Here is my latest look at the United States.
Summary
United States GDP dropped for second straight quarter.
Over 11M job vacancies across the United States
Inflation continues to remain high. The Federal Reserve has commented that it will take years to bring down the inflation rate to 2%.
Key Macro and Micro Indicators - United States - May 2022 and June 2022.pptxpaul young cpa, cga
Summary:
USA continues to face many challenges including high inflation.
USA household continue to pile on the debt
USA continues to be a world leader in LNG exports
USA appears to be a recession due to two consecutive quarters of negative growth
Scorecard - Key Metrics - The United States - July 2022 and August 2022.pptxpaul young cpa, cga
USA GDP has contracted for two consecutive quarters
Business automation spending continues to grow
USA continues to look at ways to expand LNG exports
Farmers continue to face challenges with crop yields
Housing market is facing enormous challenges over eighteen months
Inflation has been declining but more needs to be done to address systemic issues with inflation. Key focus areas should be reeling government spending, tax, and regulatory reforms as part of addressing issues with productivity
Innovation is another area that the private sector needs to do more investing as part of managing their product life cycles.
Summary:
Canada’s economic expansion showed signs of moderation in May and June, pulling back from a strong start to the year in the face of high inflation and rising interest rates.
Output in June was on track for a small increase of 0.1 per cent after stalling in May, Statistics Canada said on Friday. That follows three months of strong growth between February and April that helped fuel a robust expansion in the second quarter, which the agency estimated at about 4.6 per cent annualized.
The results show a picture of an economy that was unscathed from the global slowdown in the first part of the year but may be entering a period of much slower growth.
The Bank of Canada has raised its benchmark policy rate by more than two percentage points since March to slow four-decade high inflation, and is expected to continue hiking by at least another half-percentage point at its next policy decision in September
Source - https://www.bnnbloomberg.ca/canada-s-economy-stalled-in-may-1.1798830
Geopolitical Risks - Pandemic - Canada and the World - WE May 7 2022.pptxpaul young cpa, cga
Summary:
COVID and other variants will continue to plague the world
Not enough is being done to address issues with the healthcare delivery model
More needs to be done to address the supply chain
More focus on other areas beyond climate change
Governments need to start addressing issues with tax reform, size of government, and productivity as part of address issues facing their tax base and economies.
Fiscal and Economic Scorecard - Canada - February 2022 and March 2022.pptxpaul young cpa, cga
Blog – Scorecard – Fiscal and Economic – Canada – February 2022 and March 2022
Canada inflation rate is the highest since 1991
Nearly 50% of the job vacancies are with jobs that pay less than the average wage
Housing costs continue to be an issue
GDP rebounded strongly in February 2022.
The Federal Government ran a $5B surplus in Feb/22
What is happening with Pension Plans - Canada and the World - September 2022....paul young cpa, cga
Summary:
The first quarter saw the market value of assets held by Canadian trusteed pension funds drop $65.6 billion to $2.21 trillion, down 2.9% from the previous quarter. Year over year, the market value rose by 7.2%, or $148 billion.
The five largest asset categories, which together account for more than 90% of the total market value of assets, showed mixed results. The top two categories fell, equities down 7.5% and bonds down 6.8%, while the remaining three rose, real estate up 6.0%, infrastructure up 3.9%, and other assets up 3.6%. The smaller asset categories posted mixed results, as follows: accounts receivable increased (+14.7%); other short-term funds increased (+17.8%); Government of Canada treasury bills increased (+19.1%); cash, deposits and guaranteed investment certificates decreased (-2.1%); accrued interest and dividends receivable increased (+1.0%); and life insurance annuities decreased (-13.9%).
Canadian bonds (-6.7%) and Canadian equities (-1.0%) fell in the first quarter, while year over year, Canadian bonds rose 3.7% and Canadian equities fell 1.5%.
Overall, domestic assets fell 1.9% in the first quarter and rose 4.6% year over year. Foreign assets dropped 5.6% in the first quarter, while still gaining 5.7% year over year.
Source: https://www150.statcan.gc.ca/n1/daily-quotidien/220914/dq220914e-eng.htm
Key Macro and Micro Indicators - United States - May 2022 and June 2022.pptxpaul young cpa, cga
Summary:
USA continues to face many challenges including high inflation.
USA household continue to pile on the debt
USA continues to be a world leader in LNG exports
USA appears to be a recession due to two consecutive quarters of negative growth
Scorecard - Key Metrics - The United States - July 2022 and August 2022.pptxpaul young cpa, cga
USA GDP has contracted for two consecutive quarters
Business automation spending continues to grow
USA continues to look at ways to expand LNG exports
Farmers continue to face challenges with crop yields
Housing market is facing enormous challenges over eighteen months
Inflation has been declining but more needs to be done to address systemic issues with inflation. Key focus areas should be reeling government spending, tax, and regulatory reforms as part of addressing issues with productivity
Innovation is another area that the private sector needs to do more investing as part of managing their product life cycles.
Summary:
Canada’s economic expansion showed signs of moderation in May and June, pulling back from a strong start to the year in the face of high inflation and rising interest rates.
Output in June was on track for a small increase of 0.1 per cent after stalling in May, Statistics Canada said on Friday. That follows three months of strong growth between February and April that helped fuel a robust expansion in the second quarter, which the agency estimated at about 4.6 per cent annualized.
The results show a picture of an economy that was unscathed from the global slowdown in the first part of the year but may be entering a period of much slower growth.
The Bank of Canada has raised its benchmark policy rate by more than two percentage points since March to slow four-decade high inflation, and is expected to continue hiking by at least another half-percentage point at its next policy decision in September
Source - https://www.bnnbloomberg.ca/canada-s-economy-stalled-in-may-1.1798830
Geopolitical Risks - Pandemic - Canada and the World - WE May 7 2022.pptxpaul young cpa, cga
Summary:
COVID and other variants will continue to plague the world
Not enough is being done to address issues with the healthcare delivery model
More needs to be done to address the supply chain
More focus on other areas beyond climate change
Governments need to start addressing issues with tax reform, size of government, and productivity as part of address issues facing their tax base and economies.
Fiscal and Economic Scorecard - Canada - February 2022 and March 2022.pptxpaul young cpa, cga
Blog – Scorecard – Fiscal and Economic – Canada – February 2022 and March 2022
Canada inflation rate is the highest since 1991
Nearly 50% of the job vacancies are with jobs that pay less than the average wage
Housing costs continue to be an issue
GDP rebounded strongly in February 2022.
The Federal Government ran a $5B surplus in Feb/22
What is happening with Pension Plans - Canada and the World - September 2022....paul young cpa, cga
Summary:
The first quarter saw the market value of assets held by Canadian trusteed pension funds drop $65.6 billion to $2.21 trillion, down 2.9% from the previous quarter. Year over year, the market value rose by 7.2%, or $148 billion.
