Global protectionism and trade wars are on the rise as governments try to protect domestic industries and jobs. Protectionist policies like tariffs restrict international trade but can negatively impact consumers through higher prices. While protectionism aims to help local businesses compete, it can backfire and hurt economic growth if other countries retaliate. To reduce tensions, countries need to address unfair subsidies and find balanced multilateral trade agreements through organizations like the WTO.
Global Protectionism and GDP| Analysis and Commentary| February 2019paul young cpa, cga
Global trade continues to be big issue as USA continues to seek better trade with countries as part of managing their trade deficits.
WTO also is looking at reforms as part better operational model when it comes to dispute mechanism, subsidies and pushing emerging markets to open their markets to more two-way trade and FIPA deals.
Back in 2017 is when I did a presentation on protectionism. Many governments have expanded their protectionism policies. USA wants to reduced its trade deficits as part of supporting its agenda investment and jobs back to USA.
Global Protectionism and GDP| Analysis and Commentary| February 2019paul young cpa, cga
Global trade continues to be big issue as USA continues to seek better trade with countries as part of managing their trade deficits.
WTO also is looking at reforms as part better operational model when it comes to dispute mechanism, subsidies and pushing emerging markets to open their markets to more two-way trade and FIPA deals.
Back in 2017 is when I did a presentation on protectionism. Many governments have expanded their protectionism policies. USA wants to reduced its trade deficits as part of supporting its agenda investment and jobs back to USA.
The Trump administration’s economic policy is rapidly breaking down the World Trade Organisation (WTO) system and shattering the rules-based international order. On top of imposing tariffs, the United States is blocking the appointment of new judges to the body that interprets and enforces WTO rules, decisions and agreements.
If this continues, the WTO will virtually cease to function by the end of 2019.
This will cause a gradual breakdown of the multilateral trading system and lead to a new international economic order that is no longer anchored in liberal democratic values, nor fully constrained by the rule of law.
Source - https://theconversation.com/australia-has-to-prepare-for-life-after-the-world-trade-organisation-100522
Increasing tariffs and duties on either raw material or finished goods just forces up prices - https://www.bls.gov/news.release/cpi.nr0.htm
Government used tariffs and duties as stop gap when it comes to votes
USA is gaining in-shoring jobs - http://www.stltoday.com/news/national/govt-and-politics/us-factories-expand-at-strongest-rate-in-almost-years/article_f503790c-d2f2-593f-b6b3-e469da499080.html
USA has made changes to tax codes and regulations, but more needs to be done in terms of policies
Rising Healthcare Costs - https://www.cnbc.com/2017/08/09/employers-to-spend-about-10000-on-health-care-for-each-worker.html
Rising Labour Costs - https://www.reuters.com/article/us-usa-economy-costs/u-s-labor-costs-increase-solidly-in-the-fourth-quarter-idUSKBN1FK1XR?il=0 https://www.reuters.com/article/us-bonds-investments-analysis/costly-dollar-hedges-tarnish-u-s-bonds-for-overseas-investors-idUSKCN1GC0OF
Rising USD$ - https://www.reuters.com/article/us-bonds-investments-analysis/costly-dollar-hedges-tarnish-u-s-bonds-for-overseas-investors-idUSKCN1GC0OF
World in Crisis: Can the trading system still serve the needs of developing c...Simon Lacey
This is a presentation I gave in April 2009 at the South African Institute of International Affairs on the impact that the Global Financial Crisis had had on developing countries and the multilateral trading system
2019 Election| Global Trade and Protectionism| Canada| May 2019paul young cpa, cga
Canada depends on exports as such needs fair and equitable trad deals to expand business opportunities for Canadian Businesses
Canada is going to more regulations and higher taxes as compare to countries like the USA which are focusing on reducing both taxes and regulations
Canada is pushing clean technology at all costs through funding of clusters as well as other funding programs
Canada is pushing social issues on all trade deals. Countries are balking at social issues.
Canada is less competitive today than back in 2015. Trudeau has decided to hike taxes for small business, raise CPP rates and force carbon tax/price for carbon on all provinces. Trudeau is using the same model that drove out jobs in Ontario due hikes to hydro rates. - https://www.slideshare.net/paulyoungcga/business-competitivesness-canada-march-2019
"Free" Trade without "Fair" Trade? -- how should the U.S. react to address ou...CharlesDaniels123
Current economic theory assumes that nations will voluntarily adopt “fair trade” practices.
The U.S. is in a strong bargaining position to negotiate balanced trade relative to partners that drive our trade deficit – in a trade war, they have a lot more to loose.
The U.S. should proactively adopt a tit-for-tat approach to foster trade liberalization and fairness or risk losing the “international trade war”.
Above ‘fair trade” enforcing mechanism would provide crucial time for retraining displaced labor and/or protecting sectors impacted by unfair practices.
