World Harmony: Unifying Through Acceptance and Respect

Cultural diversity is a societal concept that has been around since time immemorial. The world is filled with people who have unique personalities that are shaped by a specific set of races, beliefs, and customs. There is a divide on many levels in society, and it’s easy for conflicts to arise because everyone is different.

Damon Vickers, a professional investor and a New York Times bestselling author, believes that humans are capable of achieving world harmony despite the diversity. Peace can prevail amidst the geographical and cultural heterogenicity as long as people take the time to understand and respect each other.

Starting with oneself

“Conflict is part of nature’s design. How we survive and succeed will depend on how we manage conflicts to fulfill our goals. It’s important to understand that dealing with personal conflict fosters peace within yourself and those around you,” Damon Vickers states. “Change starts small. If we want to achieve world peace, we need to practice it.”

In the United Nations Preamble of the Charter, it is indicated that people have to place effort in understanding each other and appreciating the socio-cultural identity and way of life that each person has. Individual learning about cultural diversity is the precursor to practicing tolerance and living in peace together.

Education has a crucial role in world harmony. The United Nations Educational, Scientific, and Cultural Organization (UNESCO) constitution relays how the ignorance of other people’s ways causes mistrust and suspicion, which is often the reason why wars occur. Educating oneself about diversity begets the understanding and respect that leads to peace and harmony.

Damon Vickers discusses the importance of International Relations

The government plays a huge part in propagating world harmony, which is manifested by peace within its jurisdiction and solidarity with other nations. Cooperation and collaboration are the goals of international relations that are cultivated through effective and open communication.

Although people and nations are divided by many factors, there is an inherent desire to reach a consensus. To achieve reconciliation, the government should promote respect for the sovereignty of other countries and the culture and beliefs that define them.

“Authority figures need to lead by example and show unity in diversity by promoting peaceful conflict resolution, should the need arise,” Damon Vickers tells.

World harmony can be accomplished when nations demonstrate mutual respect and highlight intercultural understanding through dialogue and diplomacy. The goal is to uphold the common good, and showing respect and acceptance for interpersonal and intercultural differences is the step towards achieving it.

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Are Global Interest Rates Headed to Zero?

Lower for longer?

There has been a lot of buzz in the financial sector about the movement of interest rates in the world. In the global recession of 2008, interest rates saw a significant decline to stimulate the economy. Zero to below rates proliferated in that era to encourage people to spend.

This year, the talks revive anew as economy seems to slow down again. Central banks in New Zealand, Thailand, and India cut interest rates, with Australia believed to follow suit. It’s indicative of slowing growth on a global scale, notes professional investor Damon Vickers from New York, which could likely negatively affect rates.

The Present

In Europe and Japan, interest rates are below zero, which means consumers and businesses pay in order to deposit cash. Some experts believe that US might reach the negative end of prices, too, mainly since the US-China trade war is still a thing amid ongoing talks between the powerhouses.

While the world is still waiting for the Fed’s next move, the biggest question now is whether global interests are headed to zero. Damon Vickers believes that there is a 70% chance that the Federal Reserve might do another cut in December even with an apparent slash happening sometime in the last week of October.

The next moves of the Fed can affect the international market as a whole. Such rate reductions mean to stimulate the global economy to combat its slowing growth. It’s also timely since the Christmas season, one of the busiest in terms of market movement is coming.

Damon Vickers warns about the perils

The economy is slowing down, but there is no need to worry about the Great Recession happening again, according to Vickers. There are many factors to consider, including weak productivity growth and the aging population not only in the US but in other parts of the world.

Consumers might be taking the winning end of the stick, what with lower monthly costs for purchases like cars and houses. Businesses and borrowers can also benefit from it, but for every positive, there is an opposing downside to it.

“Easy money can be attractive, but also exposes consumers and businesses to economic stresses in the long run,” notes Damon Vickers. For instance, ATM fees and overdraft charges might increase due to slimmer profit margins for banks.

However, tension from early this year, such as the Brexit decision and trade wars, has significantly calmed down. This turn of events might mean the world is yet to experience negative rates for now.

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Will There Be More Global Monetary Stimulus?

The financial industry is clamoring to get ready for a global recession as economic growth continues to slow down significantly. Central banks across the world, especially the powerhouse economies like China and Germany, are set to introduce global monetary stimuli to stave off impending doom. Damon Vickers, New York Times bestseller and professional investor.

Damon Vickers clarifies factors for monetary stimulus

Unlike the strong, synchronized growth of the global economy last 2018, this year’s plight saw a decline in the momentum and diversification of trends that weakened many economies in the world. The US Federal Reserve is looking to cut interest rates in October and December, while Japan is also poised to loosen monetary policies due to the investor and counterpart pressure.

Additionally, central banks of South Africa, Brazil, Switzerland, UK, and Norway are set to have respective meetings amid the rising problem.