The five largest asset categories, which together account for more than 90% of the total market value of assets, showed mixed results. The top two categories fell, equities down 7.5% and bonds down 6.8%, while the remaining three rose, real estate up 6.0%, infrastructure up 3.9%, and other assets up 3.6%. The smaller asset categories posted mixed results, as follows: accounts receivable increased (+14.7%); other short-term funds increased (+17.8%); Government of Canada treasury bills increased (+19.1%); cash, deposits and guaranteed investment certificates decreased (-2.1%); accrued interest and dividends receivable increased (+1.0%); and life insurance annuities decreased (-13.9%).
Canadian bonds (-6.7%) and Canadian equities (-1.0%) fell in the first quarter, while year over year, Canadian bonds rose 3.7% and Canadian equities fell 1.5%.
Overall, domestic assets fell 1.9% in the first quarter and rose 4.6% year over year. Foreign assets dropped 5.6% in the first quarter, while still gaining 5.7% year over year.
Source: https://www150.statcan.gc.ca/n1/daily-quotidien/220914/dq220914e-eng.htm
Geopolitics - Risk and Threats - Variants and Disease Management - August 27,...paul young cpa, cga
Blog – Geopolitical Risks and Threats – Future Pandemics and Viruses – August 27, 2022
All levels of government need to establish short-term and long-term plans to address the healthcare delivery model.
Seniors continue to face many challenges including high cost of living and access to affordable housing. Federal government if they were serious would raise the GIS threshold from 19K to 40K.
It is time to get serious about assisted living and retirement living for seniors. Housing costs continue to be an issue! Little is said by all levels of government looking at their vacant/abandon properties as way to build more affordable housing.
Little is said about how best to boost immune system through better dieting practices.
Little is said about developing more health and wellness programs for every age group as part of encouraging a healthy lifestyle
Telling people to continue to take vaccines is no long-term solution to battling future viruses and pandemics.
Cost of Living (Inflation) - United States - March 2022.pptxpaul young cpa, cga
Inflation is highest since 1981. Carter was the president - https://www.thebalance.com/president-jimmy-carter-s-economic-policies-4586571
Biden was around during those times - https://www.britannica.com/biography/Joe-Biden
The economy grew at an annualized rate of 3.1 per cent in the first quarter, helped by business investment and household spending, Statistics Canada said Tuesday.
The result was down from an annualized rate of 6.6 per cent in the fourth quarter of 2021.
Statistics Canada said the change came as export volumes dropped 2.4 per cent for the quarter, following two consecutive quarterly increases.
Meanwhile, the agency said household spending rose 0.8 per cent in the first quarter, to mark a third consecutive quarterly increase.
Spending on durable goods gained 2.6 per cent in the first quarter, helped by a 16.1 per cent increase in spending on new passenger cars and a 3.5 per cent gain for new trucks, vans and sport utility vehicles.
Source - https://ca.finance.yahoo.com/news/statistics-canada-release-gdp-figures-080000031.html
Durable Goods and Capital Spending - USA - Durable Goods - March 2022.pptxpaul young cpa, cga
Bookings for durable goods -- items meant to last at least three years -- increased 0.8% in March after a revised 1.7% decline a month earlier, Commerce Department figures showed Tuesday. The figures aren’t adjusted for inflation.
The value of core capital goods orders, a proxy for investment in equipment that excludes aircraft and military hardware, rose by a larger-than-forecast 1%.
https://ca.finance.yahoo.com/news/u-durable-goods-orders-rise-123253220.html
What is next for Monetary Policies - Canada - September 2022.pptxpaul young cpa, cga
Blog – What is next for Monetary Policies – Canada – September 2022
Canada has struggled with productivity issues for over 20 years. The liberals have done little address productivity including making changes to tax code related to capital cost allowance, R&D credits, training credits, etc.
Canada lock down strategy and stimulus has led to higher inflation. Liberals never had a plan to pull back on the stimulus through targeted measures that would better support improving supply chain, productivity, skills gap, and innovation
Canadian dollar has hit a two-year low,
Canada housing market was artificially kept high for years. The housing prices continue to fall.
Canada needs to revamp its tax and regulatory policies as part of getting goods out of the ground to market
Bank of Canada - What is next for Monetary Policies - April 2022 (Revised Mar...paul young cpa, cga
Canada inflation rate hit nearly 7% for March 2022. Canada has one of the highest inflation rates in the G7.
Higher interest rates mean less cash for retail sales
Government continues to push their green agenda driving more green inflation
Bank of Canada hikes interest rates to combat High Inflation and High cost of...paul young cpa, cga
Summary:
High inflation is here to stay for awhile due to failed agendas of government.
Mitigating climate change is very important. The mitigation should be done through better policy including how to best support cheap energy costs. The focus should also be on policies and programs that support the green and circular economy.
Canada has lost it ways when it comes to encouraging innovation within the private and public sector. Trudeau policies have been a failure!
Liberals around the world should revisiting their so-called carbon pricing schemes. There is a better approach to protecting the environment while growing the economy in a sustainable way. https://www.slideshare.net/paulyoungcga/how-the-public-and-private-sector-can-better-supoort-the-circular-and-green-economies
Housing costs continue to rise! https://www.ctvnews.ca/business/interest-rate-hike-won-t-cool-housing-say-experts-1.5802515
1. Interest rates - https://wowa.ca/bank-of-canada-interest-rate
2. First interest hike since 2018 - https://www.bnnbloomberg.ca/bank-of-canada-hikes-rates-for-first-time-since-2018-1.1731177
3. Inflation - https://globalnews.ca/news/8654004/canada-interest-rate-hike-march-2022/
4. Inflation - https://www.bnnbloomberg.ca/boc-will-have-to-kill-the-economy-to-crush-inflation-rosenberg-1.1731579
5. UBI - https://www.ubiworks.ca/howtopay
6. Green inflation - https://www.advisor.ca/investments/market-insights/green-energy-low-supply-to-drive-copper-prices/
7. Inflation - https://www.bloomberg.com/opinion/articles/2022-03-02/biden-state-of-union-proposals-would-do-little-to-curb-inflation
8. Energy - https://www.tester.senate.gov/?p=press_release&id=8934
9. Oil - https://www.jwnenergy.com/article/2022/3/2/mayhem-reigns-in-oil-markets-as-traders-avoid-russ/
10. LNG - https://www.bnnbloomberg.ca/threat-to-europe-gas-supply-bolsters-push-on-new-u-s-lng-plants-1.1731478
11. Food security - https://www.newsweek.com/war-ukraine-global-food-security-crisis-opinion-1683791
12. Housing affordability - https://betterdwelling.com/canadian-housing-affordability-hits-the-worst-level-since-the-last-bubble-nbf/
13. Commodities - https://www.bloomberg.com/markets/commodities
Summary:
There was a budgetary deficit of $3.9 billion in July 2022, compared to a deficit of $10.9 billion in July 2021. The budgetary deficit before net actuarial losses was $3.0 billion, compared to a deficit of $9.6 billion in the same period of 2021-22. The budgetary balance before net actuarial losses is intended to supplement the traditional budgetary balance and improve the transparency of the government’s financial reporting by isolating the impact of the amortization of net actuarial losses arising from the revaluation of the government’s pension and other employee future benefit plans.