A new report published by The Economist Intelligence Unit highlights the key issues that small and medium enterprises (SMEs) grapple with as they expand internationally – which for many firms can outweigh the promise of growth.
The report, sponsored by DHL Express, is based on a survey of 480 SMEs spread across 12 countries and 20 industries, as well as in-depth interviews with a number of SMEs and policy experts.
According to the survey, 40% of respondents currently earned zero revenue from international operations, but a clear majority (72%) expect to derive between 11% and 50% of their revenues internationally in five years’ time. Across developed and developing markets, SMEs are focused on potential problem areas that trump growth in terms of importance. These include the quality of a target market’s infrastructure, the stability of its politics, the administrative costs of establishing a local presence, and the accessibility of local business acumen and networks.
Compared to their G7 counterparts, SMEs from BRICM (Brazil, Russia, India, China, and Mexico) have a much higher presence in other developing countries. For example, 15 percent of BRICM SMEs have international operations in Russia and CIS, whereas only 3.6 percent of G7 SMEs do; 18.5 percent of BRICM SMEs have international operations in South America compared to only 4.6 percent of G7 SMEs.
No two markets are treated as differently as Africa and China. Despite Africa’s strong growth rates the vast majority of survey respondents see very few opportunities in the region. China, however, remains a magnet for SMEs.
WTO plays a key roll in helping resolve issues with unfair trade practices. The problem is the WTO needs to reform including its mandate as part of eliminating unfair trade practices by countries around the world.
The Trump administration’s economic policy is rapidly breaking down the World Trade Organisation (WTO) system and shattering the rules-based international order. On top of imposing tariffs, the United States is blocking the appointment of new judges to the body that interprets and enforces WTO rules, decisions and agreements.
If this continues, the WTO will virtually cease to function by the end of 2019.
This will cause a gradual breakdown of the multilateral trading system and lead to a new international economic order that is no longer anchored in liberal democratic values, nor fully constrained by the rule of law.
Source - https://theconversation.com/australia-has-to-prepare-for-life-after-the-world-trade-organisation-100522
Increasing tariffs and duties on either raw material or finished goods just forces up prices - https://www.bls.gov/news.release/cpi.nr0.htm
Government used tariffs and duties as stop gap when it comes to votes
USA is gaining in-shoring jobs - http://www.stltoday.com/news/national/govt-and-politics/us-factories-expand-at-strongest-rate-in-almost-years/article_f503790c-d2f2-593f-b6b3-e469da499080.html
USA has made changes to tax codes and regulations, but more needs to be done in terms of policies
Rising Healthcare Costs - https://www.cnbc.com/2017/08/09/employers-to-spend-about-10000-on-health-care-for-each-worker.html
Rising Labour Costs - https://www.reuters.com/article/us-usa-economy-costs/u-s-labor-costs-increase-solidly-in-the-fourth-quarter-idUSKBN1FK1XR?il=0 https://www.reuters.com/article/us-bonds-investments-analysis/costly-dollar-hedges-tarnish-u-s-bonds-for-overseas-investors-idUSKCN1GC0OF
Rising USD$ - https://www.reuters.com/article/us-bonds-investments-analysis/costly-dollar-hedges-tarnish-u-s-bonds-for-overseas-investors-idUSKCN1GC0OF
World in Crisis: Can the trading system still serve the needs of developing c...Simon Lacey
This is a presentation I gave in April 2009 at the South African Institute of International Affairs on the impact that the Global Financial Crisis had had on developing countries and the multilateral trading system
2019 Election| Global Trade and Protectionism| Canada| May 2019paul young cpa, cga
Canada depends on exports as such needs fair and equitable trad deals to expand business opportunities for Canadian Businesses
Canada is going to more regulations and higher taxes as compare to countries like the USA which are focusing on reducing both taxes and regulations
Canada is pushing clean technology at all costs through funding of clusters as well as other funding programs
Canada is pushing social issues on all trade deals. Countries are balking at social issues.
Canada is less competitive today than back in 2015. Trudeau has decided to hike taxes for small business, raise CPP rates and force carbon tax/price for carbon on all provinces. Trudeau is using the same model that drove out jobs in Ontario due hikes to hydro rates. - https://www.slideshare.net/paulyoungcga/business-competitivesness-canada-march-2019
"Free" Trade without "Fair" Trade? -- how should the U.S. react to address ou...CharlesDaniels123
Current economic theory assumes that nations will voluntarily adopt “fair trade” practices.
The U.S. is in a strong bargaining position to negotiate balanced trade relative to partners that drive our trade deficit – in a trade war, they have a lot more to loose.
The U.S. should proactively adopt a tit-for-tat approach to foster trade liberalization and fairness or risk losing the “international trade war”.
Above ‘fair trade” enforcing mechanism would provide crucial time for retraining displaced labor and/or protecting sectors impacted by unfair practices.
