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Money & Finance

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Money & Finance last won the day on November 16 2018

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    South Korea is considering moving some of the factories from China to India, according to a report in the Times of India. The rising trade wars between China and the USA had already led South Korea to mull its options and given the economic slump that has come in the wake of the Wuhan virus pandemic, it might very well have been the last straw that broke the camel’s back. Interestingly, India and South Korea have already pledged to take bilateral trade from the current US$ 21 billion to US$ 50 billion by the year 2030. The Korean consulate in Chennai has been working with a number of requests, some in preliminary stages, while others in advanced stages. “We have requests from two iron and steel companies, some startups and one from the hospitality sector which wants to come to India from China,” said Yup Lee, the deputy consul general for the Consulate General of The Republic of Korea. The majority of Korean companies are not doing well in China and, therefore, are pulling out of its ‘controlled economy’.
  1. Still trying to determine if the underlying price of Oil plummeting is in direct opposition to the money supply stimulus or US dollar printing......

    And if so, which one will have a bigger effect on the price of everyday things such as houses etc...

    Do they cancel each other out?

  2. Here is a snapshot from 2020 during the pandemic: Amazing to see it go down to 21 a couple days ago. I see the phrase above "Global economic softening"..... LOL..... can you say CLIFF?!?!
  3. U.S. stocks may frustrate investors looking to buy at lower prices this year. The S&P 500 Index’s performance on a total-return basis, including reinvested dividends, in post-World War II election years shows as much. Retreats of 10% or more, sing a commonly used threshold for corrections, occurred only half of the time during those years. They include 2008, when a financial crisis and a recession weighed on share prices, along with 2012 and 2016. The data on so-called drawdowns was cited in a report sent Thursday by Keith Lerner, SunTrust Private Wealth Management’s chief market strategist. ---------- Sincerely, David Wilson Stocks Editor, Bloomberg Radio Editor, Chart and Stock of the Day
  4. Mickey’s originally proposed name was Mortimer Mouse
  5. I read somewhere that they re-enabled them not long afterwards. Funny how our USA lost trust in the "freedom of speech" so easily.
  6. Schlatter dated Jennifer Aniston in 1990, during the shooting of the Ferris Bueller television series. He married Colleen Gunderson in 1994 and they have two daughters and a son. I had never heard of him.....
  7. E-commerce platform Shopify recently launched an enhanced version of its messaging capabilities in the form of Shopify Chat. Live chat capabilities can be particularly useful for a business’ e-commerce, as customers who chat with a brand convert three times more often than those who don’t.12 Shopify Chat aims to be a difference-maker for the company’s core users, small and medium-sized businesses (SMBs), helping them stay personal and prompt with their customers. The announcement follows Shopify’s foray into the fulfillment business with the Shopify Fulfillment Network. The company wants to connect merchants with third-party logistics providers and help remove barriers to entry for new businesses. 12. Shopify, “Shopify Chat: Close More Sales Through Real-Time Conversations,” Aug 14, 2019.
  8. The People’s Bank of China (PBOC) released a three-year plan to strengthen the country’s financial technology sector. The central bank dubbed fintech the “new engine” of development in the financial industry and identified six key steps for China to engage.10Included among them involves using fintech to improve the quality of the country’s financial services and to strengthen financial risk prevention and control capabilities.11 Fintech continues to disrupt traditional financial services with more accessible, efficient and affordable products. But fintech is more than a product. It’s an ecosystem of digital tools designed to meet a multitude of needs across markets and industries. China’s stated commitment to a fintech ecosystem figures to have far-reaching implications. 10. The PBOC, “The People’s Bank of China issued the “FinTech Development Plan (2019-2021),” Aug 22, 2019. 11. Ibid.
  9. Will Rogers once recommended that people should buy land due to its scarcity. With this in mind, investors need to understand the practicality of owning land and of running a land-based business venture. Types of Land Investments Independently wealthy people can purchase land for personal use, recreation – and yes, investment. Unfortunately, most people do not fall into this category. This begs the question: Are land-ownership opportunities and business ventures capable of generating an acceptable return on investment for small investors, while still affording them the joys and attributes associated with land ownership? To answer this question, you need to be able to evaluate 10 general categories of potential land investments: Residential development land Commercial development land Row crop land Livestock-raising land Timberland Mineral production land Vegetable farmland Vineyards Orchards Recreational land ..... I think the jury is still out... based on what this economy will look like after all the water is drained out of the pool and we see who is swimming naked.

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