Monday, December 04, 2006

Huge numbers .....

Capital markets in the United States have $375 trillion in derivatives whose trading volume is half a quadrillion dollars per quarter. How’s that for madness?

Sanity in our markets is history. By way of comparison, US annual GDP is $12 trillion. In our markets 90% of NYSE trades are black box trades, not Mom and Pop in Mandaree loading up on Exxon and McDonalds. We have offshoring and outsourcing under the title of free trade and globalization dampening our economy. GM and Ford are on the edge of bankruptcy. Ford is shutting 15 plants and laying off another 45,000 workers making $31.64 an hour who will now make $10.00-$12.00 an hour if they can find work.

Big, real big numbers. And bigger questions.

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Native American Advisors CHIPPEWA PARTNERS

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CHIPPEWA PARTNERS, Native American Advisors, Inc. is a Registered Investment Advisor, founded by Dean Thomas Parisian in 1995. The firm is a manager to an exclusive clientele and is closed to new clients. As a Registered Investment Advisor, our expertise developed over 35 years balances experience, integrity and tremendous work ethic. Dean Parisian is a member at the White Earth Reservation of the Minnesota Chippewa Tribe, a former NYSE and FINRA arbitrator and trader who began his career with Kidder Peabody and later worked for Drexel Burnham Lambert in LaJolla, CA. His philanthropic interest is in Native American education and he's endowed a significant scholarship for Native Americans at the University of Minnesota. His greatest accomplishment includes raising two sons and 26 years of marriage. The Parisian family enjoys outdoor pursuits at Pamelot, their farm in Tennessee and at the Ghost Ranch, their ranch on the Yellowstone River in Montana. For media requests contact the firm via email: ChippewaPartners (at) gmail dot com, on Twitter: @DeanParisian. Global 404-202-8173