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For a long time in this forum, tonight I found a thread that contains poetry. Usually there are only discussions on economic issues, today it is a literary forum and this is very unique. I just want to appreciate the poetry that you wrote, continue to make the poetry, but then you can raise economic issues so that we can discuss together. I don't have the capacity for poetry so I can't give you any other input.
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Honestly half a billion dollars is nothing considering it is a whole nation that is putting up this money, just to give you an example USA has printed more than 4 trillion dollars and given that away to companies and people, 4 trillion vs 500 million, consider that.
I think the amount of money that the Australian government has spent in dealing with covid on the basis of digital technology is not a big or small issue of funds. But what matters most is how effective these policies will be in boosting their economies during this pandemic. The size of the funds does not guarantee the effectiveness of policies, but how well the government can manage these funds so that they are as effective as possible can have a big positive impact on the economy. Looking at the comparison of the countries you mentioned, it doesn't seem like apple to apple, it's clear that the US is one of the most densely populated countries while Australia is not that big. Looking at the number of victims of Covid, the US is the highest in the world, while Australia is not that high. So, it is no longer rational to compare them. |
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That's right, an increase in debt is inevitable. Debt is basically used to increase productivity, but this year debt is no longer running with its leverage function. Debt increases only due to securing a country's economy for a certain period of time. The government, which has increased in debt due to Covid, has made debt an alternative to safeguarding the socio-economic conditions of its people. The pandemic has exacerbated the amount of national debt, especially in developing countries. I hope, with the increase in debt, the government will be able to allocate it properly, so that the handling of Covid will end soon. Honestly, I'm really tired of the current situation.
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I am sad that you lost your job. My story during this pandemic is not much different from yours, I graduated this year without face-to-face activities, even just live streaming. I have not found a job so far, not one company has accepted me. Companies that usually open job vacancies now don't even recruit at all. Until now I still haven't worked and to be honest I sometimes experience depression as a result of this pandemic. My current entertainment is only cryptocurrency.
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almost half of the rules you gave is against my beliefs and lifestyle meaning i have no chance of becoming rich?
lol what about if i gamble and won a jackpot?i am automatically a millionaire .
i believe that becoming rich is a chance and destiny ,though there are also because of their perseverance and performance .
I disagree if I get rich only because of chance or destiny. I also never found anyone who could really get rich because of gambling or jackpot. Even your chances of jackpot are only 1: 1000000000 times the chance you give. You just hope that fate will say good to you. |
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Just when I saw number 9 I’ve solved this “wedding ring puzzle”. The lockdown period started on February/March/April. Lots of couples spent lot of time at home. Now the chicks are pregnant and insist on getting married. That is why number of sales increased. Mistery solved.
That's true, more number of pregnancies have happened during the lockdown. By the same time period lot of divorce have taken place. When couples spend lot of time together, will be caring for each other. The same when goes beyond certain limit, the same caring gets to be a disturbance. It is the time one needs to understand and go low, but every couple won't do it. This is how there is increase of wedding rings sales and increase of divorce rates  Really true, actually the solution to this case is when the couple is more patient and understands each other, supports each other, and lowers each other's egos. Covid-19 provides many valuable lessons for everyone. The increasing number of people selling wedding rings is clear evidence that Covid-19 has a bad impact not only on physical health but even mental health for many people. |
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Im caught between the middle of the question. Maybe its just a coincedence, and we cant put all the blame to Trump.. but apparently, the economy can be affected by the health condition of President Trump because he is the leader, he is always the final decision maker to everything about the country. In this trying times, we need to set aside the political issues and we just hope he will be better soonest as well as his wife who was also infected by covid-19.
Hopefully Trump and his wife get well soon, but the stock market's decline will not last long, because it will return to its original position. The issue of Trump being positive for Covid-19 is not a fundamental issue for investors, I am sure that in the future stock prices will go to a point before Trump tests positive. The media only enlarges the issue in order to attract readers' interest and this issue is used by some parties to do short selling. |
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hahaha, if you still insist on playing online gambling because of age limit rules, my advice is to take the identity of your family whose age meets the requirements to register and you can freely gamble online. Because I never even found a gambling site without age restrictions.
