Market condition

It’s the first Wednesday of the month… and that means a new Monthly Market Insight with Mike and Chad!

Go ahead and click on the video thumbnail below to see everything that has been covered.

We went through their forecast from last month and got some new insights for you as well.

For example, Mike Carr was right to be cautiously bullish early last month. Afghanistan’s double whammy and an aggressive new strain of Covid rocked markets mid-month … but they came back straight away. In August, the S&P 500 rose 2.9% at yesterday’s close, the biggest monthly gain since April.

But Mike’s call for this month is where you really want to pay attention… Check it out below…

Mike says we are looking at the barrel of market conditions that we have only seen twice in 100 years.

The last two times? 1929 … and 2000.

Do you notice a pattern? Of course you do. These are two of the most damning dates in financial history.

Here is the summary …

There is a frightening divergence between the real economy and the prices of financial assets.

A new wave of Covid lockdowns, forced evictions, inflation and many other forces are starting to ease the real economy.

Meanwhile, the easy money is set to push stocks and house prices to an explosive high in the coming months.

We can already see it on the housing market …

My home in Palm Beach has grown almost 20% since I bought it in February.

On a 15% down payment basis, I achieved a return on investment of 120%… in six months… on the housing market.

Exciting? Yes.

Terrible? Yes too.

This stuff is not supposed to happen …

When this is the case, many investors who have not studied history tend to get carried away by the mania and end up making stupid mistakes.

An economist I worked with described it as a feeling of “going to financial heaven”.

He fools the masses into believing that they have reached a kind of fiscal nirvana.

Fortunately, no one knows more about the financial story than Mike Carr.

This is a market period that you are really going to want to lean into and be very careful with. Do the right things and you can make a fortune quickly (I can attest to that).

Do them wrong and you can get burned.

Look at the outlook – it’s all there.

This is something that we will probably be touching a lot in the coming weeks.

The $ 1,000 3 Day Instant Money Challenge

And now for something completely different!

Before signing, I want to tell you how to get free trade from Chad.

Next Wednesday, Chad will go live in front of the camera to explain a live transaction that can deposit up to $ 1,000 into your brokerage account. at once.

Chad has done this hundreds of times over the past decade … our readers have said it is akin to “making money out of nowhere”.

If that sounds like magic, well… they called it that too.

This is a professional level options trade that no one thinks of doing because it is not as flashy as winning 100 to 500%. But it’s as reliable as a Honda Civic!

Once you see how it works, you will never be able to trade options the same way again. Pull, you may never buy shares the same way again.

This approach literally deposits money instantly into your account and even gives you the option to buy quality stocks at a reduced price… and then sell them back at market value.

If it sounds too good to be true, it’s because it’s amazing. You have to see this. Go here to register for free.

Ciao,

Chris Cimorelli
Editor-in-chief, True masters of options

Card of the day:
Multi-year summits in sight

By Mike Merson, Editor-in-Chief, True masters of options

(Click here to enlarge the image.)

Inventories and home prices aren’t the only places where we see excess …

This year, the crypto market has been equally subject to the Federal Reserve’s easy money policies.

But today I want to highlight one outlier in particular. This is Ethereum (ETH), and to do that we are going to look at the ETH / BTC chart.

This chart represents the price of ETH against Bitcoin (BTC) as a ratio. If the chart goes up, ETH outperforms BTC. This has been the case for much of 2021.

Note the break of the blue downtrend line at the end of March. When this happened, ETH continued a 173% run against BTC until early May, when the entire crypto market fell 50%.

And now, over the past month, we’ve seen ETH break down of them major downtrend lines –– the pink and blue lines at the top right of the chart.

Let’s just say the ratio follows a similar course this time around. This would place ETH / BTC at a level of 0.12 – its highest level since the end of the 2017 bull market. If BTC stayed at today’s levels, that would equate to a price of around $ 5,200 per ETH.

But this pair of ratios will not increase in a straight line. Which is more likely, in my opinion, that BTC will hit at least $ 100,000 during this time. This puts the price target for ETH once this race is over closer to $ 12,000 per ETH.

At the moment, there is no way to play the price of ETH with options in the stock markets. The Grayscale Ethereum Trust (OTCMKTS: ETHE) – the only pure ETH game available – is not available as an option.

But it trades at a slight discount to its net asset value… which makes it an attractive method of gaining exposure to equities to this trend.

