Donald Trump Global Economy Effects In Brief

Donald Trump and Global Economy

First Published Date: November 17, 2016

The global economy was already on a rough ride due to low consumer confidence and business, weak investments and depressed commodity markets, rising debt and low interest rates, and much more. And now, to add more to the rough ride, the surprise victory of Donald Trump is another integer in the equation. Here are some of the concerns that can derail the global economy further in the Trump era.

Author/Copyright: Ahmed Dawn www.adawnjournal.com

China

Imposing a 45 percent tariff on Chinese imported goods. This will make everything more expensive for consumers (goods made in USA also use Chinese materials) and China might retaliate with similar tariff on US imports. In the end, everyone in the globe will be a loser.

Mexico

Mexico has the most to lose if Trump does what he said he would do. Dismantling NAFTA, slapping a 35 percent tariff, rounding up illegal immigrants, and possibly more will have economic impacts on Mexico and in the US as well.

Canada

Canada actually can both gain and lose from Trump’s presidency. Cancelling or renegotiating the TTIP and NAFTA agreements are both negatives. However, approving the Keystone XL Pipeline would allow shipment of bitumen from Alberta to the U.S. and would be definitely a plus.

Trump has argued that by neglecting national debt by cutting taxes for the wealthy, cutting regulations, and reducing imports he can make the GDP grow 4 percent (from 2 percent currently). However, analysts disagree. Many believe that adopting Trump’s proposals on trades, taxes, immigration and government spending would destroy millions of jobs and the U.S. economy will be isolated and diminished.

Also, US dollars are still the main reserve currency in the world and only the US Federal Reserve is responsible for the supply. If Trump tries to influence the Fed’s policies and interest rates, it will create havoc both in the U.S. and global economy.

ADawnJournal.com Continues on AhmedDawn.com

Ahmed Dawn Dot Com

First Published Date: March 26, 2017

Please visit Ahmed Dawn Dot Com at www.AhmedDawn.com as I will be updating this new site.

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New YouTube Banner

ADawnJournal YouTube Banner

First Published Date: January 22, 2017

If you happen to follow my YouTube channel https://www.youtube.com/adawn, you may have noticed that the top banner or channel art has new looks, including my name logo.

In the past, I put up a simple banner – which was just a picture of a volcano from my Tagaytay trip in the Philippines. I always wanted to make it a professional-looking banner; however, I did not have the Photoshop or graphic-designing expertise to make it happen.

After trying a few do-it-yourself banner and logo making tools online, I gave up on the idea of making a professional-looking banner and a simple name logo by myself and decided to hire someone to do the job.

The Internet has opened up endless possibilities to connect those who are seeking professional-grade work with those who are delivering it. And it’s not difficult to find a banner and logo designer anywhere in the world sitting from the comfort of my own home.

I placed an ad on one of the freelancer outsource sites to make a name logo and banner for my YouTube channel and within 24 hours I had 30 designers bidding for my work at various rates. One interesting thing to mention is that the most expensive offer was eight times higher than the cheapest.

After a massive elimination process, I decided on a young designer from Ireland who seemed to understand what I am looking for at a reasonable price. And his works met my expectations or I can even say went beyond my expectations, of course after several modifications.

I will attach the final version banner with logo with this article and you can see how it looks on YouTube by visiting my channel. As my YouTube channel traffic is going up, this modern-looking logo and banner will be a perfect fit, standing alongside with other professional-grade channels.

Is Travel Credit Card Scotiabank Gold American Express Now A Cash Back Credit Card As Well?

Scotiabank Gold Amex Credit Card Offers New Feature

First Published Date: November 26, 2016

Scotiabank Gold American Express travel credit card is known for its mega proprietary points offer on selected categories, beating any other cards. For example, 4 points for every $1 spent at eligible gas, grocery, dining, and entertainment purchases in Canada. You can read my full review here: The ScotiaBank Gold American Express Card Review. However, a recent change made on Scotia Rewards Program, starting November 6, 2016, makes Scotiabank Gold Amex Credit Card as a Cash Back credit card as well.

Author/Copyright: Ahmed Dawn www.adawnjournal.com

In the past, Scotiabank Gold Amex card members were only allowed to redeem points for travel purchases, as it’s a travel rewards credit card. But to make the use of this credit card more flexible and attractive, Scotiabank is now allowing you to redeem points for statement credit on any purchases. This change of feature makes this card basically a travel credit card that works as a Cash Back credit card as well.

However, this change puts Scotiabank Gold Amex card in direct competition with Scotia’s own cash back credit card, the Scotia Momentum Visa Infinite Card, which offers 4 percent on gas + grocery and 2 percent on pharmacy + recurring bills. Read my review on this card here Scotia Momentum Visa Infinite Card review if you need to decide which one to choose.

There is another travel credit card, the MBNA World Elite Rewards MasterCard, which offers a flat 2 points per dollar on all spending and allows you to redeem points for cash back.

I consider this cash back option offered by Scotiabank Gold Amex travel credit card as a positive change, as it provides greater flexibility for customers.

How Much Do Rich People in Canada Need to Retire?

Retirement Amount for Canada’s Wealthy

First Published Date: January 27, 2017

A recent poll done by BMO Harris Private Banking found out how Canada retirement would look like through the eyes of affluent people in Canada. The number stands at a staggering amount of $2.3 million.

Further, rich people are more confident than average people reaching their retirement goals. 95 percent of the wealthy said they are more confident in reaching their goal. On the other hand, only 69 percent of average people are confident in reaching their goals.

However, don’t let these numbers deter you from reaching your own goals. Your personal retirement amount can be totally different than any other person. As there are many unique factors that play a role in determining each person’s retirement needs, it is possible to retire with a much smaller amount than the amount for the wealthy ($2.3 million) or the average Canadian amount (about $900,00.00).

A Dawn Journal has a retirement section featuring lots of retirement articles and I encourage you to go through it.