Adeyemi, a middle income worker is not finding it funny with his wife who believes he should be able to spend huge cash this Christmas like his mates.

She has refused to see any reason why the family should manage things this period while others have a lot of cash to throw around, buy new clothes and take their families on trips.

His explanation that there is not enough money to throw around as she would want has fallen on deaf ears and has even suggested to her man that he should borrow money to be able to give her and their two kids the best of time.

On Morning Teaser today, we ask: would you encourage your spouse to borrow money to celebrate Christmas?

Montana Republicans will hit the ground running next week when the 2015 Legislature convenes in Helena, and while they agree with the states Democratic governor on several points, the similarities quickly diverge.

Incoming House Speaker Austin Knudsen, R-Culbertson, touched on his party's goals for the session during a meeting with the Missoulians editorial board Monday.

Helping communities impacted by the oil boom in eastern Montana topped his list, along with funding charter schools and extending tax relief to working Montanans.

"Depending on whose estimates you're using, we're looking at a budget surplus of over $350 million," Knudsen said. "That's not money the state made. It didn't come from our investments. That came from the taxpayers."

Knudsen said his caucus would like to see income taxes lowered in place of a one-time tax rebate, such as the $400 refund given to taxpayers in 2007. Knudsen called such refunds a gimmick that do little to stimulate the economy over time.

Looking for long-term economic gain, Knudsen said his caucus will also seek to expand resource extraction across the state. Oil and gas development in eastern Montana is creating new jobs and new wealth, he said, and coal and timber could do the same for other regions.

"Creating long-term new wealth has got to come from the ground up," he said. "We know how to do that in Montana, and we have the resources to do it. We've got to get some of the agencies out of the way, pull them back a little bit, and speed up the permitting process."

Gov. Steve Bullock's budget includes roughly $307 million to improve the state's aging infrastructure, including $45 million for eastern Montana oil-boom towns. Knudsen said his caucus also looks to invest in infrastructure, but wants more money for eastern Montana.

Knudsen, who grew up in eastern Montana and will begin his third legislative session, said the city of Sidney could spend $50 million a year on projects it has already initiated. Overall, he said, eastern Montana communities are seeking $90 million to keep pace with growth driven by the Bakken boom.

"We have to talk infrastructure in eastern Montana," Knudsen said. "The oil field has done amazing things for the state, but it's also done amazing things to the communities of eastern Montana that don't have the revenue stream to keep up with the impacts."

Bullock is proposing a blend of cash and bonds to tackle infrastructure projects across the state. With interest rates low and the state in strong fiscal standing, the governor believes now is a good time to borrow money.

But Knudsen said borrowing is going to be a tough sell for his party. He'd like to pay for the projects with cash, and while he's looking to fund the needs in eastern Montana, he doesn't believe the issue should pit east versus west.

"I think most legislators know what's going on out there now, and I don't think that divide is an issue any more," he said. "But when it comes time to actually appropriate the money, it might be a different story. It might be hard for a legislator from Missoula to spend money in Sidney when they'd like to see some spending out here as well."


Knudsen said his caucus also differs with the governor on issues of education and health care. Bullock is proposing a freeze on college tuition, but Knudsen isn't sure where the money will come from.

Bullock also looks to invest $37 million in voluntary early childhood education programs. Knudsen said he and his caucus don't support the proposal, saying children don't benefit over time.

"I find very low support in the Republican caucus, and that cuts across conservative and moderate lines," he said. "I don't see it being worth the investment. You're not getting a better product in the end. This is one of the governor's agenda items that I don't see going anywhere."

Bullock also wants to expand Medicaid coverage to roughly 70,000 Montanans. Knudsen said a GOP committee has been studying its own plan, one it will unveil in the coming days.

"From 30,000 feet, Medicaid expansion is going to be a tough sell for the caucus and a tough sell for me personally," he said. "Able-bodied people should be able to go out and get a job."

Knudsen said his party also worries about the cost of expanding Medicaid. While money would come from the federal government initially, he said, the state could be left with the bill down the road.

"It would be a huge part of our state budget, and the question becomes, what do we cut to pay for that?" he said. "We're not looking at going to the session and saying no. We do recognize there are coverage gaps in the state and we want to help cover those."

Knudsen said his caucus may not support a local option sales tax, one Missoula Mayor John Engen - along with other city mayors - would like to see enacted.

Knudsen said taking back federal land in Montana also deserves a robust discussion. Opening federal forests to timber and mining could do for western Montana what the oil boom has done for the east, he said.

"Montana does a better job protecting and stewarding its resources than the federal government does, he said. It would be a discussion worth having how many resources that would open up to Montana to develop on its own property if that land wasn't federally owned."

There have been two sharp corrections and two violent rallies in the last three months. This is a warning to everyone that there are wild times ahead.

I have been caught flat footed twice. Funnily enough I've got it half right. I've called the corrections exactly but have been utterly surprised by the rallies.

