Key Developments Massive Tariff Escalation Chinese goods now face 104% total tariffs (up from 54% last week) EU hit with 20% , Vietnam 46% , Japan 24% , among others Tariffs apply to new imports arriving after May 27 (those already in transit exempt) Market Impact S&P 500 fell below 5,000 , nearing bear market territory $5.8 trillion in market cap wiped out from S&P 500 firms in four days Nikkei fell over 3% , Korean won hits 16-year low US stock futures point to a fifth straight day of losses White House Position Trump says tariffs are “permanent” , but also calls them “pressure tools” to drive trade negotiations Talks scheduled with South Korea , Japan , and Italy’s PM next week China has vowed retaliation, accusing US of “blackmail” Consumer Impact Economists warn of higher prices on goods like wine, sneakers, electronics Reuters/Ipsos poll: Nearly 75% of Am...
Phew......finally getting the permission to post using my own profile. Was doing the 'restructuring' work on the blogs with my brother for weeks and finally we figure out it will be better for us to post the blog using our own profile. Before this I was posting using my younger brother's profile as he was the one to encourage me to blog. I am glad because I can share my 2 cents opinion on money matters with others across the Net. But while doing so, I realized that restructuring is actually part of our life and as well as a process to increase our net worth. Usually a company will restructure if there's change in leadership. Some company will restructure if the circumstances force the company to do so. Nevertheless restructuring usually means new idea, innovation, creativity, motivation etc. While 'restructuring' our blog, both my brother and me come out with more and more idea in which we would like to share with others, but we realized that we need to streamline it so that our 2 cents idea or our opinion can be practice by our peers. Thus, we come out with this idea to use our own profile, instead of sharing the same profile, which can sometimes be quite confusing to our peers. Whoops...... seems like I'm off-topic a bit. Ok.... Back to the money matters and how restructuring can be apply to it. Well, most of us draw fixed amount of salary monthly and the way we spend it could be the same from one month to another. It's because we have house loan, car loan, education loan, credit cards loan etc. The amount of our debt seems to be fixed. But how many of us restructure our budget once in a while? Or we only restructure the budget yearly when we have increment? In my opinion, it is better to restructuring our monthly budget once in a while and while our income is still fixed. By restructuring once in a while, we can come out with the idea of earning more money, renewed motivation to achieve financial goals. Besides that, we can be so detailed on the spending until we can reduce unnecessary expenses. By doing so, coupled with discipline, hopefully we will achieve our yearly financial goals, or in fact do more than that. Cheers......
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