Better,

Mike Merson
Editor-in-chief, True masters of options

© SK Hynix

Business | April 28, 2021

The South Korean semiconductor said it performed better in QoQ and YoY in the first quarter, as semiconductor market conditions improved earlier this year.

Consolidated turnover for the first quarter of 2021 was KRW 8,494 billion (€ 6.32 billion), while operating profit amounted to € 1,324 billion (985, 81 million euros) and net profit to 993 billion KRW (739 million euros). The operating margin for the quarter was 16% and the net margin was 12%. Although the first quarter is generally off season for the semiconductor industry, SK hynix says in the quarterly report that market conditions have improved as demand for PC and mobile memory products has increased. In addition, cost competitiveness has increased as the yields of major products have improved. As a result, sales and operating profit increased by 7% and 37% respectively compared to the previous quarter. For DRAM, the company responded to market conditions and focused on mobile, PC, and graphics for sales. As a result, the Company’s DRAM bit deliveries increased by 4% QoQ. For NAND Flash, increased sales of high density mobile device products led to NAND Flash bit shipments growth of 21% QoQ. The company is optimistic about market conditions after the first quarter. SK hynix expects the customer stock to decline rapidly as the current stronger than expected demand growth in the broader IT market continues. “The demand for DRAM is expected to continue to grow, while the market demand for NAND flash memory is also expected to increase. SK hynix plans to react proactively to these market conditions, ”the company writes. For DRAM, SK hynix plans to deliver a high capacity multi-chip package (MCP) based on 12 GB DRAM products from the second quarter. In addition, the company has decided to increase the production volume of 1Znm DRAM. The company also announced that it will complete the development of 1Anm technology using EUV equipment during this year and also begin mass production of the product. For NAND Flash, SK hynix announces that it will expand the product line to 128 layers to increase sales of enterprise SSDs and start mass production of 176-layer products with the accumulated know-how of 128-layer technology .

Please join Antonio Pietri, President and CEO of Aspen Technology, and Darren Martin, CTO, Wood, for our next virtual conversation with executives on December 3, 2020.

Find out how you can put the parts in place to create the self-optimizing factory and achieve sustainable operational excellence regardless of market conditions.

As we move closer to the era of self-reliance, the smart factory of tomorrow will be made possible by an increasingly self-learning, self-adapting and self-sustaining set of processes working together. As European companies increasingly face the energy transition, in a context of uncertain market conditions, the need to maintain safe, efficient, flexible, reliable and sustainable operations is greater than ever.

By participating in this virtual event, you can:

● Discover how two leading companies are reaching new levels of performance by combining industrial technology with digital solutions and today’s 4.0 capabilities

● Learn how to speed up your own digitization journey

● Hear directly from other industry leaders during our roundtable

Register for the webinar here.

Siemens Gamesa has decided to close its factory in Navarro, which is not competitive in the market environment to produce blades for large turbine models.

Siemens Gamesa Renewable Energy, one of the world’s leading suppliers of wind turbines, has announced that the company has to adapt to the difficult market conditions in the wind industry, characterized by strong competition and price pressures that have deteriorated the margins of wind turbine manufacturers. To succeed in this environment and increase the competitiveness of its onshore operations, the company will focus on the next generation of large turbines, with rotors up to 170 meters. These models already represent almost half of current demand and are crucial to increasing profitability and further lowering the cost of clean energy. To successfully advance this strategy, Siemens Gamesa has decided to close its factory in Aoiz, which is not competitive in the market environment to produce blades for large turbine models.

The Navarre plant manufactures SG 3.4-132 for projects located mainly in Spain. Its higher costs and its geographical position, more than 200 km from the nearest port, make it uncompetitive in world markets.

The company has announced that it will initiate a collective dismissal procedure for a maximum of 239 employees. Negotiations with the local works council should start in the coming days, in accordance with the applicable rules and regulations. Information on final agreements will be communicated once negotiations are completed.

“We are making a difficult decision and I am fully aware of the impact this will have on some of our employees as well as on the local community. We will do our best to support our colleagues in this transition ”, explained Alfonso Faubel, Onshore CEO of Siemens Gamesa. “We do not take decisions with such a serious impact lightly and over the past few months we have carefully considered all the options available to us and reluctantly concluded that there is no alternative to this. action. In the current circumstances, we have the obligation to adopt the necessary measures to ensure the sustainability of this company and the jobs of more than 24,000 colleagues around the world, including nearly 5,000 in Spain ”, he said. added.

The company said that while this activity is not directly linked to the COVID-19 crisis, the effects of the pandemic on the operations and business activity of Siemens Gamesa have heightened the need for action. The company reported a direct impact of 56 million euros on its profitability during the last quarter.