A new report published by The Economist Intelligence Unit highlights the key issues that small and medium enterprises (SMEs) grapple with as they expand internationally – which for many firms can outweigh the promise of growth.
The report, sponsored by DHL Express, is based on a survey of 480 SMEs spread across 12 countries and 20 industries, as well as in-depth interviews with a number of SMEs and policy experts.
According to the survey, 40% of respondents currently earned zero revenue from international operations, but a clear majority (72%) expect to derive between 11% and 50% of their revenues internationally in five years’ time. Across developed and developing markets, SMEs are focused on potential problem areas that trump growth in terms of importance. These include the quality of a target market’s infrastructure, the stability of its politics, the administrative costs of establishing a local presence, and the accessibility of local business acumen and networks.
Compared to their G7 counterparts, SMEs from BRICM (Brazil, Russia, India, China, and Mexico) have a much higher presence in other developing countries. For example, 15 percent of BRICM SMEs have international operations in Russia and CIS, whereas only 3.6 percent of G7 SMEs do; 18.5 percent of BRICM SMEs have international operations in South America compared to only 4.6 percent of G7 SMEs.
No two markets are treated as differently as Africa and China. Despite Africa’s strong growth rates the vast majority of survey respondents see very few opportunities in the region. China, however, remains a magnet for SMEs.
WTO plays a key roll in helping resolve issues with unfair trade practices. The problem is the WTO needs to reform including its mandate as part of eliminating unfair trade practices by countries around the world.
2015 Election Promise - Liberal Party of Canada – Goods to Market – Canada – ...paul young cpa, cga
Canada is export driven country. Canada exports about 25% of its GDP. Canada needs access to market.
For each $1B of exports lead to 5,500 jobs. The exports driven jobs tends to pay 30-50% more than the service sector.
Manufacturing sales increased 2.1% to $58.0 billion in March, following a 0.2% decrease in February and a 0.9% gain in January. The transportation equipment, petroleum and coal product, and primary metal industries posted the largest gains in March.
Overall, sales were up in 12 of 21 industries, representing 56.4% of the Canadian manufacturing sector.
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/190516/dq190516a-eng.htm
Manufacturing sales declined 0.6% to $57.8 billion in April, following a 2.6% increase in March. The largest declines were in the transportation equipment and primary metal industries. Excluding transportation equipment, manufacturing sales rose 0.8%.
Sales were down in 8 of 21 industries, representing 36.1% of total Canadian manufacturing. In volume terms, manufacturing sales were down 0.8%.
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/190618/dq190618a-eng.htm
Canada is a country of 36M as such depends on exports
Canada’s exports are off about 25% due to many factors like lack of infrastructure to get goods to market, long drawn on regulatory process, lack of focus by all levels of government to push economic development and Liberals insistence to focus on social issues.
201 Election| Canada and World| Slow Economic Growth| August 2019paul young cpa, cga
I have written many blogs on GDP as such GDP was never what at Justin Trudeau made it out to be for Canada.
There are few major things driving the issues
1. Brexit (UK split from EU)
2. Global Protectionism policies
3. WTO not being reformed
4. Too much push for carbon tax and the climate change agenda
5. Too many governments focusing on keynesian economics.
6. Global immigration and integration
7. Anti-Natural Resources agenda
8. Automation (internet of things, machine learning, AI)
9. Lack of quality in terms of government leaders
10. Too many governments are pushing radical agendas including regressive taxation.
2019 Election| Global Trade Barriers and Protection| WTO| Canada| September 2019paul young cpa, cga
There are a number of ways of looking at the World Trade Organization. It is an organization for trade opening. It is a forum for governments to negotiate trade agreements. It is a place for them to settle trade disputes. It operates a system of trade rules. Essentially, the WTO is a place where member governments try to sort out the trade problems they face with each other.
This presentations looks at different aspect of the Canadian economy including key areas like GDP, Retail Sales, Exports, Housing Sales, Innovation and Infrastructure
2019 Election| World Economy| Slow Growth| Canada| July 2019paul young cpa, cga
This presentation will discuss issues facing the Canadian economy as it heads for slower economic growth.
World economies are facing difficulties due to many factors like Brexit or China/USA trade wars or Excessive Government Regulations or lack of investment infrastructure
Geopolitical events in Middle East, South Asia Sea, Government changes in UK, Australia, etc.
One of the big themes following this week’s federal budget was the lack of measures to support business investment, and this report suggests that the overall outlook for 2018 is still subdued. While there are some promising currents below the surface, like an improved (though still subdued) private-sector M&E outlook, we’ll see how those intentions play out in a year likely to be challenged by uncertainty on the trade front. Source – BMO Economics
Similar to Global Protection and Subsidies| Analysis and Commentary (20)
Global Housing Market Analysis and Commentary- September 2023.pptxpaul young cpa, cga
Summary:
Homebuilders are walking a fine line when it comes to new projects as high mortgage rates curb demand.
