Around the age of 10, he read a book about how to make $1,000 and intuitively grasped the importance of time. In five years, $1,000 earning 10% would be worth more than $1,600; 10 years of 10% growth would turn it into nearly $2,600; in 25 years, it would amount to more than $10,800; in 50 years, it would compound to almost $117,400.
Today’s markets are as get-rich-quick as ever but the long game always wins.
White House Trade Adviser Navarro is now speaking with the Wall Street Journal denying the trade deal with China is over.
Peter Navarro declares trade deal with China is over
Risk trades getting smashed on the Navarro comments that trade deal with China is over
More on White House trade adviser Navarro announcing the trade deal with China is over
Navarro tells the WSJ his comment about China trade being “over” not as seems.
Says he was trying to make broader point about “trust.”
‘Its over’ was not about the phase 1 deal, that remains in place
OK, so the lack of comment from Trump was the tell – Navarro was wrong to say what he did. This is an epic f*ck up from Navarro. Says he was making a point about trust … what, not to trust a thing this idiot says?
Still, if you caught some of the moves its all good!
Haruyuki Takahashi is a member of the Tokyo Olympic Committee’s executive board, says if the Olympics can’t go ahead (scheduled to commence in July) the most realistic option would be to delay the event by one or two years
Japan has a lot riding on the success of the Games, huge investment has already been poured into preparation and a cancellation would have a terrible impact on tourism, retail and such.
Other execs have expressed confidence in proceeding as planned:
“Not a chance,” Tokyo 2020 Organizing Committee President Yoshiro Mori said Friday when asked whether the Games could be pushed back
Specifically points the finger to the Wall St Journal ForexLive “Washington, DC – Bob Davis and Lingling Wei at the Wall Street Journal, based on anonymous sources, have reported at least three times this week that the United States negotiators offered to cut by as much as one half the tariff rates on approximately $360 billion of Chinese imports in exchange for certain purchases.While we do not comment on the content of negotiations, we have said publicly and on the record that this is totally false, untrue and baseless.It did not happen. In addition and to be completely clear, we have personally, and on the record, told Mr. Davis and another Wall Street Journal reporter repeatedly that this is utterly false. No such offer was ever made to China by the United States. There is not a single knowledgeable American negotiator who would support this falsehood. Further, there is no Chinese negotiator who could honestly be this source.We will not speculate on why the Chinese or an American uninvolved with these negotiations would manipulate the story. This is another example of reporting on an important alleged event based on secret sources, some of which may have obvious bias. The Wall Street Journal should make very clear that those actually involved for the United States have so clearly indicated that they are untrue, fabricated falsehoods. It should also expose possible biases of the anonymous source.” was the article in question that they are specifically referencing. To be fair to the WSJ, there will also never be any proof to substantiate the claims made by the USTR above.
Via the WSJ a good in summary look at what will be the focus in the
Without signs of a sharper deterioration in economic data, officials on Wednesday may seek to tamp down on expectations that they will keep cutting rates-including at their final scheduled meeting of the year in December
At the same time, soft economic data of late could make officials uncomfortable delivering an “all clear” signal, particularly because any residual damage from the U.S.-China trade war may not yet be fully reflected.
The Journal characterize Powell press conference as him walking a tightrope given those two points they make.
Other metaphors include:
“The challenge is threading a needle where the eye has become extremely tiny,” said Ellen Zentner, chief U.S. economist at Morgan Stanley
The Wall Street Journal report second thoughts from big payment companies on the cryptocurrency.
Visa, Mastercard and other key financial partners that signed on to help build and maintain the Libra payments network are reconsidering their involvement following backlash from U.S. and European government officials, according to people familiar with the matter.
Wary of attracting regulatory scrutiny, executives of some of Libra’s backers have declined Facebook’s requests to publicly support the project, the people said.
Their reluctance has Facebook scrambling to keep Libra on track.