Damon Vickers, notes that the escalating trade conflicts, volatility, and rising interest rates have all contributed to the fiscal tightening in different parts of the world. These factors make the introduction of monetary stimulus imminent on a global scale.

Different stimulus from big economies

According to the IHS Markit, global growth stands to decrease from 2018’s 3.2% to 3.1% this year. This number will keep declining in the next several years.

This global economic slowdown has prompted several large economies to take action. US President Donald Trump advised a short-term tax cut on payroll to encourage consumers to spend more. However, Damon Vickers says that a bipartisan agreement on legislation may not take place until a severe decline in the economy is already happening.

In China, fiscal easing comes in the form of infrastructure. Earlier this year, a $250B stimulus package consists of reduced social security contributions for the corporate sector and several tax cuts. Signs of economic slowdown are apparent despite this, which may prompt them to inject around $100-125B through infrastructure spending.

Germany, on the other hand, is considering implementing deficit spending as soon as the growth rate declines at an alarming speed. Their government also indicated a $55B allocation to boost employment and consumer spending should the worst-case scenario come.

“We will be seeing more global monetary stimulus in the coming months to years,” Damon Vickers suggests. “With the economy at a falloff, it’s not only a matter of when but also what measures are to be implemented to battle an upcoming recession.”

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Google AI is Knowledge Bank of Future

In the era of technological advancement, Artificial Intelligence is the sector gaining the most talk today. Google is making leaps and bounds in the industry as an ‘AI First’ company, and Damon Vickers, New York bestselling author and investor ponders on how the tech powerhouse will set the tone for the future.

“Google connects us to an unlimited set of knowledge that we can access anywhere, from homes to cars. Smartphones are instrumental to this shift in learning, and we are lucky to witness it,” Damon Vickers suggests.

The Future of AI

In Google’s I/O developer conference last May, CEO Sundar Pichai tackled the new features and services that incorporate artificial intelligence in everyday life. They develop tools that not only improve knowledge but also help people accomplish tasks efficiently.

For instance, Google Translate can now re-create your voice in a foreign language. Duplex, Google’s new AI-powered assistant, can handle your bookings and appointments using an almost human voice that is hard to discern.

Damon Vickers notes how much these innovations enrich the human experience. “Today, we can leverage technology to perform more complex functions and eliminate errors, especially in repetitive tasks. Computing is at its rocket age, and Google is at the helm of it.”

Artificial intelligence has great potential in helping society. Developments in medicine and ecological mediation can lead to discovery of cures and heal the climate, and it’s not a very distant future from now.

Damon Vickers on investing in AI

“Investing in artificial intelligence might be attractive, but you need to have more than an interest in it before you decide to play in this sector,” Vickers explains. “The AI industry is technically more complex than it seems.”

AI investments often require specific knowledge. You need to ask the relevant questions, and to do that, you should at least have an inkling of what terminologies like deep learning, data mining, and decision trees mean.

“Another key point in AI is that data quantity is more crucial than users,” Damon Vickers adds. “Before tech companies introduce their AI-powered technology to the world, they need to establish a robust algorithm that practically completes the model and makes it usable in the real world.”

AI is poised to expand in the coming years and is attracting investors and users as time goes by. It means that investing in AI might be an excellent thought to consider, but only if you are going in intending to learn the industry better than just knowing what it is.

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Democracy can be Evil, – if the Majority Forsakes the Individual

One of the most beautiful political concepts to have been developed is a democracy. Its idea is to free the oppressed and help ease the stranglehold of politicians among their constituents. It gives us as individuals the free rein to choose based on our preferences.

However, there are downsides to the prevalence of democracy. For Damon Vickers, expert investor and New York Times bestselling author, the twilight of constitutional government is turning dimmer as we forge on into a new decade.

According to a Freedom House report, 2019 has seen a retreat in democracy, seeing political swings and fragile economies struggle to bring about peace due to deep-seated conflict.

What democracy means

By definition, democracy is of Greek origin and means rule by people. It is a government by which people are in authority of choosing the governing legislation.

Damon Vickers notes democracy as a resilient system. It sets a process of tackling conflicts, and the outcomes are highly dependent on how the participants act about it.

Since democracy is an inclusive form of government, some cornerstones are crucial to its establishment. Some of these are freedom of speech and assembly, membership, equality, voting, consent, minority rights, and the right to life.

A democratic government can employ many decision-making methods, but it typically depends on a majority rule or vote. For instance, electoral voting can take place when choosing key individuals to occupy a seat in the government.

“Democracy paints a picture of freedom, but it comes with a price,” Vickers believes. “It can harm individuals, especially those whose opinions and actions divert from the consensus.”