There appears to be two forces at work. I'm in agreement with the bearish side of the mechanic: stocks are too expensive and US QE kicks a significant bullish driver away from their rise. However, I've been surprised by the bullish side.

What seems to be going on is that the Japan, Chinese and potential EU QE is gusting into the US and into stocks. It is a giant currency trade. It is kind of a carry trade but not the classical one of borrowing money at low interest and buying higher yield in another currency.

The trade is simple: No QE = dollar up. Everyone wants to be long dollar. US QE is over, so the dollar will get stronger as interest rates or implied interest rates are set or in fact do, rise.

The global QE is gearing up. Global currency depreciates in line with QE and the suppression of interest rates. Inevitably it's dollar up, yen down, euro down etc.

So you borrow money in your local currency or if you have a stack already, you buy US stocks knowing your currency will depreciate against your local currency while US stocks are likely at least to stay flat while the dollar rises.

So the end of QE unfolds thus: QE ends. OMG stocks are going to get busted because there is no more new US money. Market slumps.

In their book Write Your Business Plan, the staff of Entrepreneur Mediaoffer an in-depth understanding of whats essential to any business plan, whats appropriate for your venture, and what it takes to ensure success. In this edited excerpt, the authors discuss the importance of keeping your audience in mind when writing your business plan.

The potential readers of a business plan are a varied bunch, ranging from bankers and venture capitalists to employees. Although this is a diverse group, it is a finite one. And each type of reader does have certain typical interests. If you know these interests up front, you can be sure to take them into account when preparing a plan for that particular audience.

Active venture capitalists see hundreds of plans in the course of a year. Most plans probably receive no more than a glance from a given venture capitalist before being rejected; others get just a cursory inspection. Even if your plan excites initial interest, it may receive only a few minutes of attention to begin with. Its essential, when courting these harried investors, that you make the right impression fast. Emphasize a cogent, succinct summary and explanation of the basic business concept, and do not stint on the details about the impressive backgrounds of your management team. That said, make it concise and to the point. Remember, time is of the essence to venture capitalists and other investors.

Bankers tend to be more formal than venture capitalists and more concerned with financial strength than with exciting concepts and impressive resumes. For these readers, youll want to give extra attention to balance sheets and cash-flow statements. Make sure theyre fully detailed and come with notes to explain any anomalies or possible points of confusion.

Angel investors may not insist on seeing a plan at all, but your responsibilities as a businessperson require you to show them one anyway. For such an informal investor, prepare a less-formal plan. Rather than going for impressive bulk, seek brevity. An angel investor used to playing their hunches might be put off by an imposing plan rather than impressed with your thoroughness.

If you were thinking about becoming a partner in a firm, youd no doubt be very concerned with the responsibilities you would have, the authority you would carry and the ownership you would receive in the enterprise. Naturally, anyone whos considering partnering with you is going to have similar concerns. So make sure that any plan presented to a potential partner deals comprehensively with the ownership structure and clearly spells out matters of control and accountability.

Customers who are looking at your business plan are probably doing so because they contemplate building a long-term relationship with you. Theyre certainly going to be more concerned about your relationships with your other customers and, possibly, suppliers, than most of your readers. So deal with these sections of your plan in greater depth, but you can be more concise in other areas. Customers rarely ever read a companys business plan, so youll probably have your miniplan available for these occasions.

Suppliers have a lot of the same concerns as customers, except theyre in the other direction on the supply chain. Above all, theyll want to make sure you can pay your bills, so be sure to include adequate cash flow forecasts and other financial reports. Suppliers, who naturally would like their customers to order more and more, are likely to be quite interested in your growth prospects. In fact, if you can show youre probably going to be growing a lot, you may be in a better position to negotiate terms with your suppliers. Like customers, most suppliers dont take the time to read lengthy business plans, so again, focus on the shorter version for such purposes.

Strategic allies usually come to you for something specifictechnology, distribution, complementary customer sets, etc. So any plan you show to a potential ally will stress this aspect of your operation. Sometimes potential strategic partners may also be potential competitors, so you may want to present your plan in stages, saving sensitive information such as financials and marketing strategies for later in the process when trust has been established.

Managers in your company will be using the plan primarily to remind themselves of objectives, to keep strategies clear and to monitor company performance and market conditions. Youll want to stress such things as corporate mission and vision statements, and analyses of current industry and economic factors. The most important part of a plan intended for management consumption is probably in the financials. Youll want to take special care to make it easy for managers to compare sales revenue, profitability and other key financial measures against planned performance.

Theres one caution to the plan-customization exercise. Limit your alterations from one plan to another to modifying the emphasis of the information you present. Dont show one set of numbers to a banker youre trying to borrow money from and another to a partner youre trying to lure on board. Its one thing to stress one aspect of your operation over another for presentation purposes and entirely another to distort the truth.