than criticize those with questions, let’s simply try and help them understand. And let’s remember the landscape in “Dinarville” is constantly changing. It wasn’t that long ago when we were told to never use the term “cash in”, which had been used for years, but instead use “exchange”. The reason cited was to avoid taxes! Hmmmmm.
What are our basic options?
This is like the TV show “The Price Is Right”, with Bob Barker. Unfortunately, just like the guy with prostate cancer who is given “alternatives” to his problem, there is no “perfect” door.
Door #1: Comparison Shopping.
Check out the Banks and currency exchange centers. If you want all your questions answered before going to your appointment with WF (the group deal), and want to do some “comparison shopping”, or you want the oil credits to stay in the USA and not go to China, or you are interested in forming a group and “negotiating” for your own group deal, then perhaps you should consider this route. If you decide to compare, use caution, just in case the warnings we’ve been hearing from the “bank negotiators” are true! Check out everything the big banks (JP Morgan/Chase, Citi Bank, Bank of America/Merrill Lynch) will offer you.
Check out the “private banker” web sites to learn what you are entitled to as a wealthy investor. Don’t be afraid to “park” some of your new “cash in” funds in your local credit union and or smaller regional banks, as long as they are stable. They can be great resources. Be up front with your private banker and let them know you are “shopping”. Ask questions about Rates, Restrictions, Perks, Taxes, etc. Ask them what they would ask you if they were in your shoes. Ask them what they can do for you. If you have several million, you could even let them know you have X amount of $to deposit, and 20% is going to 5 different organizations that could include them. After 18 months, the organization with the best performance could receive the majority of all the funds to work with.
Since you’re taking the private banker’s time, don’t be afraid to open an account with them if you don’t already have one. You can always use that account in the future even if the majority of your funds are not deposited there. For example it could be used as your “vacation” fund account. Have an adult family member or trusted friend help you cash-in a low denomination note resulting in less than $10k just in case the “FINCEN & NSA scare” reports are true. You can use the acquired money to prepare for your exchange (securing professional help of CPA’s, trust attorneys, etc. , that may need to be set up before cashing in your “mother-lode”anyway).
Now that you finally have some confidence because you have (a) some money in your pocket, (b) “knowledge” in your brain, and (c) a happy heart, if you have layaways and/or reserves, you better not forget to open another door… (yeah, I know you couldn’t do that in the Price Is Right, haha).
Door #2: The Dealers.
After visiting with them, depending upon when your layaways and/or reserves are due, you could pay them off and receive the IQD currency to exchange at the bank of your choice, or go ahead and exchange with the dealer(s). Should the rate increase in value, you have the flexibility of locking and canceling in your “sale” rates over your computer as you watch it daily!
Door #3: Group deal at Wells Fargo Bank.
With the help of the “negotiators” -and I’m not talking about William Shatner as the Priceline Negotiator- this is perfect for the faint of heart. All has been worked out in advance for you. Please remember in all cases the people you are talking with are paid by their , or this “Dinar” Breakout: of WF bank as a local merchant or car dealer that advertises “after you have done your comparison shopping come to us and we will beat any offer you have. ” Because the proponents of this option discourage “comparison shopping”, many peeps also view this option as “The Wizard of Oz” no attention to that man behind the curtain”. Obviously if you do not want to compare options, or negotiate rates, then call the 800# – 888# when it finally arrives, set your appointment, follow their directions, and enjoy your new found wealth.
Isn’t it great we live in a country where we have freedom of choice? Unfortunately we have seen very little “constancy amid change” in our journey, with the exception of the RV/RI not happening when so many thought it would. Hopefully this time it will, and soon, like any second now! …5…4…3…2…1…