“Spain will remain the country with the largest manufacturing footprint for us. In addition, we are strengthening our R&D activities, which are less exposed to temporary market conditions, and in the last two years we have hired more than 450 employees in Navarre and the Basque Country. Finally, the proximity of Spanish suppliers to our onshore R&D hub represents a great opportunity for them. In 2019, we bought more than 1.2 billion euros from Spanish suppliers, ”concluded Faubel.

Moneycontrol spoke to multiple sources and pieced together an account of how officials in the Prime Minister’s Office and the Ministry of Finance moved swiftly to draft the amendment bill, get it through Cabinet, and then the Minister of Finance. file in Lok Sabha after political leaders give the go-ahead. forward..

• ने कंपनी के प्रमोटर्स को राहत, सेबी ने IPO के बाद प्रमोटर के मिनिमम लॉक-इन पीरियड घटाया
• Winners and losers: बाजार की तेजी लगी लगाम, इन शेयरों में रही सबसे ज्यादा हलचल
• झुनझुनवाला के पोर्टफोलियो में इस ऑटो स्टॉक को एक्सपर्ट्स ने दी खरीदने की सलाह
• JEE Mains Result 2021: -मेन्स रिजल्ट घोषित, 17 उम्मीदवारों ने लाए 100 पर्सेंटाइल, ऐसे करें चेक
• 2022 पहली तिमाही तक बच्‍चों के लिए आ जाएगी कोरोना वैक्सीन Covovax, अदार पूनावाला ने दी जानकारी
• Windlas Biotech IPO: दिन तक 22.4 गुना सब्सक्राइब हुआ, जानिए क्या चल रहा GMP
• हाई कोर्ट का बड़ा फैसला, कहा- ‘मैरिटल रेप तलाक का ठोस आधार है’
• ब्रोकरेज हाउसों ने इन स्टॉक्स के टार्गेट बढ़ाए, क्या हैं आपके पास
• सेबी ने Aditya Birla Sun Life के POPE को दी मंजूरी, सितंबर-अक्टूबर में हो सकती है लिस्टिंग: सूत्र
• झुनझुनवाला के निवेश की खबर मिलने पर इस स्टॉक में एक महीने में आई लगभग दोगुनी तेजी
• ED ने मनी लॉन्ड्रिंग मामले में PDP प्रमुख महबूबा मुफ्ती की मां को पूछताछ के लिए किया तलब
• LAC withdrawal: पूर्वी लद्दाख के गोगरा से पीछे हटीं भारत और चीन की सेनाएं, पुराने स्थायी बेस में पहुंचे
• Small & Midcap Mantra- इस आईटी स्टॉक ने 2021 में दोगुनी की निवेशकों की वेल्थ, अब क्या करें
• Hindalco Results Q1- कंपनी को 2,787 करोड़ रुपये का ऑल टाइम हाई कंसोलिडेटेड मुनाफा
• में दिखा कंसोलिडेशन का मूड, 215 फिसला, 16 238 हुआ बंद

New trends

Last name	Price	Change	% variation
Sbi	435.65	-6.20	-1.4
Indiabulls Hsg	271.10	0.85	0.31
Ntpc	117.65	1.15	0.99
Rec.	156.45	1.35	0.87

PUBLISH

PUBLISH

YOUR OPINION

Which of these young people will score the most points in this ipl?

FEEDBACK

Thank you for voting

PUBLISH

Sanju Samson
Shubman gill

Snapshot of the IPO

Equity	Type	Issue price	Size of the problem	Lot size	Open problem	Problem Close
View profile	Initial Public Offering	1	2937.36 – 2998.	9	09-08	11-08
Nuvoco Vistas View profile	Initial Public Offering	560	5000 – 5089.29	26	09-08	11-08
Aptus value See profile	Initial Public Offering	346	2734.84 – 2790.	42	10-08	12-08
Chemplast See profile	Initial Public Offering	530	3850 – 3929.91	27	10-08	12-08

Equity	Filing date with Sebi
Popular Vehicles and Services Limited (Popular.pdf)	05-Aug
Adani Wilmar Limited (Adani.pdf)	03-Aug
FSN E-Commerce Ventures Limited (FSN.pdf)	03-Aug
PB Fintech Limited – DRHP (PB.pdf)	02-Aug

Equity	Issue price	Registration date	Open announcement	Announcement Close	% quotation gains	CMP	Current earnings%
Tatva Chintan	1083	07-29	2111.80	2310.25	113.32	2,133.40	96.99
Zomato	76	07-23	115.00	125.85	65.59	131.20	72.63
AA More	18	07-22	16.65	17.50	-2.78	11.83	-34.28
Clean science	900	07-19	1784.40	1585.20	76.13	1,656.35	84.04

Scheme	Fund Category	Info	Purchase order	Opening date	Closing date
No NFO details available.

