Archives of “January 8, 2019” day

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China Announces Huge Trade Deficit

  
  Education
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China announced on Saturday the first trade deficit within the last six years. Although a deficit was expected, nobody anticipated the numbers would reach $7.24 billion.

The last trade deficit in the country came in April of 2004 and was $2.26 billion.

For the month of March, the country’s imports totaled $119.35 billion and exports reached $112.11 billion. Both of these numbers are up drastically in comparison to March of 2009.

The deficit will more than likely turn around within the near future, but the numbers are enough to spark concern in the eyes of the Chinese.

The deficit in March mainly came from China’s trade with Taiwan, Japan and South Korea, Customs said, while it continued to run surpluses with the U.S. and the European Union. Those big trading partners have been among those arguing that China’s practice of keeping the yuan effectively pegged to the U.S. dollar gives its exporters an unfair advantage and contribute to the large trade surpluses.

All of this comes at a time when the United States and leaders throughout Europe are pushing China to increase the value of the yuan, which economist suspect is nearly 40% undervalued.

Step Outside Of Your Comfort Zone

  
  Education
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Each of us has a comfort zone. That area where everything seems to work like we desire, stress is almost non-existent and we can basically move forward with our eyes closed and not worry.

This might sound like the best way to trade, however, if we never strive to grow, to adjust, to refine to get better, we will actually fade away and regress instead of remaining comfortable.

It is a challenge to try new things because once we step outside of the area where we know 100% what we are doing, we will experience nervousness, mistakes, criticism, stress and more.

There is also a great amount of success awaiting those who will step forward and grow. Once we move outside of our comfort zone and enhance our trading skills, increase our trading, add to our strategies, etc. we will soon grow into these new skills and environments and in a very short amount of time, this will be our new comfort zone which will be the reward for moving forward instead of sitting still.

Remember… everything is difficult before it becomes easy.

Inspirational Quotes

  
Education, Life
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1. “Great spirits have always encountered violent opposition from mediocre minds.” – Albert Einstein

2. “Act now. There is never any time but now, and there never will be any time but now.” – Wallace Wattles

3. “We are what we repeatedly do. Excellence, then, is not an act, but a habit.” – Aristotle

4. “The greatest discovery of my generation is that a human being can alter his life by altering the attitudes of his mind.” – William James

5. “It is not the strongest of the species that survive, nor the most intelligent, but the one most responsive to change.” – Charles Darwin

6. “There is no passion to be found playing small – in settling for a life that is less than the one you are capable of living.” – Nelson Mandela

7. “In three words I can sum up everything I’ve learned about life: It goes on.” – Robert Frost

8. “You’ve got to win in your mind before you win in your life.” – John Addison

9. “Life shrinks or expands in proportion to one’s courage.” – Anais Nin

10. “An ounce of doing things is worth a pound of theorizing.” – Wallace Wattles

11. “The pessimist sees difficulty in every opportunity. The optimist sees the opportunity in every difficulty.” – Winston Churchill

12. “Our ultimate freedom is the right and power to decide how anybody or anything outside ourselves will affect us.” – Stephen Covey

13. “The aim of an argument or discussion should not be victory, but progress.” – Joseph Joubert

14. ”Destiny is not a matter of chance, it is a matter of choice; it is not a thing to be waited for, it is a thing to be achieved.” – Winston Churchill

15. “Don’t wait for a light to appear at the end of the tunnel Stride down there and light the bloody thing yourself.” – Dara Henderson

16. “Your life does not get better by chance, it gets better by change.” – Jim Rohn

17. “Vision without action is just a dream, action without vision just passes the time, vision with action can change the world” – Nelson Mandela

18. “Only those who will risk going too far can possibly find out how far one can go.” – T.S. Eliot

19. “To live is the rarest thing in the world. Most people exist, that is all.” – Oscar Wilde

20. “Freedom is not the absence of commitments, but the ability to choose yours.” – Paulo Coelho

21. “Conformity is the jailer of freedom and the enemy of growth.” – John F. Kennedy

22. “I am tomorrow, or some future day, what I establish today. I am today what I established yesterday or some previous day.” – James Joyce

23. “I have learned that it’s not WHAT I have in my life but WHO I have in my life that counts.” – Unknown

24. “Go confidently in the direction of your dreams. Live the life you have imagined.” – Henry David Thoreau

25. “If you don’t design your own life plan, chances are you’ll fall into someone else’s plan. And guess what they have planned for you? Not much.” – Jim Rohn (more…)

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