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There are countries that claim that the vaccine can be finished next year, some say it is four years from now, and my own country says it is making a covid-19 vaccine and is in the final stages of testing. This makes me very confused about the veracity of this vaccine itself. Is there really a vaccine for Covid? who really invented the covid-19 vaccine? when will the vaccine really be finished? This confusion has even worsened the psychological state of the community, they no longer believe in Covid-19, especially with the vaccine. So that the number of victims of Covid continues to increase because of the decline in public awareness of the dangers of Covid itself.
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I wouldn't be selling my funds at the moment, going to hold my ETF funds atleast until the end of the year before I do any repositioning. Why pay all these transactions fees if it's just going up again in a few weeks?
Well, maybe right now the best step in this situation is to hold your funds, because in this uncertain situation the price can go down or even go up for a very simple reason. You don't want to pay huge fees for this uncertainty. |
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I'm sure there are many factors affecting Bitcoin and stocks prices. Trump's positive covid test isn't related to the assets' movements. Journalists connected two events to make clickable headlines.
Really, I also believe that the decline in stock prices and Trump's positive covid-19 was just a coincidence and was deliberately linked. The media enlarge this issue in order to attract viewers and readers only to get more benefits. However, if the decline in stock prices is due to news about the health of the trump, I am sure that the stock price will return to normal soon, because the health of the trump is not fundamental. |
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I saw they have a president and a one party system (apparently not a dictatorship?) but they have Marxist ideologies and look to be in a transition phase to communism?
I'm wary of socialist control of everything as I don't think it's historically ended well in the past (eg the Soviet Union) and it could either kill or heighten innovation.
Does anyone know of the plans to turn China communist and how it will look once all the phases are complete? Also would you expect their military to still be able to compete well with other countries?
(self mod just in case I grt anti ch>nese or anti communist sentiment that I believe is TROLLISH only).
So far, what I have seen is that the leadership in China is still communist, but in running its economic system it is more capitalist than capitalist itself. They were not pure communists as they were in the beginning. However, the communist state has intervened, and has actually succeeded in making the giant country even more gigantic. Even its economic strength is shaking the US country which already claims to be a super power country. This is my reason why they will not possibly become pure communists again, because this country still has a vision of becoming a bigger country in the future. |
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Too many rules that you make for someone to be rich. Even I don't see these rules in those who are rich and even crazy rich. Those who are rich today are only those who have worked hard and are fortunate far more than the poor. Those who are crazy rich right now are those who have started at the forefront of life than the poor, living like MotoGP competitions. Those who start at the front have a greater chance of winning than the last. The rules for being a winner are just work hard and wish you the lucky ones.
Very good explanation Man. But, working hard is not enough to make you rich. You also have to be smart enough at work. As you said, living like MotoGP competitions. Very much competition and chasing each other. The first step to winning the competition is to come up with a strategy and contingency plan, then go for it hard. Yup really, smart work might be the right thing to conclude this. Many people work hard but forget to define a comprehensive strategy, but that is not the rule for getting rich. More to the form of strategy. |
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There are several traces of newbies finding signals here and there to trade, but it is wrong. Believe me If you want to trade consistently and profitably just learn how to do it yourself no matter how difficult or how long it takes.
You can subscribe to signals if you're the type who wants to earn while you learn but long term.... Learn trading by yourself
Yes, the best thing about trading is to find a way to do it by your self not and not relying on anybody or anyone before opening any positions. You can learn from people.. But be on your own with your trade. And believe in your logic I think I understand this differently. It is great that you could trade by yourself but I don't think that should also mean not relying on other people especially if you are not that skillful enough to create your own strategy or profit. You could learn a lot of things from experienced ones and if you know you can do it yourself, then I guess that is the time that you make your own and needed to be relied on by others. As a newbie in trading, I really trade by my self, i do it only by observing, studying situations, and not having discussions with anyone. What I have learned is that trading by your self will provide a greater risk of loss. Because I feel more losses than profits during trading by my self. Haha idk where's my wrong, but i think because i never discuss with others who have experienced |
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Too many rules that you make for someone to be rich. Even I don't see these rules in those who are rich and even crazy rich. Those who are rich today are only those who have worked hard and are fortunate far more than the poor...