As expected, the government’s 2022-23 financial results continue to improve compared to the peak of the COVID-19 crisis and the unprecedented level of temporary COVID-19 response measures at the time.
Source – Government of Canada
Geopolitics - Risk and Threats - Variants and Disease Management - August 20,...paul young cpa, cga
Blog – How to better managed Geopolitical Events and Risks
Both the private and public sector continue to face geopolitical risks and threats. More need to be done to safeguard assets as well as protecting lives of everyone.
Healthcare continues to face crisis. The staffing issues will take many different steps including more seats at medical and nursing schools. Certification of nurses needs to be sped up, especially foreign-trained and out of province nurses.
All levels of government need to eliminate red tape and miss management of precious healthcare dollars. LHINS and CCAC should be disbanded. Hospitals and Health Centers should report monthly into the government as part of better transparency around patient care.
Privatization options need to be expanded. Oversight into privatization of healthcare will required more audited F/S including key metrics.
Inflation (Cost of Living) - United States - September 2022.pptxpaul young cpa, cga
Summary:
US consumer price inflation surprised on the upside once again as rapid increases in housing costs, medical care, food and airline fares offset signs of moderation elsewhere. The Fed has admitted it is prepared to inflict economic pain to get a grip on inflation and today's report will ensure at least another 75bp rate hike in November and 50bp in December
Source - https://think.ing.com/articles/40-year-high-for-us-core-inflation-heaps-pressure-on-the-fed/
Geopolitical Events| Vaccines Distribution| Canada| April 23, 2021paul young cpa, cga
Blog – Geopolitical Risks – COVID19
1. Israel is leading the world in terms of vaccinations - https://www.israelhayom.com/2021/04/19/in-another-sign-of-economic-recovery-deficit-drops-to-12-of-gdp/
2. Vaccines vs. new variants - https://www.healthline.com/health-news/covid-19-vaccines-are-still-effective-amid-rising-number-of-variants
3. https://vdata.nikkei.com/en/newsgraphics/coronavirus-vaccine-status/ - Canada has the contracts in terms of vaccinations - https://vdata.nikkei.com/en/newsgraphics/coronavirus-vaccine-status/. However, the problem has been with getting the vaccines - https://www.reuters.com/business/healthcare-pharmaceuticals/moderna-ceo-says-world-faces-2022-covid-vaccine-production-surplus-2021-04-23/
4. Jobs are not coming back - https://mises.org/wire/jobless-recovery-coming-europe
5. GDP risks - https://www.swissre.com/media/news-releases/nr-20210422-economics-of-climate-change-risks.html
6. Small businesses and global supply chain - https://covid19.etradeforall.org/news/the-effects-of-the-covid-19-pandemic-on-small-businesses-and-global-value-chains/
7. Global ESG reporting standards are coming - https://www.fastcompany.com/90627951/5-things-you-need-to-know-about-the-future-of-esg-reporting or https://ibm.box.com/s/vmyitcackqevvm1hcxv7wke6gudrpnce
8. Rise of inflation - https://www.forbes.com/sites/forbesbusinesscouncil/2021/04/20/how-global-inflation-will-affect-businesses-and-how-they-can-prepare/?sh=2acd31e43754
9. More automation - https://cio.economictimes.indiatimes.com/news/corporate-news/48-of-businesses-to-increase-robotic-process-automation-study/77253416
10. Housing - https://time.com/5953380/climate-housing-crisis/ or https://financialpost.com/news/economy/the-housing-boom-central-banks-and-the-inflation-conundrum-2
Canada - Fiscal Management - Deficit and Debt - May 2022.pptxpaul young cpa, cga
Blog – Public Sector – What is next for Canada – June 2022
The federal public services have expanded by over 50K job and yet there are backlogs with passports, immigration, and other areas of government
Federal government deficits pre-covid nineteen did little to address productivity, innovation, skills gaps, and affordable housing.
Canada per capita GDP trails other countries like Qatar https://georank.org/economy/canada/qatar and Australia https://georank.org/economy/australia/canada
Canada continues to struggle with high inflation - https://www.cbc.ca/news/politics/chrystia-freeland-inflation-1.6501750
Economic and Fiscal Scorecard| The United States| June 2021 and July 2021paul young cpa, cga
Blog – Canada – Economic and Fiscal Scorecard – June 2021 and July 2021
1. Inflation - https://www.bnnbloomberg.ca/inflation-expectations-spike-to-record-at-canadian-businesses-1.1644394
2. The Mfg. plan, should is based on four pillars – workforce, innovation, exports, and a net-zero strategy https://www.canadianmanufacturing.com/manufacturing/cme-manufacturers-call-for-a-concrete-plan-on-economic-recovery-272714/ You would think good-paying jobs would be Trudeau's focus, right? Nope attacking Harper is the focus. https://www.slideshare.net/paulyoungcga/manufacturing-canada-june-2021
3. https://www.nationalnewswatch.com/2021/08/30/food-processors-want-action-from-the-next-federal-government/#.YSzGdN8pDQx If food processors want better policies, then they should not be voting for either @theJagmeetSingh or @JustinTrudeau as all they know how to do is tax and spend! https://www.slideshare.net/paulyoungcga/agriculture-and-farm-equipment-sector-july-2021@CPC_HQ
4. Job vacancies - https://thoughtleadership.rbc.com/are-sky-high-job-vacancies-in-canada-around-for-a-while/
5. Circular economy - https://www.hilltimes.com/2021/08/25/canada-and-the-nordic-countries-are-allies-in-transitioning-to-a-circular-economy-envoys/312761
6. Housing - https://betterdwelling.com/canadian-housing-affordability-got-worse-under-trudeau-but-did-he-do-the-worst/
7. USA and Canada Trade - https://www.hilltimes.com/2021/08/30/reliance-on-u-s-remains-a-threat-to-canadian-economy/314006
8. Climate change - https://www.corporateknights.com/responsible-investing/why-are-canadian-pensions-risking-our-future-by-funding-fossil-fuel-expansion/
9. International support - https://www.international.gc.ca/gac-amc/publications/odaaa-lrmado/report-rapport-18-19.aspx?lang=eng
10. Infrastructure - https://www.hilltimes.com/2021/08/25/transportation-infrastructure-key-for-canadas-economic-recovery/313242
Fiscal and Economic Scorecar| The United States| December 2021 and November 2021paul young cpa, cga
Blog – Economic and Fiscal Scorecard – The United States – December 2021 and November 2021
The USA show a strong GDP growth for 2021.
