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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 o10n 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? CAT-astro-phe !
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!
US-China on my mind! The DOW down 218 points!
The DOW closed down 218 points or -0.83%, the S&P500 was down 27 points or -0.95%, and NASDAQ was down 65 points or -0.81% for the week ending May 10th. The feds kept the rates the same but the US-China trade deal (or not) spooked the investors. The oil was down -$0.15 or -0.24% to $61.71 per barrel.
Investors were hoping that US-China will arrive at some amicable solution. US, Chinese, and global economies are feeling the pain of US-China trade issues and associated uncertain outcome of these ongoing discussions between the two major economies.
What is Tariff? What does it mean? Click here for Volume 575.
This week US raised tariffs on $200B worth of Chinese goods from previous 10% to 25% as trade talks did not get concluded. US further threatened to raise tariffs on additional Chinese goods while China announced it will retaliate.
China needs at least above 7%Gross Domestic Product (GDP)growth rateto keep up with its ambitious economic reforms and employment. Most of the Chinese population lives outside of large and famous Chinese cities. These people are "migrants" who come to work at the large cities based on the Chinese government controlled labor permits. The labor unrest is one of the major risks if Chinese economy continues to slow down. The Chinese government realizes it as a national risk and it is encouraging its banks to lend more to stimulate slowing economy to keep up with the required economic growth and employment.
Year-To-Date (YTD) the DOW is up +11.2%, S&P500 is up +14.9% and NASDAQ is up +19.3%.
In 2018 the DOW was down -6.7%, S&P500 down -7.0% and NASDAQ down -4.6%. In 2017 the DOW was up 25.1%, S&P500 up 19.4% and NASDAQ up 28.2%
The Feds felt that the key economic indicators, such as,inflation,unemployment rate, and US economy all were is a good shape, however, theFederal Reserve is watching the key economic developments to assess if any change in the policy is warranted later in 2019. Fed now predicts that 2019 US GDP to be slightly lower from earlier forecast to now at 2.9%.