Equity	Type	Issue price	Size of the problem	Lot size	Subscription	Open problem	Problem Close
Gretex Corporat See profile	SME IPO	170	5.13	0		07-27	07-30
Glenmark Life See profile	Initial Public Offering	695	1497.85 – 1513.	0	2.78	07-27	07-29
People Network See profile	SME IPO	76	13.01 – 13.7	0		07-28	02-08
Rex Pipes See profile	SME IPO	26	6.24	0		07-28	02-08

chat box

Ajay Jain

CEO, ajayastromoneyguru

August 09 – 2:00 p.m.

What do the stars predict?

chat box

Ajay Jain

CEO, ajayastromoneyguru

August 09 – 2:00 p.m.

What do the stars predict?

Company action

Company	Report	VF	Ex-Rights
Details of rights not present at the moment.

Company Name	Last prize	Change	Market capitalization	Net sales	Net profit	Assets

country = India page generated = 2021-08-07 05:33:09

CHICAGO (Reuters) – China’s pledge to buy American agricultural products on the basis of “market conditions” at the Phase 1 trade deal signing ceremony on Wednesday added to doubts among farmers and consumers alike. commodity traders regarding Beijing’s persistent tariffs on US exports.

The deal, intended to ease tensions after nearly two years of a tariff war on both sides, included a pledge by China to purchase at least an additional $ 12.5 billion in agricultural products in 2020 and beyond. minus $ 19.5 billion from the 2017 level of $ 24 billion in 2021.

President Donald Trump’s insistence on a significant commitment to purchase agricultural products was a major sticking point in the talks leading up to the signing, people briefed on the negotiations said as China wanted the freedom to buy. depending on demand.

Chinese Vice Premier Liu He, standing alongside Trump, said Wednesday that Chinese companies will buy American products “according to market conditions.”

As a result of the comment, the price of soybeans, the first US agricultural commodity shipped to China in value before the trade war, fell to its lowest level in a month on the Chicago Board of Trade futures market. SH0.

“Soybeans broke after that,” said Terry Reilly, senior commodity analyst at Futures International. “’When the market dictates’ means they may not come back for 36 months. Who knows? It means when they need it and the price is right.

Ted Seifried, chief strategist at Zaner Group brokerage in Chicago, said the lack of specific purchase contracts was also disappointing.

U.S. soybean suppliers will continue to face stiff competition for sales to China of a likely record Brazilian crop, which farmers will start harvesting in the coming weeks.

“I don’t see a big change happening for us because of the deal,” said Charlie Zanker, a corn and soybean farmer in Hamburg, Iowa. “It’s a global market now. “

The deal did not reduce tariffs on major U.S. agricultural exports to China, although Trump said tariffs would be removed in a Phase 2 deal. Pork is subject to a 68% tariff even as China needs more imports due to the devastating outbreak of a deadly swine disease.

“We really need the tariffs to go,” said David Herring, president of the National Pork Producers Council and pig farmer from Lillington, North Carolina, who attended the signing ceremony.

(GRAPHIC: Commitments to purchase agricultural products from the US-China Phase 1 trade agreement -)

A senior Trump administration official later said China will have to issue waivers or tariff adjustments to meet its purchasing commitments.

Chinese traders have also expressed doubts about the deal.

“I feel like China is not getting anything out of it,” a China-based agricultural commodities trader said ahead of the ceremony. “I’m just spending the money for a little peace in return.”

“OUR WORK IS NOT DONE”

China has pledged to speed up its review of agricultural biotechnology products it imports to no more than two years, according to the text of the agreement. Delays of up to seven years in China’s approval of new varieties of plants grown from genetically modified seeds have long frustrated the United States

“What we really need to see is how China is implementing this,” said Matt O’Mara, vice president of international affairs at BIO, a trading group that represents seed companies like Bayer AG. BAYGn.DE and BASF SE BASFn.DE.

Other hurdles to timely approvals remain, as China still will not start reviewing a biotech product until it is first approved by another country, O’Mara said.