The USA healthcare system continues to face many challenges.
Wage growth hit the highest growth in decades.
High inflation and the cost of housing are big concerns for Americans.
Business automation continues to be a key focus areas for both the private and public Sectors.
1. USA GDP - https://www.piie.com/blogs/realtime-economic-issues-watch/us-economy-grew-faster-expected-2021-pandemic-transformed-its
2. Stock market - https://www.marketwatch.com/story/here-are-the-good-things-rbc-sees-in-the-u-s-stock-market-following-januarys-selloff-11643660195
3. Overworked - https://20somethingfinance.com/american-hours-worked-productivity-vacation/
4. Productivity - https://www.forbes.com/sites/forbestechcouncil/2022/01/25/fixed-broadband-network-performance-key-to-us-productivity/?sh=7f8f8526333c
5. Wages - https://www.piie.com/blogs/realtime-economic-issues-watch/us-wages-grew-fastest-pace-decades-2021-prices-grew-even-more
6. Fab production - https://www.fierceelectronics.com/electronics/chip-fabs-are-coming-us-will-there-be-enough-skilled-workers
7. Critical metals - https://ca.proactiveinvestors.com/companies/news/972757/australian-strategic-materials-well-funded-to-advance-critical-metals-asset-in-nsw-and-south-korean-value-add-972757.html
8. Circular and green economy - https://www2.deloitte.com/global/en/pages/energy-and-resources/articles/reshaping-traditional-value-chains.html
9. Food costs - https://www.kwtx.com/2022/01/31/grocery-store-prices-continue-rise-amid-inflation-supply-chain-issues/
10. Housing - https://www.fox5atlanta.com/money/homeownership-prices-rise-affordability-falls
11. Healthcare - https://www.fox5atlanta.com/money/homeownership-prices-rise-affordability-falls
12. Automation - https://www.protocol.com/enterprise/google-cloud-automation-anywhere-rpa
13. Business trends - https://www.protocol.com/enterprise/google-cloud-automation-anywhere-rpa
14. RPA - https://enterprisersproject.com/article/2022/1/4-robotic-process-automation-rpa-trends-watch-2022
Geopolitics - Risk and Threats - Variants and Disease Management - August 27,...paul young cpa, cga
Blog – Geopolitical Risks and Threats – Future Pandemics and Viruses – August 27, 2022
All levels of government need to establish short-term and long-term plans to address the healthcare delivery model.
Seniors continue to face many challenges including high cost of living and access to affordable housing. Federal government if they were serious would raise the GIS threshold from 19K to 40K.
It is time to get serious about assisted living and retirement living for seniors. Housing costs continue to be an issue! Little is said by all levels of government looking at their vacant/abandon properties as way to build more affordable housing.
Little is said about how best to boost immune system through better dieting practices.
Little is said about developing more health and wellness programs for every age group as part of encouraging a healthy lifestyle
Telling people to continue to take vaccines is no long-term solution to battling future viruses and pandemics.
Cost of Living (Inflation) - United States - March 2022.pptxpaul young cpa, cga
Inflation is highest since 1981. Carter was the president - https://www.thebalance.com/president-jimmy-carter-s-economic-policies-4586571
Biden was around during those times - https://www.britannica.com/biography/Joe-Biden
The economy grew at an annualized rate of 3.1 per cent in the first quarter, helped by business investment and household spending, Statistics Canada said Tuesday.
The result was down from an annualized rate of 6.6 per cent in the fourth quarter of 2021.
Statistics Canada said the change came as export volumes dropped 2.4 per cent for the quarter, following two consecutive quarterly increases.
Meanwhile, the agency said household spending rose 0.8 per cent in the first quarter, to mark a third consecutive quarterly increase.
Spending on durable goods gained 2.6 per cent in the first quarter, helped by a 16.1 per cent increase in spending on new passenger cars and a 3.5 per cent gain for new trucks, vans and sport utility vehicles.
Source - https://ca.finance.yahoo.com/news/statistics-canada-release-gdp-figures-080000031.html
Durable Goods and Capital Spending - USA - Durable Goods - March 2022.pptxpaul young cpa, cga
Bookings for durable goods -- items meant to last at least three years -- increased 0.8% in March after a revised 1.7% decline a month earlier, Commerce Department figures showed Tuesday. The figures aren’t adjusted for inflation.
The value of core capital goods orders, a proxy for investment in equipment that excludes aircraft and military hardware, rose by a larger-than-forecast 1%.
https://ca.finance.yahoo.com/news/u-durable-goods-orders-rise-123253220.html
What is next for Monetary Policies - Canada - September 2022.pptxpaul young cpa, cga
Blog – What is next for Monetary Policies – Canada – September 2022
Canada has struggled with productivity issues for over 20 years. The liberals have done little address productivity including making changes to tax code related to capital cost allowance, R&D credits, training credits, etc.
Canada lock down strategy and stimulus has led to higher inflation. Liberals never had a plan to pull back on the stimulus through targeted measures that would better support improving supply chain, productivity, skills gap, and innovation
Canadian dollar has hit a two-year low,
Canada housing market was artificially kept high for years. The housing prices continue to fall.
Canada needs to revamp its tax and regulatory policies as part of getting goods out of the ground to market
Bank of Canada - What is next for Monetary Policies - April 2022 (Revised Mar...paul young cpa, cga
Canada inflation rate hit nearly 7% for March 2022. Canada has one of the highest inflation rates in the G7.
Higher interest rates mean less cash for retail sales
Government continues to push their green agenda driving more green inflation
Bank of Canada hikes interest rates to combat High Inflation and High cost of...paul young cpa, cga
Summary:
High inflation is here to stay for awhile due to failed agendas of government.
Mitigating climate change is very important. The mitigation should be done through better policy including how to best support cheap energy costs. The focus should also be on policies and programs that support the green and circular economy.
Canada has lost it ways when it comes to encouraging innovation within the private and public sector. Trudeau policies have been a failure!