New residential construction, including single-family homes and multifamily, dropped 11.3% month over month in August to 1.283 million units on a seasonally adjusted basis, according to Census Bureau data released Tuesday. That's down 14.8% compared with a year ago and well below the 1.44 million units economists surveyed by Bloomberg projected.
But authorized residential permits — an indicator of potential future activity — rose 6.9% to 1.543 million permits in August from July. That was still down 2.7% from last August. Single-family permits, though, were up 2% from July to 949,000. Multifamily permits came in at 535,000.
The data reflects two opposing forces builders are trying to balance: the ongoing need for new construction to fill in limited inventory and elevated mortgage rates that are hurting their biggest customer right now, the first-time homebuyer.
"High mortgage rates are clearly taking a toll on builder confidence and consumer demand, as a growing number of buyers are electing to defer a home purchase until long-term rates move lower," Robert Dietz, chief economist of the National Association of Home Builders, said Monday in a press release after builder confidence dropped for the second straight month.
Source: https://ca.finance.yahoo.com/news/homebuilders-face-a-tough-balancing-act-on-new-construction-amid-high-mortgage-rates-130744368.html
Blog – What is next for the Mining Sector – September 2023
The mining sector provides critical material that support solar, wind, and lithium-ion batteries as part of the green transition. https://www.iea.org/news/critical-minerals-market-sees-unprecedented-growth-as-clean-energy-demand-drives-strong-increase-in-investment
The mining sector products play a key role with the global GDP - https://www.yicaiglobal.com/news/global-mining-industry-value-was-69-of-world-gdp-last-year-china-says
Mining practices need to be sustainable including following all ESG policies - https://www.linkedin.com/advice/1/how-can-you-monitor-sustainable-mining-practices
Other links and sources –
Lithium Supply and Price - https://zbr.com.mx/en/sin-categoria-es/lithium-prices-fall-44-in-china-due-to-lack-of-demand/138168/
Cobalt - https://www.linkedin.com/posts/mahmut-karada%C5%9F-a2b7a5151_china-exportrestrictions-gallium-activity-7082603182589157376-Zrty/?trk=public_profile_like_view
Nickel https://www.eureporter.co/business/2023/09/15/stanislav-kondrashov-from-telf-ag-nickel-prices-outlook-remains-positive/
Iron-ore - https://www.brecorder.com/news/40263584/sgx-iron-ore-set-for-best-week-in-3-months
TD Bank / Metals - https://www.tdsecurities.com/ca/en/setting-the-stage-for-gold-outlook
Biodiversity / Mining - https://worldcrunch.com/green/lithium-green-energy-argentina-indigenous
ESG - https://iriscarbon.com/the-added-value-of-integrated-esg-reporting-a-threefold-framework/
Blog – Manufacturing Shipments and Orders – The United States – August 2023
Summary:
New orders for manufacturing technology in the United States totaled $353.9 million in July 2023, as per the latest report by AMT – The Association For Manufacturing Technology. This figure marked a 12.4% decline from June 2023 but remained only 10.5% lower than July 2022. Year-to-date orders amounted to $2.83 billion, reflecting a 12.7% decrease compared to the same period the previous year.
Douglas K. Woods, President of AMT, noted that July is typically a slower month for manufacturing technology orders, so a slight drop was expected. However, he pointed out a notable trend: over the last two months, the year-to-date order gap has narrowed during historically slow periods. While job shops have seen decreased orders, other industries that benefited from reshoring or government investments have helped fill the gap.
Among specific sectors, job shops, the largest customer segment, placed their lowest total monthly orders since August 2020. In contrast, metal valve manufacturers recorded their third-highest monthly order value on record, last seen in September 2018, making up nearly 5% of the total manufacturing technology order value for July 2023. Manufacturers of motor vehicle transmissions continued to order machinery at an elevated pace. However, the aerospace industry continued to order below its early 2022 peaks, with hopes that recent projects like the federal government's $1.5 billion investment in communications satellites might reverse this trend.
Source: https://www.sme.org/technologies/articles/2023/september/u.s.-manufacturing-technology-orders-dip-in-july-but-show-resilience-amid-economic-uncertainty
Stock Market Analysis and Commentary for WE September 15 2023.pptxpaul young cpa, cga
Blog – Analysis and Commentary – Stock Market – WE September 15 2023
Summary:
Stocks fell Friday as investors wrap up a volatile week ahead of the Federal Reserve's policy meeting.
The Dow Jones Industrials tumbled 288.87 points to close out Friday and the week at 34,618.24. At its lows, it completely wiped out Thursday's 332-point rally.
The S&P 500 index sank 54.78 points, or 1.2%, to 4,450.32.
The NASDAQ index plunged 217.72 points, or 1.6%, to 13,708.33.
The Dow held onto a winning week. The S&P 500 and NASDAQ both closed out the week with losses.
