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This document outlines the agenda and highlights from the General Meeting held on October 4, 2011. Key topics included auditing speeches, a market overview focusing on U.S. and global trends, and a discussion on GDP components. Notable insights from Warren Buffet regarding economic recovery were shared. Additionally, the membership voting process and dues payment options were covered, along with announcements of the upcoming stock pitch competition scheduled for October 22. Active members are encouraged to participate and contribute.
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General Meeting #5 October 4, 2011
Agenda • Auditing Speeches • Question of the Day • Market Overview • Dissecting GDP • Team Stock Pitch • Membership Voting • Announcements
Auditing Elections • Alex Midden • Vincent Nguyen • Tommy Pi • Andrew Templeton • Peggy Wang • Andrew Weissgarber • Vote for three.
Market Overview • U.S. Markets • “Recovery is close to faltering” • Inferred Fed could adopt additional stimulus • Don’t cut spending sharply while economy is weak • Working to provide loan rates for refinancing, but banks aren’t lending • May lower rate on bank reserves • Bernanke News
Warren Buffet’s Take "I would bet very heavily against that. How fast the recovery will come, I don't know. I see nothing that indicates any kind of a double dip."
Berkshire Berkshire Hathaway’s Annual Returns
Portfolio Overview • BAC Slips on Debit Card Fees, KSS adds 40k assoc’s.
Portfolio Overview • Overview vs. S&P 500
GDP • Factors: • Consumption • Investment • Government Spending • Exports / Imports • Value of all goods and services produced within a country • Contrasts with GNP, which measures productivity of residents • Consumption often the focus of media studies • Gross Domestic Product
Membership Voting • Is this stock investment grade?
Membership Dues • Active Members must pay dues • $40 per semester or $60 per academic year • Payment Methods: • Online via website: http://usiteam.org/ • Navigate to Membership and select “Pay Dues” • In person by cash, check, or credit card (see Mark)
Stock Pitch Competition • CORRECTED DATE: Saturday, October 22nd • 10:30a-6:00p, SAC Legislative Assembly • Awards: • 1st Place Overall • 2nd Place Overall • Best Underclassmen Team • Registration commences online Friday!