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...
It's been a while since I last updated the blog. Either I was too busy with my work or sometimes when I'm free, I cannot login to the blogspot. Not sure it is the S*reamyx problem or the Google problem. I can login to my gmail though. Besides that, not really have any idea on what to blog about. But anyhow, I feel like updating the blog today. My fren ask me to take a look at one of this blog. The purpose of the blog is to promote the Jumble Station - a community outreach initiative designed to raise funds to assist Single Parents in need some of whom are part of the Shelter Home Single Mothers Network. Jumble Station aims to economically empower Single Parents and the poor to be financially independent in the long run by owning or running their own small businesses eventually. The purpose I brought up the blog is not to help fund raising nor do anything to promote it. Just that I see that Jumble Station has one great vision - which is to economically empower Single Parents and the poor to be financially independent. The vision is about to same as one of my dream; to be financially independent by the age of 40 - currently still have debt over 100K. But I believe it can be done. If people who are poor or facing financial difficulties can do it, I'm sure it not be that tough for me. But besides earning for myself, I will donate to those needy. I will continue to work towards fulfilling my dream that I dared to dream - in fact, this is what was preached by my church's pastor. What a coincidence, LOLz!
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