Information technology was the worst-performing sector in the S&P 500, down nearly 2%. Adobe shares fell more than 4% even after the software firm posted better-than-expected quarterly results. Shares of Arm Holdings were lower one day after its successful public debut.
Auto stocks General Motors and Stellantis N.V. were higher Friday, while Ford Motor was about flat. Thousands of members of the United Auto Workers went on strike after failing to reach a deal with the automakers Thursday night.
Elsewhere, Lennar shares slid 3%. The home construction firm posted third-quarter results that beat on the top and bottom lines.
On the economic front, the University of Michigan's consumer sentiment survey showed one-year inflation expectations dropped to 3.1% in
September, tied for the lowest since January 2021. Also, the five-year outlook fell to 2.7%, matching its lowest since December 2020.
Electricity Analysis - Canada and the OECD - June 2023.pptxpaul young cpa, cga
Summary:
Over three-quarters of the world’s total coal-generated electricity is consumed in just three countries. China is the top user of coal, making up 53.3% of global coal demand, followed by India at 13.6%, and the U.S. at 8.9%.
Burning coal—for electricity, as well as metallurgy and cement production—is the world’s single largest source of CO2 emissions. Nevertheless, its use in electricity generation has actually grown 91.2% since 1997, the year when the first global climate agreement was signed in Kyoto, Japan.
However, even as non-renewables enjoy their time in the sun, their days could be numbered.
In 2022, renewables, such as wind, solar, and geothermal, represented 14.4% of total electricity generation with an extraordinary annual growth rate of 14.7%, driven by big gains in solar and wind. Non-renewables, by contrast, only managed an anemic 0.4%.
The authors of the Statistical Review do not include hydroelectric in their renewable calculations, even though many others, including the International Energy Agency, consider it a “well-established renewable power technology.”
With hydroelectric moved into the renewable column, together they accounted for over 29.3% of all electricity generated in 2022, with an annual growth rate of 7.4%.
Source - https://energynow.ca/2023/09/infographic-what-electricity-sources-power-the-world-see-them-here-visual-capitalist/
Stock Market Analysis and Commentary for WE September 9 2023.pptxpaul young cpa, cga
What did the markets tell us this week?
1. Housing supply and costs continue to plague countries around the world.
2. Gasoline prices are on the rise that puts pressure on central banks ability to hit their core inflation targets.
3. ESG adoption by both the private and public sector is leading to both funding concerns and the overall cost of implementing ESG policies.
4. Adopting technology as part of increasing food production is facing both capital and operational funding concerns.
5. Strike at LNG facility in Australia is leading to concerns around a supply chain disruption of natural gas for EMEA and Asia.
6. The threat of China dumping batteries into markets - https://www.ft.com/content/b6038e51-7b5b-4f97-a5da-9202e71562fc
7. Adoption of generative AI has been facing many challenges related to security, privacy, and ethical issues.
8. Lack of biodiversity planning as part of the overall climate mitigation including sustainable mining, forestry, oil, gas, agriculture, and housing
9. Geopolitical issues continue to impact supply chain.
10. The concerns of recession continue to plague both the private and public sector.
11. Productivity issues continue to plague governments around the world.
Global (Mining Oil and Gas Forestry and Agriculture) Analysis and Commentary ...paul young cpa, cga
The mining, oil, gas, agriculture, forestry, and mining continue to face environmental, social, and governance policy review including reporting of key metrics as part of ESG reporting cycle.
There is more focus on profitability and investment returns as part of the integrated planning and reporting cycle.
Summary:
The global economy faces what at least one forecaster is calling a mild trade recession as shipments from China slump and German factories downshift.
China’s export declines extended into August, though there were signs that the worst of a world trade slowdown may be over for the leading exporter.
Overseas shipments from China fell 8.8% in dollar terms from a year earlier while imports contracted 7.3%, both better than economists’ estimates and significantly less severe than July’s downturn.
Other data have suggested trade may be stabilizing after weakening for most of this year. Exports from South Korea also declined at a more moderate pace in August than the previous month.