“Our job is not done,” said Bill Gordon, a soybean grower from Worthington, Minnesota, and president of the American Soybean Association, who also attended the White House signing. “I think you are going to have a lot of negotiations now and steps to ease these tariffs.”

China has also made concessions to the meat industry. He agreed to remove livestock age requirements for beef shipments and relax limits on hormone use in cattle and rules requiring keeping records of animal origins, according to the text of the agreement.

The changes will make more American beef eligible for export to China, said Kent Bacus, director of international trade and market access for the National Cattlemen’s Beef Association.

“It’s a game changer,” he said. “It basically says they recognize the security of the American system.”

American grain traders Archer Daniels Midland Co ADM.N and Cargill Inc [CARG.UL] has praised the Phase 1 deal in separate statements, as has seed company Corteva Inc. CTVA.N

(GRAPHIC: US ​​agricultural exports to China dry up in trade war png -)

WASHINGTON – With two new satellites in orbit and a third underway, Hong Kong’s APT Satellite continues to grow, but company executives remain concerned about market conditions in the Asia-Pacific.

APT Satellite reported on March 19, HK $ 1.24 billion ($ 160 million) in 2018 revenue, up 2.5 percent from the previous year. Pre-tax profit remained stable at HK $ 619.6 million.

Last year, two of APT Satellite’s new satellites were launched: Apstar-6C on a Chinese Long March 3B / E rocket in May, and Apstar-5C, a Telesat-owned spacecraft that APT Satellite helped build. finance and design, in September on a SpaceX Falcon. 9. Both replace older spacecraft while adding new features – Ka-band capability on Apstar-6C and high-speed Ku-band capability on Apstar-5C.

But Asia-Pacific remains, as APT Satellite has described it for years, a region defined by “fierce” competition.

In its annual financial report, APT Satellite described 2018 market conditions as grim, with no sign of a reprieve to come in 2019.

APT Satellite wrote that in 2018 the transponder market conditions regionally and globally were in continuous decline.

“Business growth for satellite broadcasting and satellite telecommunications had been weak and the market environment on the oversupply of satellite transponders and the decline in the rental price of transponders remained unchanged,” APT wrote. Satellite. “To face the fierce market competition, the Group has actively explored new markets and new activities and has continued to enrich the content and varieties of services while providing high quality services to clients. “

APT Satellite is not alone in describing the Asia-Pacific satellite communications market as extremely difficult. Regional competitors Hong Kong AsiaSat and Thaicom in Thailand Likewise, pricing pressure impacted their 2018 financial results.

“In 2019, the global and Asia-Pacific satellite transponder market continues under conditions of oversupply and fierce competition,” wrote APT Satellite.

APT Satellite operates four main satellites (Apstar-5C, -6C, -7 and -9) in geostationary orbits, as well as two older satellites (Apstar-5 and -6) in tilted orbits which save fuel but limit types of communication services they can provide.

APT Satellite said it has filed an insurance claim for Apstar-6, which suffered a solar panel problem in May which reduced the power of the spacecraft, and that the claims procedures are nearing completion. The 14-year-old satellite was built by Thales Alenia Space.

Apstar-6D, the operator’s next satellite, is expected to “land on the ground by the end of 2019,” the company said. APT Satellite did not provide a launch date for Apstar-6D. China Great Wall Industry Corp., maker of Apstar-6D, said in November that the satellite remains on track for a 2019 launch on a Long March 3B.

Unlike recent APT Satellite launches, which replaced older satellites, Apstar-6D is a growth satellite intended to bring new high-speed capacity to mainland China and wider Asia-Pacific. APT Satellite is participating in the Apstar-6D project through a joint venture called APT Mobile Satcom Limited, headquartered in Mainland China.

HOW DID THE FUND BEHAVIOR?

With a 7-year return of 14.81%, the fund significantly outperformed both the benchmark return (9.31%) and the category average (8.27%).

Growth of Rs 10,000 vis-à-vis the category and the benchmark

BASIC FACTS

Release date: April 4, 2008

Category: Equities

Type: Large Cap

Average AUM: Rs 4,737.94 cr

Benchmark: S&P BSE 200 Index

WHAT IT COINS

Net asset values ​​(as of October 25, 2017)

Growth option: Rs 46

Dividend option: Rs 20

Minimum investment: Rs 5,000

Minimum SIP amount: Rs 1,000

Spending rate (as of Sep 30, 2017) (%): 2.39

Exit charge: 1% for redemption within 365 days

THE HEAD OF FINANCING

Neelesh Surana

Duration: 9 years and 4 months

Education: BE, MBA

WHERE IS THE FUND INVESTING?