Liberals around the world should revisiting their so-called carbon pricing schemes. There is a better approach to protecting the environment while growing the economy in a sustainable way. https://www.slideshare.net/paulyoungcga/how-the-public-and-private-sector-can-better-supoort-the-circular-and-green-economies
Housing costs continue to rise! https://www.ctvnews.ca/business/interest-rate-hike-won-t-cool-housing-say-experts-1.5802515
1. Interest rates - https://wowa.ca/bank-of-canada-interest-rate
2. First interest hike since 2018 - https://www.bnnbloomberg.ca/bank-of-canada-hikes-rates-for-first-time-since-2018-1.1731177
3. Inflation - https://globalnews.ca/news/8654004/canada-interest-rate-hike-march-2022/
4. Inflation - https://www.bnnbloomberg.ca/boc-will-have-to-kill-the-economy-to-crush-inflation-rosenberg-1.1731579
5. UBI - https://www.ubiworks.ca/howtopay
6. Green inflation - https://www.advisor.ca/investments/market-insights/green-energy-low-supply-to-drive-copper-prices/
7. Inflation - https://www.bloomberg.com/opinion/articles/2022-03-02/biden-state-of-union-proposals-would-do-little-to-curb-inflation
8. Energy - https://www.tester.senate.gov/?p=press_release&id=8934
9. Oil - https://www.jwnenergy.com/article/2022/3/2/mayhem-reigns-in-oil-markets-as-traders-avoid-russ/
10. LNG - https://www.bnnbloomberg.ca/threat-to-europe-gas-supply-bolsters-push-on-new-u-s-lng-plants-1.1731478
11. Food security - https://www.newsweek.com/war-ukraine-global-food-security-crisis-opinion-1683791
12. Housing affordability - https://betterdwelling.com/canadian-housing-affordability-hits-the-worst-level-since-the-last-bubble-nbf/
13. Commodities - https://www.bloomberg.com/markets/commodities
Summary:
There was a budgetary deficit of $3.9 billion in July 2022, compared to a deficit of $10.9 billion in July 2021. The budgetary deficit before net actuarial losses was $3.0 billion, compared to a deficit of $9.6 billion in the same period of 2021-22. The budgetary balance before net actuarial losses is intended to supplement the traditional budgetary balance and improve the transparency of the government’s financial reporting by isolating the impact of the amortization of net actuarial losses arising from the revaluation of the government’s pension and other employee future benefit plans.
As expected, the government’s 2022-23 financial results continue to improve compared to the peak of the COVID-19 crisis and the unprecedented level of temporary COVID-19 response measures at the time.
Source – Government of Canada
Geopolitics - Risk and Threats - Variants and Disease Management - August 20,...paul young cpa, cga
Blog – How to better managed Geopolitical Events and Risks
Both the private and public sector continue to face geopolitical risks and threats. More need to be done to safeguard assets as well as protecting lives of everyone.
Healthcare continues to face crisis. The staffing issues will take many different steps including more seats at medical and nursing schools. Certification of nurses needs to be sped up, especially foreign-trained and out of province nurses.
All levels of government need to eliminate red tape and miss management of precious healthcare dollars. LHINS and CCAC should be disbanded. Hospitals and Health Centers should report monthly into the government as part of better transparency around patient care.
Privatization options need to be expanded. Oversight into privatization of healthcare will required more audited F/S including key metrics.
Inflation (Cost of Living) - United States - September 2022.pptxpaul young cpa, cga
Summary:
US consumer price inflation surprised on the upside once again as rapid increases in housing costs, medical care, food and airline fares offset signs of moderation elsewhere. The Fed has admitted it is prepared to inflict economic pain to get a grip on inflation and today's report will ensure at least another 75bp rate hike in November and 50bp in December
Source - https://think.ing.com/articles/40-year-high-for-us-core-inflation-heaps-pressure-on-the-fed/
Geopolitical Events| Vaccines Distribution| Canada| April 23, 2021paul young cpa, cga
Blog – Geopolitical Risks – COVID19
1. Israel is leading the world in terms of vaccinations - https://www.israelhayom.com/2021/04/19/in-another-sign-of-economic-recovery-deficit-drops-to-12-of-gdp/
2. Vaccines vs. new variants - https://www.healthline.com/health-news/covid-19-vaccines-are-still-effective-amid-rising-number-of-variants
3. https://vdata.nikkei.com/en/newsgraphics/coronavirus-vaccine-status/ - Canada has the contracts in terms of vaccinations - https://vdata.nikkei.com/en/newsgraphics/coronavirus-vaccine-status/. However, the problem has been with getting the vaccines - https://www.reuters.com/business/healthcare-pharmaceuticals/moderna-ceo-says-world-faces-2022-covid-vaccine-production-surplus-2021-04-23/
4. Jobs are not coming back - https://mises.org/wire/jobless-recovery-coming-europe
5. GDP risks - https://www.swissre.com/media/news-releases/nr-20210422-economics-of-climate-change-risks.html
6. Small businesses and global supply chain - https://covid19.etradeforall.org/news/the-effects-of-the-covid-19-pandemic-on-small-businesses-and-global-value-chains/
7. Global ESG reporting standards are coming - https://www.fastcompany.com/90627951/5-things-you-need-to-know-about-the-future-of-esg-reporting or https://ibm.box.com/s/vmyitcackqevvm1hcxv7wke6gudrpnce
8. Rise of inflation - https://www.forbes.com/sites/forbesbusinesscouncil/2021/04/20/how-global-inflation-will-affect-businesses-and-how-they-can-prepare/?sh=2acd31e43754
9. More automation - https://cio.economictimes.indiatimes.com/news/corporate-news/48-of-businesses-to-increase-robotic-process-automation-study/77253416
10. Housing - https://time.com/5953380/climate-housing-crisis/ or https://financialpost.com/news/economy/the-housing-boom-central-banks-and-the-inflation-conundrum-2
Canada - Fiscal Management - Deficit and Debt - May 2022.pptxpaul young cpa, cga
Blog – Public Sector – What is next for Canada – June 2022
The federal public services have expanded by over 50K job and yet there are backlogs with passports, immigration, and other areas of government
Federal government deficits pre-covid nineteen did little to address productivity, innovation, skills gaps, and affordable housing.