Damon Vickers sees a democratic dilemma

Democracy ideally excludes violence in its premise, since theoretically, any form of abuse is unnecessary. Conflicts are sorted through rational deliberation of parties involved. However, it’s not always the case. Challenges in democracy include the existence of resistance and the role of violence in curbing it.

Another issue that arises in a democracy is the ‘deep fake’ that is a consequence of misinformation, as Damon Vickers elucidates. “The open forum on exchange and input can be used as a tool to inject false information in the narrative of conflicts.

“For instance, a person might be tried by public opinion when they are witnessed to be doing socially unacceptable actions. These can easily go viral over the internet,” Vickers adds. “Any disinformation about a person online can be taken as a fact, which harms their integrity and reputation.

Vickers also stated that although democracy allows freedom, there must also be a sense of responsibility for how majority rule is implemented to protect everyone and not just the interest of those in power.

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Deflation: Central Bank’s Scariest Enemy

The economy undergoes highs and lows, much like any occurrence in this world. Money is continually moving, and not one entity can stop its changes from happening. Damon Vickers, New York Times bestselling author and professional investor, refers to money as the most significant indicator of economic shifts in the world.

“For central bankers, deflation may seem like the nightmare that they are dreading. It’s an unwelcome circumstance that Central Banks around the world just aren’t poised to deal with anytime in the near or distant future.”

Defining deflation

Deflation is the sustained, broad decline in prices in any economy over some time. It is inversely proportional to inflation but is separate from disinflation (positive inflation rate that is failing). It follows the movement of supply and demand, which occur in two scenarios: decreased supply or increased demand for money, and increased supply or reduced demand for goods.

In essence, deflation inhibits spending and borrowing. For any depressed economy, this limitation is dangerous. “People defer paying for goods or taking out loans to wait for much lower prices. When this happens, central banks clamor to remedy a weakening economy, which happens as a result of deflation,” Damon Vickers explains.

Other than this problem, deflation also causes a more significant burden on debt repayment for borrowers. Debts are fixed in monetary terms, but income and wage most likely fall during a deflation. Having loans at a time of deflation subjects the borrower to further debt, given that the money lent by the financial institution grows in worth.

Vickers adds, “this phenomenon causes the ripple effect on an economy’s corporate sector. Downsizing and deferment of spending on capital expenditures are common in deflation.”

Damon Vickers notes how central banks respond

Central banks fight deflation mainly through decreasing interest rates. It permits banks to stimulate money by allowing more loans, which consequently encourages inflation. The boon of triggering a little increase is evident, but it does not solve the problem entirely.

“What the government can do is introduce more money to the country’s economy by asset purchasing. By doing so, more jobs and incomes are created, and urges consumers to start spending again,” Damon Vickers expounds.

Additionally, the government can also attribute longer maturities for bonds. This intervention policies ease the effects of deflation and stimulate the economy to keep it from falling further into the below-zero marks.

“The cooperation between fiscal and monetary authorities is essential at times like this; when there is a unified goal to address the issue, deflation becomes a bit easier to bear and remedy in the long run,” Vickers closes.

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US Bear Market: Is It Inevitable?

The investment cycle may be coined with different terms like the bull and bear market, but the concept is not as simple as it seems. Investors are aware that rising and falling prices are a natural part of the cycle, but it’s also an essential guide of how to think and react to any movement in prices.

Damon Vickers, New York Times bestseller and expert investor, believes that an investor should be steadfast despite changes in markets. “It’s not an investment if there are no risks and no constant change in our world. We have to adapt and think quickly on our feet,” stated Vickers in a press interview.

What is Bear Market?

Many investors know Bear Market to be the natural part of an investment cycle wherein securities prices decline by 20% or more following a recent peak. It commonly applies to the overall market or index such as the S&P 500. It happens for a considerable period, which may last from two months and up.

The term stems from a bear’s predatory instincts of swiping their target downwards using their paws. The consequence of this part of the investment cycle includes drop in share prices, panic within the industry, capital loss and more.

“A bear market is inevitable, especially since we are experiencing a slow economy,” explains Damon Vickers. “We’ve been in this cycle since December, and it’s a critical time to be the wise investor.”

How Damon Vickers Sees it as Motivation

Pessimism prevails in a bear market. Since it’s indicative of a slowing economy, markets could crash because key players overlook any improvement and instead bank on fears of a recession.

However, Damon Vickers insists that it’s not the end but beginning of another challenge for traders. “We are entering the era of smart investments. It’s suitable to buy high-quality shares at lower prices.”

During this period, it is essential to consider businesses that present a competitive management team and strong balance sheets despite the falling market. These companies will emerge as winners once the bear market slowly leads into a bull market or a steady rise in the trading industry.

It’s not easy to stop the bear market, but Vickers encourages people to remain rational and avoid panicking. In the event of a market crash, less disciplined investors sell stocks hastily, which ultimately worsens the condition and, thus, the bear market.

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