Source: https://www.bloomberg.com/news/newsletters/2023-09-07/supply-chain-latest-world-trade-faces-a-shallow-recession?srnd=economics-v2
Additional sources and links:
Lithium - https://source.benchmarkminerals.com/article/falling-lithium-prices-challenge-potential-cost-advantages-of-sodium-batteries
Oil Production - https://www.cnn.com/2023/09/06/business/oil-price-goldman-sachs/index.html
Natural gas - https://www.fxstreet.com/news/natural-gas-holds-up-as-markets-in-limbo-over-strikes-202309070956
Lumber - https://www.fastmarkets.com/insights/sawmill-capacity-closures-reshape-us-lumber-supply
Critical metals - https://www.wasterecyclingmag.ca/feature/how-recycling-could-solve-the-shortage-of-minerals-essential-to-clean-energy/
Agriculture - https://www.morningagclips.com/economists-forecast-positive-end-of-year-crop-outlook-despite-warmer-midwestern-climate/
ESG - https://www.skadden.com/insights/publications/2023/09/the-informed-board/the-eus-new-esg-disclosure-rules
Ports - https://www.marketscreener.com/quote/stock/HAPAG-LLOYD-AG-24857717/news/Hapag-Lloyd-chief-warns-of-rougher-seas-ahead-for-container-shipping-44789017/
Top destination for reshoring - https://www.thenationalnews.com/business/economy/2023/08/29/uae-in-top-10-most-powerful-passports-for-investment-opportunity/
Global Trade - https://phys.org/news/2023-09-opinion-broke-global-climate-finish.html
What is next for the Forestry Sector and Lumber Production - September 2023.pptxpaul young cpa, cga
Lumber production in Canada continues to face many hurdles
Canada forest management practices are some of the bests in the world
Canada planted over 440M in seedlings back in 2018. It is now 2022 which means close 2M seedlings have been planted.
All levels need to put more focus on urban and rural planning solutions
More work including spending on wildfire and forest fire mitigation
Canada and USA need to find a path forward to resolve the softwood lumber dispute
There needs to a better balanced between climate change policies and growing the economy in a sustainable way
3D printing for housing needs to become mainstream
More protection needs to happen with key ecosystems like wetlands, forest, and peatlands.
There is a risk of debt default if interest rates are hike over the next few months
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
2. PAUL YOUNG - BIO
• CPA, CGA
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Financial Solutions
• Former Lecturer – CGA Ontario – Public
Finance, Advance Accounting, Finance and
Advance Information Systems
Contact information:
Paul_Young_CGA@Hotmail.com
3. OVERVIEW
This presentation looks protectionism policies when it comes to merchandise
trade.
I said back in 2017 that world was headed to more protectionism policies and
trade wars. The trade wars has escalated as USA has moved forward with a
string of tariffs on imports like steel and aluminum.
USA has also raised concern with theft of IP that is also leading increase trade
tensions between USA and China
4. AGENDA
• What is protectionism
• Issues with protectionism
• Top exporting countries
• World GDP Growth
• IP Theft (Most Protective vs Less Protective
• China and USA Trade
• Canada and Trade Deficits
• Blog – Protectionism
• Blog – Canada and Trade
• Trump and USA Trade
• Trump and EU
• Business Subsidies
• Solutions
5. WHAT IS PROTECTIONISM
Protectionism refers to government actions and policies that restrict or restrain international trade, often
done with the intent of protecting local businesses and jobs from foreign competition. Typical methods of
protectionism are tariffs and quotas on imports and subsidies or tax cuts granted to local businesses. The
primary objective of protectionism is to make local businesses or industries more competitive by increasing
the price or restricting the quantity of imports entering the country.
Source - http://www.investopedia.com/terms/p/protectionism.asp
6. ISSUES WITH PROTECTIONISM
Many countries are receiving pressure at
home to create jobs. The problem is that
government cannot create jobs directly as
that is up to private sector. Government
has a role and that is to do with policies,
like taxation or regulations or
trade/investment agreements with various
countries around the world.
Some countries artificially keep their
currency low as part of trying secure foreign
direct investment. Many countries feel
these countries that are using labor and/or
currency rates to keep their costs down are
not acting fairly as such will look at counter
measure through the form of tariffs/duties.
Some countries artificially control
investment by putting restriction on
ownership. Foreign ownership restriction
along with business subsidies can lead to
companies within those countries having an
unfair advantage over companies in other
countries.
Consumers can pay higher prices due to
import taxes
7. GLOBAL PROTECTIONISM
Source - https://www.cnbc.com/2019/02/05/un-warns-of-currency-wars-and-protectionism-if-trade-war-escalates.html
8. GLOBAL TRADE PROTECTIONISM
Source - https://www.washingtonpost.com/news/theworldpost/wp/2018/11/12/wto-2/?utm_term=.c7058dcb14cf
Washington Post – November 12, 2018
9. PROTECTIONISM – GLOBAL CONSUMER
• Source - http://www.jsonline.com/story/opinion/contributors/2017/04/13/roth-donald-trumps-
protectionist-trade-inclinations-hurt-wisconsin/100413028/
In contrast, hiking taxes on imports — as Trump has signaled — is regressive and
serves to hurt consumers, particularly the working class, by forcing American
consumers to pay higher prices. Whether it is a tariff or the BAT tax, consumers
ought to know that the end result will be higher prices on cars, clothes and
Coronas.
Milwaukee Journal-Sentinel – April 13, 2017
10. IP THEFT
Source - http://www.theglobalipcenter.com/wp-
content/uploads/2017/02/GIPC_IP_Index_2017_Report.pdf
Best Worse
11. TOP EXPORTING COUNTRIES
Source - http://www.worldatlas.com/articles/exports-by-country-20-largest-
exporting-countries.html
FORECASTED GDP GROWTH
Source - https://www.oecd.org/.../Growth-has-peaked-amidst-
escalating-risks-economic-outloo...
