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...
At moment of crisis, you will wonder why some survives, some fall while some others triumphs. During this economy downfall, we see how AIG nearly fall into bankruptcy due to the lack of financial planning and too much of unnecessary bonuses given.
However, it doesn't mean during economy crisis, all is lost and gone.
If one manages the money they have effectively, be it the financial situation of their company or their personal finance, there will definitely be enough for rainy season. So often we see an individual or a company suffers during economy crisis due to the lack of financial planning. Most often these people spent more than they have even during the good times.
Finance matters to all of us. And if you lack financial planning or any personal finance advisor, then I believe it is time you learn about it. Probably the first crucial step is for you to define your financial goals.
When you have a certain goals or direction, it will help you to plan everything in accordance to that direction. However, there are a lot of people who fail to define their financial goals as they fail to set their priority right.
If you indeed intend to learn more about financial planning and financial management, please leave us your comment here. We will follow up from there. It might not be long before you earn wealth that you never imagine of.
However, it doesn't mean during economy crisis, all is lost and gone.
If one manages the money they have effectively, be it the financial situation of their company or their personal finance, there will definitely be enough for rainy season. So often we see an individual or a company suffers during economy crisis due to the lack of financial planning. Most often these people spent more than they have even during the good times.
Finance matters to all of us. And if you lack financial planning or any personal finance advisor, then I believe it is time you learn about it. Probably the first crucial step is for you to define your financial goals.
When you have a certain goals or direction, it will help you to plan everything in accordance to that direction. However, there are a lot of people who fail to define their financial goals as they fail to set their priority right.
If you indeed intend to learn more about financial planning and financial management, please leave us your comment here. We will follow up from there. It might not be long before you earn wealth that you never imagine of.
couldn't agree more :) nice post ...
ReplyDeleteHello Everybody,
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