Canada per capita GDP trails other countries like Qatar https://georank.org/economy/canada/qatar and Australia https://georank.org/economy/australia/canada
Canada continues to struggle with high inflation - https://www.cbc.ca/news/politics/chrystia-freeland-inflation-1.6501750
Economic and Fiscal Scorecard| The United States| June 2021 and July 2021paul young cpa, cga
Blog – Canada – Economic and Fiscal Scorecard – June 2021 and July 2021
1. Inflation - https://www.bnnbloomberg.ca/inflation-expectations-spike-to-record-at-canadian-businesses-1.1644394
2. The Mfg. plan, should is based on four pillars – workforce, innovation, exports, and a net-zero strategy https://www.canadianmanufacturing.com/manufacturing/cme-manufacturers-call-for-a-concrete-plan-on-economic-recovery-272714/ You would think good-paying jobs would be Trudeau's focus, right? Nope attacking Harper is the focus. https://www.slideshare.net/paulyoungcga/manufacturing-canada-june-2021
3. https://www.nationalnewswatch.com/2021/08/30/food-processors-want-action-from-the-next-federal-government/#.YSzGdN8pDQx If food processors want better policies, then they should not be voting for either @theJagmeetSingh or @JustinTrudeau as all they know how to do is tax and spend! https://www.slideshare.net/paulyoungcga/agriculture-and-farm-equipment-sector-july-2021@CPC_HQ
4. Job vacancies - https://thoughtleadership.rbc.com/are-sky-high-job-vacancies-in-canada-around-for-a-while/
5. Circular economy - https://www.hilltimes.com/2021/08/25/canada-and-the-nordic-countries-are-allies-in-transitioning-to-a-circular-economy-envoys/312761
6. Housing - https://betterdwelling.com/canadian-housing-affordability-got-worse-under-trudeau-but-did-he-do-the-worst/
7. USA and Canada Trade - https://www.hilltimes.com/2021/08/30/reliance-on-u-s-remains-a-threat-to-canadian-economy/314006
8. Climate change - https://www.corporateknights.com/responsible-investing/why-are-canadian-pensions-risking-our-future-by-funding-fossil-fuel-expansion/
9. International support - https://www.international.gc.ca/gac-amc/publications/odaaa-lrmado/report-rapport-18-19.aspx?lang=eng
10. Infrastructure - https://www.hilltimes.com/2021/08/25/transportation-infrastructure-key-for-canadas-economic-recovery/313242
Fiscal and Economic Scorecar| The United States| December 2021 and November 2021paul young cpa, cga
Blog – Economic and Fiscal Scorecard – The United States – December 2021 and November 2021
The USA show a strong GDP growth for 2021.
The USA healthcare system continues to face many challenges.
Wage growth hit the highest growth in decades.
High inflation and the cost of housing are big concerns for Americans.
Business automation continues to be a key focus areas for both the private and public Sectors.
1. USA GDP - https://www.piie.com/blogs/realtime-economic-issues-watch/us-economy-grew-faster-expected-2021-pandemic-transformed-its
2. Stock market - https://www.marketwatch.com/story/here-are-the-good-things-rbc-sees-in-the-u-s-stock-market-following-januarys-selloff-11643660195
3. Overworked - https://20somethingfinance.com/american-hours-worked-productivity-vacation/
4. Productivity - https://www.forbes.com/sites/forbestechcouncil/2022/01/25/fixed-broadband-network-performance-key-to-us-productivity/?sh=7f8f8526333c
5. Wages - https://www.piie.com/blogs/realtime-economic-issues-watch/us-wages-grew-fastest-pace-decades-2021-prices-grew-even-more
6. Fab production - https://www.fierceelectronics.com/electronics/chip-fabs-are-coming-us-will-there-be-enough-skilled-workers
7. Critical metals - https://ca.proactiveinvestors.com/companies/news/972757/australian-strategic-materials-well-funded-to-advance-critical-metals-asset-in-nsw-and-south-korean-value-add-972757.html
8. Circular and green economy - https://www2.deloitte.com/global/en/pages/energy-and-resources/articles/reshaping-traditional-value-chains.html
9. Food costs - https://www.kwtx.com/2022/01/31/grocery-store-prices-continue-rise-amid-inflation-supply-chain-issues/
10. Housing - https://www.fox5atlanta.com/money/homeownership-prices-rise-affordability-falls
11. Healthcare - https://www.fox5atlanta.com/money/homeownership-prices-rise-affordability-falls
12. Automation - https://www.protocol.com/enterprise/google-cloud-automation-anywhere-rpa
13. Business trends - https://www.protocol.com/enterprise/google-cloud-automation-anywhere-rpa
14. RPA - https://enterprisersproject.com/article/2022/1/4-robotic-process-automation-rpa-trends-watch-2022
Similar to Scorecard - Key Metrics - The United States - June 2022 and July 2022.pptx (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
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@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.
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...beulahfernandes8
The financial landscape in India has witnessed a significant development with the recent collaboration between Poonawalla Fincorp and IndusInd Bank.
The launch of the co-branded credit card, the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card, marks a major milestone for both entities.
This strategic move aims to redefine and elevate the banking experience for customers.
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
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.
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
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
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
2. PAUL YOUNG - BIO
• CPA, CGA (1996)
• Academia (PF1, FA4, FN2, MU1. and MS2)
• SME – Customer Success Management
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Emerging Technology
• SME – Business Process Change
• SME – Financial Solutions
• SME – Macro/Micro Indicators
• SME – Supply Chain Management
• SME – Data, AI, Security, and Platform
• SME – Internal Controls and Auditing
Contact information email: Paul_Young_CGA@hotmail.com
LinkedIn: https://www.linkedin.com/in/paul-young-055632b/
SlideShare - https://www.slideshare.net/paulyoungcga
Twitter: https://twitter.com/paulyoungcpa
Youtube - https://www.youtube.com/user/youngercga1968/videos
3. AGENDA
• KPI (Macro and Micro Indicators
• USA GDP
• Analysis of Durable Goods
• Retail Sales / USA
• CPI – Inflation
• USA Employment
• Merchandise Trade
• Stock Market
• Wage Growth Analysis
• Housing Market – USA
• Fiscal Update / CBO
• USA Border / Texas
• USA Income
• Housing
• Summary
8. USA VS CANADA – RETAIL SALES
BMO -
https://economics.bmo.com/en/publications/detail
/28fc76ba-ec67-4139-b7be-89b1a2a53ca8/
BMO -
https://economics.bmo.com/en/publications/detail/495
73e1b-9a30-4470-bc00-97de644d0b60/
BMO - USA Retail
Sales - July 2022.pdf
BMO - Retail Sales -
Canada - June 2022.pdf
9. DURABLE GOODS / KEY AREAS – USA
Source - https://www.census.gov/economic-indicators/index.php
Durable Goods -
Census - USA.pdf
10. THE USA – TARGET Global Forecast -
May 2022.pdf
• Inflation to hit a target of 1.9% to 2.2% range will require a drastic shift in policies. The USA like
many countries has issues with innovation, skill gaps, productivity, government fiscal gap, and
household debt.
• Inflation new target likely needs to be 3.5% to 4.1% due to shift of both the public and private
sector to ESG reporting and the green economy.
