In a continuation of the latest trade war news, POTUS Trump indicated a potential 200% tariff to be levied on alcoholic beverages originating from the EU, unless the European government agrees to remove the 50% tariff on US spirits. Even if you're not a retailer, one may want to stock up, simply as a hedge against inflation and tariffs. Or just...because. The announcement was posted on … [Read more...] about Mega Tariff News : Whiskey Business
Finance
Honest Mistake ? Consumer Buys Cartier Earrings for $14
A Mexican medical resident is the subject of controversy and outright vitriol due to two items he purchased online from Cartier's website. The savvy shopper was doing some intenet browsing when he spotted a pair of Cartier earrings for only 237 Pesos or about 14 USD. According to the article, Rogelio Villarreal "broke out in a cold sweat" after spotting the incredible bargain. Believing … [Read more...] about Honest Mistake ? Consumer Buys Cartier Earrings for $14
Highly Insightful : Nouriel Roubini’s Fed Interest Rate Predictions Back In November 2023
Searching for opinions on inflation and the economy, I stumbled across this Yahoo Finance video from November 7th 2023 by NYU Stern School of Business Professor Emeritus Nouriel Roubini. Now, almost five months later, it has proved to be consistent with the Federal Reserve Board's monetary policy on interest rates, at least so far. Unlike some financial experts who were predicting … [Read more...] about Highly Insightful : Nouriel Roubini’s Fed Interest Rate Predictions Back In November 2023
El Salvador Adopted Bitcoin in 2021 – Debt Soared to 25 Billion in 2022
El Salvador made history when it first adopted Bitcoin as a legal tender back in 2021. At the time, the President of El Salvador Nayib Bukele revealed his dream to transform the country into a cryptocurrency friendly tax haven. When he announced plans for "Bitcoin City" it sparked a wave of Bitcoin enthusiasts tourism. According to reports, Bukele's plans include a city powered by … [Read more...] about El Salvador Adopted Bitcoin in 2021 – Debt Soared to 25 Billion in 2022
Argentina Inflation Projected at 250%
The Organisation for Economic Cooperation and Development (OECD)1 expects Argentina's rate of inflation to skyrocket to 250% for 2024 as its economy and currency continues to struggle. Major reforms initiated by newly elected President Javier Milei have met with protests while the country's economy attempts to restore stability. The resulting turmoil has created tremendous hardship for … [Read more...] about Argentina Inflation Projected at 250%