15. USA VS CHINA
TRADE 2016
Exports $116B
Imports $463B
Deficit ($347)B
New Trade 2017
• $43B Alaska LNG
• $37B Aerospace
• $170 Other
16. USA AND CHINA TRADE WAR
Source - https://www.industryweek.com/economy/trump-xi-agree-temporary-truce-bid-contain-trade-war?NL=IW-07&Issue=IW-07_20181203_IW-
07_943&sfvc4enews=42&cl=article_1_b&utm_rid=CPG03000001519274&utm_campaign=31183&utm_medium=email&elq2=c02fc733fbff47a2a5d7c5e7ac45d037
Industrial Week – December 3, 2018
17. CANADA TRADE DEFICIT
Source - Stats Canada
Issues:
• More taxes (Carbon Taxes)
• Tax hikes (Payroll Taxes, Income Taxes, Small Business Taxes)
• High hydro costs
• Pipelines approved, but not built
• Lack of capacity to expand exports (Ports, pipelines, roads, bridges)
• No new trade deals (Emerging Markets)
• Pushing social agenda (Agenda 2030)
19. BLOG -
PROTECTIONISM
• What is Protectionism?
• Protectionism refers to government actions and policies that restrict or restrain international
trade, often done with the intent of protecting local businesses and jobs from foreign
competition. Typical methods of protectionism are tariffs and quotas on imports
and subsidies or tax cuts granted to local businesses. The primary objective of protectionism is
to make local businesses or industries more competitive by increasing the price or restricting
the quantity of imports entering the country.
• Source - http://www.investopedia.com/terms/p/protectionism.asp
•
• What causes protectionism?
• Many countries are receiving pressure at home to create jobs. The problem is that
government cannot create jobs directly as that is up to private sector. Government has a role
and that is to do with policies, like taxation or regulations or trade/investment agreements
with various countries around the world.
• Some countries artificially keep their currency low as part of trying secure foreign direct
investment. Many countries feel these countries that are using labor and/or currency rates to
keep their costs down are not acting fairly as such will look at counter measure through the
form of tariffs/duties.
• Some countries artificially control investment by putting restriction on ownership. Foreign
ownership restriction along with business subsidies can lead to companies within those
countries having an unfair advantage over companies in other countries.
•
• Why is the world heading to more protectionism?
• Slow growth globally which is impacting both exports and the domestic markets for various
countries.
• New government leadership like Trump in the United States ran on platform to create jobs.
New government can lead to change in policies, like reducing taxation or reducing red tape or
tariffs/duties on imports.
20. BLOG - TRADE
• http://www.canadianmanufacturing.com/exporting-and-importing/canada-u-s-trade-not-broken-no-need-trump-fix-freeland-says-
181024/?custnum=11196356799&title=&utm_source=CMO&utm_medium=email&utm_campaign=161222B
•
• Key Quote “I think the reality is the trading relationship with Canada is the farthest possible thing from being broken. It is very balanced and
mutually beneficial”
•
• Fact:
• Mexico has leapfrog Canada in terms on trade with the United States - http://www.huffingtonpost.ca/2016/12/07/mexico-us-trade-
canada_n_13487730.html . “According to data from the U.S. Commerce Department, trade in goods between the U.S. and Mexico amounted to
US$245.3 billion this year through October, while U.S.-Canada trade totaled $230.4 billion”
• Canada is imposing carbon taxation and United States is not - http://www.cme-mec.ca/download.php?file=58ju7z2st.pdf – Canada needs to be
competitive in terms of taxation as well as regulations. Business investment by companies will go to various jurisdictions that maximize return on
investment (ROI)
• http://www.huffingtonpost.ca/2016/11/18/alberta-texas_n_13075844.html “Texas is right now in much better fiscal condition than Alberta.”
• Softwood Lumber - http://www.forestbusinessnetwork.com/66288/softwood-goes-deeper-than-just-lumber/ “The fact remains that Canadian
lumber companies continue to enjoy a supply of logs from government sources, while US counterparts that are in areas with a high density of
federally owned timberland continue to die off. This has far-reaching consequences for the US Forest Service and other land managers that no
longer have markets to sell their logs. That brings me to a question, why can’t mills positioned near the Canadian border compete for logs that
are in Canada? Now that the Canadian system is more market-based, shouldn’t logs be free to cross the border like lumber?”