WHAT IS THE RISK ?

Anywhere where not specified, data as of September 30, 2017. Source: Value Research

SHOULD YOU BUY?

This fund continues to embellish its enviable track record, being poised to end another year outperforming both the benchmark and its peers, which it has done consistently over each of the past eight years. The degree of outperformance also continues to impress, despite the alpha decline in the large cap category.

The fund is heavily biased towards large caps, but the average market capitalization of its portfolio is well below the category average. This is due to its relatively higher investment in emerging large caps. The fund manager emphasizes stock selection and does not take sector calls.

The fund’s ability to outperform in both a bullish and bearish market has enabled it to maintain a superior risk-return profile in its category. It remains a top choice in the large-cap fund space.

Posted on Aug 24, 2015

It is up to every man or woman who has a mortgage to take out the copy of the mortgage document and read it again. We would be surprised to see what powers we gave to the mortgagee.

The reality of today’s real estate market is that, for various reasons, land and house values ​​in Barbados have declined and in some cases significantly. If we don’t keep our mortgage payments, the banks are forced to take some action. The banker looks at his bond to see if he can at least get the principal back. Usually, each missed payment brings the loan closer to the possible value of the collateral. When the market is depressed, the problem becomes more acute. The banker’s first duty is to his depositors, whose money he has lent us. The thought of where the mortgagor will sleep or eat has nothing to do with the decision.

For example, if a customer has a mortgage and is having trouble to the point where the mortgage has been reduced to $ 400,000 and no payment is due, after three missed monthly payments, the banker stops taking the accrued interest into profit. . . He reassesses the market value of the title and if the market offers only $ 400,000 for the property, he will sell under his selling powers. We could call Archangel Gabriel for help, it wouldn’t matter. Even if our grandmother lives in the house !! “Tough Tittie”!

It makes a big difference if the mortgagor is willing to negotiate with the banker. Say instead of paying $ 3,000 per month, you can only pay $ 1,500, so the banker will consider extending the term of the loan. Say a windfall of X money will arrive in the hands of the mortgagor within the next six months, the banker has patience and will wait. Say we are on the verge of death and the banker knows he can sell the property for $ 1,000,000, the banker will wait and watch for obituaries.

If the mortgagor can find a buyer closer to their property appraisal, then let them hurry and do it.

Calling on the bank to show mercy, sympathy or tolerance is a no-no. Let’s say the banker is nice and lets go. He would be designated a wimp and would be looking for a job. Fortunately, a committee oversees most loans, and the bank manager may be just the face of the committee.

The real problem is the perilous or precarious state of the economy. John Doe cannot pay his mortgage because he lost his job. Mary Doe’s business had to shut down because people didn’t go to her. We are fighting for our survival on the international scene and contrary to the waves emitted by our Central Bank, the banks are confronted with thorny problems. The Wild Coot has brought such an issue to the public’s attention in recent weeks. Our government is about to hire the banks to do the onerous work of the US Internal Revenue Department. Banks have to take enormous responsibility with the attendant exposure to risk. Look at the huge billions of dollars in fines recently imposed on banks. Can a bank here in Barbados afford such risks? Whoever advises the government does not consider the bank’s exposure.

But Wild Coot, if we don’t accept FATCA, then Uncle Sam will deny our banks the use of correspondent banking services with their US banks. Oh! Well, there are some battles worth fighting for when it comes to justice. We boast of the best legal minds. Next year we will celebrate 50 years of Independence. Soon we will be celebrating 300 years of democracy, long before the United States. Can’t we join our voices in protest instead of bending down like mice? Let us take this matter to the United Nations or the World Trade Organization. The Caribbean has always relied on Barbados to take the lead. Fathers, mothers, grandfathers, grandmothers gained knowledge here and abroad and came back and influenced their offspring to come back here to save our pride and our industry. Will those in Parliament “disguise righteous nature with favored rage: / Fathers who, like so many Alexanders (Adams, Barrows, Arthurs) have in these parts of the morning until even fought; / Be copy now to men of coarser blood ”.

My next article will deal with reciprocity. Do Barbadians in America who earn or have a business with a turnover of $ 50,000 or more have to pay taxes to the Barbados Revenue Authority? Is an American being worth more than a Barbadian being? If you say your currency is a global currency, should you penalize people who use it around the world?

Harry Russell is a banker. E-mail [email protected]