Inflation - USA - July
2022.pdf
21. SUMMARY
PRESENTATION TITLE 21
Summary
• Concerns over housing debt and affordable housing are driving down markets
• Access to critical metals has become a growing concerns for countries trying to shift to cleaner economic policies
• Lack of focus on systemic issues with inflation
• Supply chain disruptions continue to plague global supply chains
• High inflation is challenge for global central banks
• Threat of recession continues to rise each week
• Bear market could lead to issues with pension solvency
Blog – Stock Market performance for the WE August 25, 2022
BMO - https://economics.bmo.com/en/publications/detail/a1067254-8ff8-4865-8c8d-c4ba4e2c5903/
WestpacWeekly2022
0822.pdf
Personal Income and
Consumption - US A.pdf
BEA - Personal
Income and Consumption.pdf
BottomLine_2022082
6.pdf
globalweekahead202
20826.pdf
20222608_S tock
Market_BMO.pdf
Housing Costs.pdf Housing slump.pdf China and GDP
outlook.pdf
GDP - US A - July
2022.pdf
Commodities -
20222608.pdf
Commodities and
Government.pdf
Mexico and
Lithium.pdf
Germany and Canada
- Hydrogen - 20222606.pdf
Insurance and H2.pdf LNG and Canada.pdf LNG and Canada
Failures.pdf
Oil Pr oduction and
OPEC.pdf
https://www.slideshare.net/paulyoungcga/what-is-up-
with-the-stock-market-for-we-august-26-2022pptx
22. SUMMARY
PRESENTATION TITLE 22
Summary
• Concerns over housing debt and affordable housing are driving down markets
• Access to critical metals has become a growing concerns for countries trying to shift to cleaner economic policies
• Lack of focus on systemic issues with inflation
• Supply chain disruptions continue to plague global supply chains
• High inflation is challenge for global central banks
• Threat of recession continues to rise each week
• Bear market could lead to issues with pension solvency
Blog – Stock Market WE July 22, 2022
These Tech
Advancements Will Help You Take Your Business to the Next Level - EnosTech.com.pdf
Stock Market Rises In
Constructive Session; Tesla Nears Three-Week High Investor's Business Daily.pdf
Nvidia (NVDA)
Outpaces Stock Market Gains What You Should Know Nasdaq.pdf
Global Forecast -
BNS - 20222207.pdf
China's GDP expands
2.5_ in H1 - CGTN.pdf
China GDP Slows to
.4_, What Does that Mean for Future Demand AgWeb.pdf
Recession Now
Appears the Price to Pay for Beating Inflation.pdf
Strong US Dollar,
Trade Gap, Worse Inflation Globally - Bloomberg.pdf
Russia Is Working to
Create Own Price Benchmarks for Commodities - BNN Bloomberg.pdf
The commodity
supercycle is already crashing, blunting Canada’s growth and bruising the TSX - The Globe and Mail.pdf
The Unassuming
Economist Housing Market in Singapore.pdf
The State of Global
GHG Scope 3 Reporting - ESG Enterprise.pdf
Accounting industry
resilient, surpasses pre-pandemic levels StatCan.pdf
Europe's Disarray
Affects The US Economy And Geopolitics - An Opportunity In Peace Seeking Alpha.pdf
The world isn't ready
for the looming emerging-market debt crisis - Atlantic Council.pdf
Robert Lighthizer Has
a Protectionist’s Blind Spot - WSJ.pdf
India on course to
become world's fastest-growing economy, says RBI Reuters.pdf
How circular
materials can support the net-zero agenda McKinsey.pdf
Top Technology
Trends 2022 Mytechblog - My Tech Blog.pdf
US and 17 Allies
Attack Supply Chain Disruption, Sustainable Materials – Sourcing Journal.pdf
WestpacWeekly.pdf Global Forecast -
BNS - 20222207.pdf
economic-news-retail
-sales.pdf
monthly-economic-m
onitor.pdf
Lithium Americas
marks opening of lithium technical development center in Nevada - Canadian Manufacturing.pdf
Entreprendre
Sherbrooke receives over $450K from federal government - Canadian Manufacturing.pdf
Federal government
invests in supply chain capacity at Edmonton airport - Canadian Manufacturing.pdf
National retail sales
rose 2.2 per cent in May 2022 - Canadian Manufacturing.pdf
Federal government
invests over $2.5M in cleantech companies in southern Ont. - Canadian Manufacturing.pdf
Digital doubles In the
future, virtual versions of ourselves could predict our behaviour - Canadian Manufacturing.pdf
Economic
Indicators.pdf
weekly-economic-wat
ch.pdf
weekly-us-rec-dashb
oard.pdf
boc-policy-monitor.p
df
CFO to CEO Lean Into
the Unfamiliar.pdf
Bear in Mind.pdf
https://economics.bmo.com/en/publications/detail/fbfa4fe2-8827-4a68-801b-798c27b43167/
Summary:
U.S. stocks sank on Friday, dragged down by tech as social media weighed on the sector, but the
three major indexes closed out gains for the week.
At 4:08 PM ET, the Dow Jones Industrial Average was down 137 points, or 0.4%, while the
S&P 500 was down 0.9%, and the NASDAQ Composite fell 1.9%.
23. CBO – REPORT – JULY 2022
Source – CBO
CBO - Fiscal - July
2022.pdf
25. CORPORATE TAX AND THE UNITED STATES
Pillar 1 involves reallocation of profit and revised nexus rules and is concerned with what portion of profits should be taxed in the jurisdictions where clients or
users are located. Pillar Two contains an anti-base erosion mechanism to ensure that multinational enterprises pay a minimum level of tax.
“Pillar 2 will expand the taxable revenue collected globally from corporations by implementing a global minimum tax,” said Dicker. “They’re talking about a
minimum rate of 15%. The exact rate has not been decided yet. If a country where the effective tax rate is below 15%, then the home country where the
company is located can tax on the difference. For example, if a U.S. multinational is taxed in Ireland at 12%, then the U.S. can impose a tax to bring that
company up to the global rate. For any country that has a rate below15 %, the choice is to raise their rate or forgo the tax revenue and hand it over to the parent
to the parent country. Companies will be paying the same rate; it’s just a question of where they will pay it.”
