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“…you need money to buy things; you earn money by working; you may have to wait to buy things you want; and there is a difference between things you want and things that you need…” Time Magazine, Nov 30, 2015
Article – Your kid’s financial education should start much earlier than you think – By Dan Kedlec
How do oceans say hello? They wave at each other!
Can kangaroo jump higher than a house? Of course, a house does not jump at all!
My dog used to chase people on a bike…it got so bad that I had to take it away!!
Knock…Know…who is there? FedEx…FedEx who?
FedEx will be there tomorrow!
What is the worst kind of cat?
What do you get when you cross snowman with vampire Frost-Bite.
What kind of Bill can you breath? Billionaire.
Why did Dino go to the hospital?
Because he was (Dino) “Saur”.
How do you make eleven even?
Take away the “el.”
How do you make seven even?
Take away the “s”
Why did the chicken cross the railroad track?
Because it wanted to get to the Chick train.
What is a duck on the 4th of July?
Knock, Knock…Who is there?Banana…Banana who? Banana…Banana who?Banana…Banana who? OR-ange…Aren’t you glad I didn’t say banana?
Are you 5?
No! I am not 5! I am 4.95 plus shipping and handling!
Knock knock…Who is there? Panther!Panther, who? PantH-or-no-PantH I am going Thwiming!
Laughs above are credited to kids and various sources.
Business fun facts!
Do you know the ancestry of American people? It is a melting pot of immigrants from all over the world. This trend continues even today. These immigrants make America what it is today and are an big part in the success of businesses today.
There are over 320 million Americans today. Ancestry of Americans include: Germans over 14%, African American 12%, Irish 12%, English 8%, Mexican 8%, Italian 6%, Hispanic 5%, French 4%, Polish Scottish, Dutch, Norwegian, Scotch-Irish, Native American, and Swedish are between 1-3% but add up to 11%. The rest are from other various countries.
In 2008, $3.3 Trillion was the total loss in value for the US housing market. In early 2006 housing market value was close to $9.4 Trillion..so almost 1/3rd of housing market value was lost due to housing, credit, and financial crisis!
Since 2008, close to 12 million jobs have been added to the job market! This has allowed many Americans to get back on track and recover from the recession. Unemployment rate is now below 5% from almost 10% in 2009 when financial markets caused the recession!
The DOW drops 865 points and now it goes negative for the year!
The DOW closed down 865 points or 3.41%, the S&P500 was down 66 points or 2.4%, and NASDAQ was down 115 points or 1.57% for the week ending March 2nd. The oil closed at $61.45 per barrel down $2.12 or 3.33%.
Year-To-Date (YTD) in 2018, the DOW is down -0.9%, S&P500 is up 0.8% and NASDAQ up 6.6%.In 2017 the DOW was up 25.1%, S&P500 up 19.4% and NASDAQ up 28.2%.
What caused the sell off? What is Tariff? What does it mean?No one knows for sure but one main news perhaps caused already jittery investors to sell was President Trumps’ announcement to increase Tariffs [a tax on import or export between sovereign nations] on steel by 25% and aluminum by 10%.
So what does it mean from business and economic perspective?
Simplest way to think about it is that when tax is raised it is paid by the consumers through increase in price which leads consumers to buy less leading to reduced demand, which in turns reduces business sales and profits, which in turn can lead business to hire less people, less jobs…which slows economy, and so on.
When tax is added or increased the consumer pays it at the time of buying. Think about candy box for $1.99+Tax, and now if the tax is higher the total price paid will be higher. So, to buy the same you will pay more! Assuming parents keep your allowance the same you will be left with less to buy more. You may even think twice to buy the same candy you liked in the first place…which can lead to less candy sale for the business, and so on.
So, who benefits? The raised tariffs on steel and aluminum will be collected by the US government, so it benefits from the tariffs but it does it at the cost of consumers of steel and aluminum who now have to pay this extra tax through the prices of things with steel and aluminum. In our daily lives we use and buy many things that has steel and aluminum. So, expect prices to rise, hence investors think that consumers will buy less of these things driving the demand of products made by companies lower, profits to be lower, and in turn less jobs, etc.