It only runs in several rich people only. But as you know, being rich is not only because they are a hard worker and also fortune. If they work hard and fortune but they can't manage their income an outcome, and also spend their money on many things unnecessarily, they will end up in a bad situations. So, I think that the rules are not wrong. I never said the above rules were wrong, but it's too much. Hard working and fortune will not make people rich if they do not manage their money properly I agree with your opinion. The rules above are like a stipulation that those who want to be rich do not and must do these things. In fact, there are many ways to get rich and that way is different for many people. As the saying goes, "many roads lead to Rome". Being rich has no shortcuts.
There are several ways to get rich quick. 1. Born from rich people 2. Married to rich people 3. Become an entrepreneur, Maybe that's the quickest thing to get rich bro, and the above rules seem totally over |
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Perhaps the OP is trying to draw the conclusion that education growth affects economic growth. Education relevant to technological advances drives the acceleration of development, and mathematics is considered the basis of technology and describes the level of intelligence.
In many countries, the government's attention to the development of the education sector is very large, seen from the political commitment of the education sector budget that is not inferior to other sectors, so that the success of education investment is correlated with progress in macro development. The main function of educational institutions in relation to economic life is to prepare young people to fill productive employment as human capital investment and become a "leading sector".
Nowadays, the development paradigm which refers to a knowledge-based economy seems to be increasingly dominant. Economic progress rests on the support base of science and technology. The causal relationship between education and economic progress is becoming increasingly strong and solid so that education becomes the main driving force for the dynamics of economic development, driving a long-term structural transformation process.
Smart measure is not just being able to solve academic problems on paper. Smart students are those who are able to apply various learning theories, especially mathematics, as a method for solving everyday problems. But in the relationship between two countries, mathematics is used to calculate the profit and loss in diplomacy, not as standardization of assessment.
There seems to be no correlation between the number of math Olympiad winners and the investment decisions of large companies in Asian countries. But if what the OP meant was that the many winners of the math Olympiad were a real form of improving education in a country, then this could be one of the reasons investors are interested in investing in Asian countries. Another reason could also be due to lower labor costs in Asian countries than in developed countries. This will provide benefits for both of them. Both investors and the country itself. |
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Too many rules that you make for someone to be rich. Even I don't see these rules in those who are rich and even crazy rich. Those who are rich today are only those who have worked hard and are fortunate far more than the poor. Those who are crazy rich right now are those who have started at the forefront of life than the poor, living like MotoGP competitions. Those who start at the front have a greater chance of winning than the last. The rules for being a winner are just work hard and wish you the lucky ones.
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This system view cannot be applied anymore at this time, where almost all countries have used liberalist and socialist systems. How a country can apply the ideology of anarchism and run well. The government as the party that makes policies for the benefit of society, its role cannot be eliminated just like that, even if it is almost impossible.
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Rural areas are not a place with high economic activity. We need to see cities as places that generate more transactions and people are busier, internet shopping is the solution. Non-cash payment is the same.
In the countryside, it is still possible to make non-cash payments if the shop owners change the form of payment. I believe that people in the countryside also use mobile devices and they will prefer non-cash payments.
However, if we talk about the readiness of the society, it should be more comprehensive, not differentiating between high and low economic activity. Where there are financial transactions, all people can experience an even policy if cashless is implemented. |
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Rubbish. If this was the case, then everyone would be jobless and the stock market would be in ruins. That is not the case now. The employment rates are improving and many of the stocks are at ATH levels. Some of the blue collar workers have lost their jobs, but hopefully they will be able to find new professions soon enough. The impact from COVID 19 is not as worse as I had imagined.
Maybe you are one of those lucky enough not to feel the impact of this pandemic as envisioned. You're not in business and suddenly broke because of Covid. You are also not fired from work so you are confused about what to work and what to feed your family. You're also not a young person who hasn't found a job for a year and is still unemployed, rejected by many companies. You're lucky enough, friend. But you should be aware of what the real conditions are. Companies are cutting hundreds of thousands of jobs as Covid-19 continues to hit the economy.
The unemployment rate is rising even as people return to their workplace following the easing of restrictions. Source :https://www.bbc.com/news/amp/business-52660591 |
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