Taxes
After President Trump proudly signed an executive memorandum to slap tariffs on up to US$60 billion in Chinese imports on Thursday, the Dow Jones dropped 724 points. The U.S. DJIA plunged another 425 points on Friday after China strikes back with its own counter-tariff measures. It appeared the markets were sending a message to Trump. […]
... written on Mar 25 2018President Donald Trump, as anticipated, signed an executive memorandum that would impose tariffs on up to US$60 billion in Chinese imports on Thursday. Unlike the earlier tariffs of 25% on steel imports and 10% on aluminium imports signed earlier this month, the latest tariffs are designed to specifically punish China unfair trade practices with the U.S. […]
... written on Mar 23 2018Forget steel or aluminium. As President Trump finds that it’s not as easy as a walk in the park to punish China for dumping cheap steel and aluminium on American soil – without slapping the same tariffs on allies such as Canada or European Union – his administration may have found to way to punish […]
... written on Feb 23 2018Where is Donald Trump when we need him the most (*grin*)? Shouldn’t he take credit for the market plunge, the same way he bragged about a bull run under his watch? Obviously even the U.S. president couldn’t stop a flash crash, as what happened on Black Monday. After Friday’s 666 points crash, Monday saw Dow […]
... written on Feb 06 2018As the U.S. Treasury Department announced on Monday that it expects to borrow US$441 billion in the current January-March quarter, the largest amount in 8 years, more bad news comes in. The DJIA (Dow Jones Industrial Average) plunged 177.23 points, its biggest drop of 2018 after the 10-year treasury yield shot higher above 2.7% to reach its […]
... written on Jan 30 2018A month before Malaysia’s 13th general election on 5th May 2013, something quite interesting and amusing occurred behind closed doors. Opposition de-facto leader Anwar Ibrahim and then Prime Minister Najib Razak signed a secret agreement at the presence of former Indonesian vice-president Jusuf Kalla. Why was there such an agreement? The long and short […]
... written on Jan 29 2018If you’re not an American, chances are you would notice your local currency suddenly skyrockets. Keep calm and stop celebrating because it has nothing to do with a sudden boost in your country’s economy. Instead, the US dollar has suddenly plunged to a 3-year low and its biggest 1-day drop in 10 months simply because […]
... written on Jan 25 2018Time will tell if President Donald Trump’s first declaration of trade war is a smart or dumb move. It could be both, after he signed a pair of trade actions imposing steep tariffs on washing machines and solar panels. The move was, of course, to get his message out, that the taxes on imports “demonstrate […]
... written on Jan 24 2018We know that the rich is getting richer while the poor is getting poorer. We also know the world is unfair as far as wealth distribution is concerned. What we don’t know is how serious the problem has gotten year after year. At the start of 2015, Oxfam had warned that 1% of the world’s […]
... written on Jan 23 2018Apple’s CEO Tim Cook doesn’t like Donald Trump. It’s not hard to understand why Mr. Cook (a liberalist) and Mr. Trump (a nationalist) don’t see eye to eye – until now. The Apple chief had previously blamed the U.S. president as a white supremacist and a racist who promotes “hate and bigotry” in the United […]
... written on Jan 19 2018