Here is my updated work on the Office of Finance as it relates to audit, reporting challenges, managing the accounting standards, and other aspects of the
close, consolidate, and reporting cycle - https://ibm.box.com/s/x973uioy6ozwkzw7yvqaa07wdldp8gld
1. Business impact - https://www.mckinsey.com/business-functions/risk-and-resilience/our-insights/covid-19-implications-for-business
2. Data sharing - https://www.govtechreview.com.au/content/gov-digital/article/three-data-sharing-challenges-facing-public-sector-922138145
3. Digital - https://www.openaccessgovernment.org/embracing-a-new-era-of-public-sector-it-smart-sourcing/116903/
4. ESG - https://www.cfodive.com/news/companies-oppose-one-size-fits-all-sec-climate-disclosure-rule-survey/604547/
5. SPAC / restatements - https://www.cfodive.com/news/almost-90-percent-spacs-restate-financials/604267/
6. Cyber defense - https://cisomag.eccouncil.org/cisa-unveils-joint-cyber-defense-collaborative-to-boost-cybersecurity/
7. Fraud - https://www.quora.com/How-does-machine-learning-facilitate-fraud-detection
8. Real-time reporting - https://www.rtinsights.com/category/industry-insight/
9. Log analytics - https://neptune.ai/blog/machine-learning-approach-to-log-analytics
10. ESG - https://www.weforum.org/agenda/2021/08/now-time-for-action-on-sustainability-reporting/
Source - https://www.accountingtoday.com/news/international-agreements-spur-move-to-global-minimum-tax?position=editorial_1&campaignname=V2_ACT_Daily_20210503-
08102021&utm_source=newsletter&utm_medium=email&utm_campaign=V2_ACT_Daily_20210503%2B%27-
%27%2B08102021&bt_ee=Nq%2Fv7c3AMvoxz%2F6ThJ8wFssJSDsjTBGSjUtT53TmJ9QvzUau3wfriBrnT0c44gCN&bt_ts=1628589736714
30. WHAT’S NEXT
• Ability of the United States along with other countries to roll out vaccinations as part of re-opening their
economy will be key over the next few months - https://www.slideshare.net/paulyoungcga/geopolitical-events-
vaccines-distribution-canada-march-20-2021
• All levels of government need to ensure their crisis/risk management reports are audited every year as part of
safeguarding assets from geopolitical events - https://www.slideshare.net/paulyoungcga/why-there-needs-to-
be-audited-reports-of-crisis-emergency-management-policies-and-procedures
• United States like many countries needs to review its policies related to the circular economy -
https://www.slideshare.net/paulyoungcga/how-to-maximized-the-circular-economy-244067365
• Aligning education with jobs of today and tomorrow will be key to supporting short-term and long-term
economic growth - https://www.slideshare.net/paulyoungcga/human-capital-management-skills-development-
analysis-and-commentary-february-2021
• Reforming global trade through modernization of WTO will be key part of reducing protectionism policies -
https://www.slideshare.net/paulyoungcga/merchandise-trade-usa-january-2021
• There needs to be global discussion on how best to reform both domestic and the global economy -
https://www.slideshare.net/paulyoungcga/what-is-next-for-the-global-economy-march-2021
Blog – Scorecard – Key Performance Metrics – The United States – June 2022 and July 2022
gdp2q22_2nd.pdf RBC Royal Bank and
GDP.pdf
Cdn GDP One Last
Reopening Gasp.pdf
Personal Income and
Outlays.pdf
Summary
United States GDP dropped for second straight quarter.
Over 11M job vacancies across the United States
Inflation continues to remain high. The Federal Reserve has commented that it will take years to bring
down the inflation rate to 2%.
What the Colorado
River Water Shortage Means for the U.S. — ProPublica.pdf
Top 10 AIIoT Trends
and Predictions to Look Out for in 2023.pdf
Top 10 Intelligent
Automation Trends to Lookout For in 2023.pdf
US Incomes,
Spending Post Sluggish Gains Even as Inflation Eases - BNN Bloomberg.pdf
American Rescue
Plan Providing Relief for Union Workers and Retirees AEBA.pdf
States that spend the
most on roads have some of the worst roads in America MoneyGeek.com.pdf
U.S. murder rates
stayed high last year but trend may be reversing.pdf
USA Job
Vacancies.pdf
Hospitality leads
employment growth in July Hotel Management.pdf
LNG Export In US To
Explore More Market Opportunities - mfame.guru.pdf
US Set to Ship
Record Crude Into 2023 as Energy Crisis Deepens - Bloomberg.pdf
Food Exports -
USA.pdf
Will Take 'A Few
Years' To Get US Inflation Back To 2_ Fed Official Barron's.pdf
Household debt tops
$16 trillion as inflation surges and rates rise & More Live News - NewsTimes.com.ng.pdf
How Renting Has
Changed Since The 2000s Housing Bubble And Great Recession.pdf
As More States
Follow California in Banning Sales of New Internal Combustion Engine Vehicles, Critical Minerals Demand Will Increase, NioCorp Says - Junior Mining Network.pdf
China’s Stimulus
Helps to Lift the Gloom Over Steel Markets - BNN Bloomberg.pdf
Exclusive Amogy on
ammonia for US hydrogen hubs.pdf
Green Energy Credits,
Carbon Offsets Due for Clearer Accounting.pdf
Slim new car
inventory keeps prices and profitability soaring.pdf
State Growth And
Debt Rank for 2022 - Charts.pdf
US to see renewable
energy boom in wake of historic climate bill Renewable energy The Guardian.pdf
1. Employment - https://www.hotelmanagement.net/operate/hospitality-leads-employment-
growth-july
2. LNG - https://mfame.guru/lng-export-in-us-to-explore-more-market-opportunities/
3. Oil https://mfame.guru/lng-export-in-us-to-explore-more-market-opportunities/
4. Food https://www.ers.usda.gov/topics/international-markets-u-s-trade/u-s-agricultural-
trade/outlook-for-u-s-agricultural-trade/
5. Inflation - https://www.barrons.com/news/will-take-a-few-years-to-get-us-inflation-back-to-2-
fed-official-01661877906
6. Household Debt - https://www.newstimes.com.ng/household-debt-tops-16-trillion-as-inflation-
surges-and-rates-rise-more-live-news/
7. Housing - https://www.forbes.com/sites/andrewdepietro/2022/08/31/how-renting-has-
changed-since-the-2000s-housing-bubble-and-great-recession/?sh=6c4f00203c76
8. Critical metals - https://www.juniorminingnetwork.com/junior-miner-news/press-releases/391-
tsx/nb/127099-as-more-states-follow-california-in-banning-sales-of-new-internal-combustion-
engine-vehicles-critical-minerals-demand-will-increase-niocorp-says.html
31. OTHER
SOURCES
• If you like to learn more
about trade and/or other
subjects as part of your
professional learning and,
development then feel free
to review my material on
https://www.udemy.com/
(search Paul Young CPA CGA
32. OTHER SOURCES
• You can additional information on USA via my SlideShare account -
https://www.slideshare.net/paulyoungcga
- https://www.slideshare.net/paulyoungcga/what-is-up-with-the-stock-market-july-22-2022pptx and https://www.slideshare.net/paulyoungcga/what-is-up-with-the-stock-market-for-we-august-12-2022pptx