1. Today is 11.11 Single's Day shopping bonanz by Alibaba of PRC. Noted it sold USD5B (ie was it 10B) of goods in the 1st hour!! Well, I did not buy anything. N not the worst. M I in or m I out?
Never mind!!
2. TPP survived!(?)
Never mind!!
2. TPP survived!(?)
"TPP's new form, which still needs to be finalised, would now be called the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP),.
Japanese Economy Minister Toshimitsu Motegi said he hoped that moving ahead with the trade deal would be a step towards bringing back the United States."
Well, I was too quick to call the death of TPP yesterday. Somehow Canada was back in the discussion n now they agreed that once 6 of the members cleared their internal governmental approval, it will become effective.
The Trans-Pacific Partnership trade deal will not impact prospects for the China-backed Regional Comprehensive Economic Partnership (RCEP) pact, China's Foreign Ministry said on Saturday.
Well, let's see how it develop with RCEP n MORE multilateral trade agreements to form!! Wasteful as I believe they r or truly productive!?
ANYWAY, fr an economic perspective, everyone is looking for growth. If it comes fr more usage, more quantity consumed great n fine. It is come fr higher selling prices, good n fine. If it come fr higher quantity n prices, better still. Even if it means the consumers' income hv not caught up n straining to make ends meet as long as they r STILL CONSUMING!!
Well, if that is the case, so be it. I m just glad that while m not rich by any measure, I m just glad that I hv enough!
Consumerism is bad? U decide!!
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