• Canada has dropped out of the top 10 for FDI - https://www.slideshare.net/paulyoungcga/fdi-foreign-direct-investment-the-importance-of-
capital-inflow
• Ontario has fallen in terms of mining investment - http://www.mining.com/canadas-saskatchewan-manitoba-worlds-new-top-mining-
destinations/
21. USA TRADE AND
TRUMP
Source -
http://www.ttnews.com/articles/us-
trade-gap-narrows-seven-month-low-
record-exports or
http://www.startribune.com/ap-fact-
check-trump-ignores-strong-points-in-
us-trade/485093841/
22. PROTECTIONISM
POLICIES AND
WTO
The Trump administration’s economic policy is rapidly
breaking down the World Trade Organisation (WTO) system
and shattering the rules-based international order. On top of
imposing tariffs, the United States is blocking the
appointment of new judges to the body that interprets and
enforces WTO rules, decisions and agreements.
If this continues, the WTO will virtually cease to function by
the end of 2019.
This will cause a gradual breakdown of the multilateral
trading system and lead to a new international economic
order that is no longer anchored in liberal democratic values,
nor fully constrained by the rule of law.
Source - https://theconversation.com/australia-has-to-
prepare-for-life-after-the-world-trade-organisation-100522
24. STOCK MARKET / GLOBAL INVESTMENT
Source – OECD and BMO Economics
25. IMMIGRATION/REFUGEE – GEOPOLITICAL EVENTS
• I am all about helping people but let’s start going to the root cause
https://m.washingtontimes.com/news/2018/jan/23/roughly-80-of-all-voters-say-us-needs-secure-
borde/?utm_campaign=shareaholic&utm_medium=facebook&utm_source=socialnetwork&fbclid=IwAR0K7_f
ms2PQCAEdPrRGY3IEzq8Z-zMkVoVR4bp2WlmsKAhomFeKw-Mr1NI
If people want to come to USA and Canada that is there choice, but they should do it through proper channels
•
• I applaud people’s passion to help people but too many people do not grasp geo-political events
Source - https://www.slideshare.net/paulyoungcga/understanding-cause-and-effect-of-geo-political-events-
january-2019
28. USA VS EU (TRADE WAR)
Source - https://www.industryweek.com/economy/eu-us-trade-war-escalates-over-disputed-aviation-subsidies?NL=IW-07&Issue=IW-07_20190409_IW-
07_62&sfvc4enews=42&cl=article_2_b&utm_rid=CPG03000001519274&utm_campaign=34034&utm_medium=email&elq2=b3a9aaab56344c9b8b193525150a4a83
29. GLOBAL BUSINESS SUBSIDIES
Source - https://www.voanews.com/a/wto-member-group-vows-to-reform-rules-on-subsidies-dispute-settlement/4630023.html or
https://www.atlanticcouncil.org/blogs/new-atlanticist/the-wto-may-be-beyond-saving or https://www.investopedia.com/terms/s/subsidy.asp
• Tax deductions are determine by the tax code. This should not be view a subsidies as they include Capital Cost
Allowance and R&D deductions. These deductions are available to every business no matter the sector.
• WTO needs to start going after emerging markets to ensure that govt’s are not providing direct subsidies.
• Tariffs wars do nothing but raise the price for consumer goods.
• The focus should be on direct subsidies
• Price support
• Government loans/grants to businesses
• Duties/Import taxes
30. SOLUTIONS / TRADE
Source - https://piie.com/blogs/trade-investment-policy-watch/three-ways-reduce-trade-deficit
1. Consume less and save more. If US households or the government reduce consumption (businesses save more than they spend), imports
will drop and less borrowing from abroad will be needed to pay for consumption. This means that consumption taxes—like those that nearly
all other countries in the world have—could help reduce the deficit, by discouraging consumption, increasing saving, and reducing the
government deficit. In contrast, an unfunded tax cut, such as the one proposed by the administration, will expand the deficit because the
government will be consuming more relative to its earnings
2. WTO needs to be reformed to ensure all countries follow similar policies when it comes to FIPA and Trade Agreements
3. Countries need to stop pushing their social agenda on to countries.
4. Depreciate the exchange rate. Trade deficit reversals are typically driven by a significant real exchange rate depreciation. A weaker dollar
makes imports more expensive and exports cheaper and improves the trade balance. Given the dollar is the world's reserve currency, and
still regarded as the safest for investors, it tends to run stronger than other currencies. But when foreign governments actively push the
dollar up to maintain their surpluses, the United States could counteract interventionby selling dollars and buying foreign currencies. The
administration could also encourage the adoption of other major currencies, such as the euro, yen, or renminbi, as alternative reserve
currencies. A weaker dollar would be good for the US economy, but relinquishing the role as the dominant currency would reduce the power
of the United States in global markets and the seigniorage (profit) earned
5. Tax capital inflows. One of the reasons that the United States runs a trade deficit is because borrowing from abroad is cheap and easy. If it
were more expensive, US citizens and the government would borrow less. A tax on (non–foreign direct investment) capital inflows that rises
with the size of the inflow could reduce excessive borrowing for consumption and help close the government imbalance. While some worry
that capital controls could distort asset prices and reduce investment, they could also curb excessive speculative investment, such as
happened before the financial crisis.