To stay relevant in cryptocurrency trading, follow these strategies:
_Stay Informed_
1. _Follow industry leaders and news outlets_: Stay up-to-date on market trends, regulatory changes, and technological advancements.
2. _Participate in online communities_: Engage with other traders and experts on platforms like Twitter, Reddit, and Telegram.
_Develop a Trading Strategy_
1. _Set clear goals and risk tolerance_: Define your investment objectives and risk management approach.
2. _Choose a trading style_: Decide between short-term trading, long-term investing, or a combination of both.
3. _Stay adaptable_: Be prepared to adjust your strategy as market conditions change.
_Continuously Learn and Improve_
1. _Invest in education and training_: Enhance your trading skills and knowledge through online courses, webinars, and workshops.
2. _Analyze your performance_: Regularly review your trades to identify areas for improvement.
3. _Stay up-to-date with market analysis tools_: Leverage technical and fundamental analysis to inform your trading decisions.
_Embrace Emerging Trends and Technologies_
1. _DeFi and decentralized exchanges_: Explore the potential of decentralized finance and trading platforms.
2. _Blockchain advancements_: Stay informed about improvements in scalability, security, and usability.
3. _Regulatory developments_: Monitor changes in cryptocurrency regulations and compliance requirements.
_Diversify and Manage Risk_
1. _Spread investments across assets_: Reduce risk by allocating your portfolio across various cryptocurrencies and assets.
2. _Use stop-loss orders and position sizing_: Manage risk through smart trading practices.
3. _Stay disciplined and patient_: Avoid impulsive decisions based on emotions.
By following these strategies, you can stay relevant in the fast-paced world of cryptocurrency trading and make informed decisions to achieve your investment goals.
_The Challenges Nigerian Graduates Face After NYSC_
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_The Challenges Nigerian Graduates Face After NYSC_
After completing their National Youth Service Corps (NYSC) program, many Nigerian graduates face significant challenges in their pursuit of employment and career growth. Some of the key challenges include:
_Lack of Job Opportunities_
1. _High unemployment rate_: Nigeria's unemployment rate is alarmingly high, making it difficult for graduates to find employment.
2. _Limited job openings_: The number of job openings is often insufficient to accommodate the large number of graduates.
3. _Competition for jobs_: Graduates face stiff competition for available job openings, making it challenging to stand out.
_Skills and Experience Gap_
1. _Lack of relevant skills_: Many graduates lack the skills and training required by employers, making them ineligible for job openings.
2. _Insufficient work experience_: Graduates often lack the work experience needed to secure employment, creating a catch-22 situation.
_Poor Economic Conditions_
1. _Economic recession_: Nigeria's economic recession has led to a decline in job opportunities and a decrease in purchasing power.
2. _High cost of living_: The high cost of living in Nigeria makes it challenging for graduates to afford basic necessities, let alone save for the future.
_Inadequate Support System_
1. _Lack of mentorship_: Graduates often lack guidance and mentorship to help them navigate the job market.
2. _Insufficient career counseling_: Many graduates receive inadequate career counseling, leading to poor career choices.
_Societal Pressures_
1. _Expectations from family and friends_: Graduates face pressure from family and friends to secure employment and start contributing to the household income.
2. _Social media comparisons_: Social media platforms create unrealistic expectations and comparisons, leading to feelings of inadequacy and stress.
To address these challenges, the Nigerian government, educational institutions, and private sector organizations must work together to:
1. _Improve the economy_: Implement policies to stimulate economic growth and create job opportunities.
2. _Enhance skills training_: Provide graduates with relevant skills and training to meet employer demands.
3. _Foster mentorship and career counseling_: Offer guidance and support to help graduates navigate the job market.
4. _Promote entrepreneurship_: Encourage graduates to consider entrepreneurship as a viable career option.
5. _Address societal pressures_: Educate society about the challenges faced by graduates and promote realistic expectations.
By addressing these challenges, we can empower Nigerian graduates to overcome the obstacles they face after NYSC and achieve their full potential.
_Recommendations for Graduates_
1. _Develop in-demand skills_: Acquire skills that are in high demand in the job market.
2. _Build a strong network_: Establish relationships with professionals in your industry.
3. _Consider entrepreneurship_: Explore entrepreneurial opportunities as a viable career path.
4. _Stay positive and resilient_: Maintain a positive attitude and persevere through challenging times.
5. _Seek guidance and support_: Leverage mentorship and career counseling to navigate the job market.
Assessing Donald Trump's Candidacy for the Upcoming USA Presidential Election
Donald Trump, the 45th President of the United States, has announced his intention to run for re-election in the upcoming presidential election. To evaluate his candidacy, we must consider his policies, actions, and impact on the country.
*Economic Policies:*
1. *Tax Cuts:* Trump implemented significant tax cuts, which boosted economic growth and created jobs.
2. *Trade Deals:* He renegotiated trade agreements, such as NAFTA and the US-China trade deal, to promote American interests.
3. *Immigration:* Trump's immigration policies aim to protect American jobs and ensure national security.
*Domestic Policies:*
1. *Healthcare:* Trump's administration has attempted to repeal and replace the Affordable Care Act (ACA), but has faced resistance.
2. *Education:* He has promoted school choice and vocational training initiatives.
3. *Infrastructure:* Trump has pledged to invest in infrastructure development, but progress has been slow.
*Foreign Policy:*
1. *Isolationism:* Trump's "America First" approach has led to a more isolationist foreign policy, which has been criticized by some.
2. *Military Strength:* He has increased military spending and taken a tough stance on terrorism.
3. *Diplomacy:* Trump's diplomatic efforts have been marked by controversy, including his dealings with North Korea and Russia.
*Controversies and Criticisms:*
1. *Divisive Rhetoric:* Trump's language has been criticized for being divisive and inflammatory.
2. *Investigations:* He has faced multiple investigations, including those related to Russia interference and impeachment proceedings.
3. *Climate Change:* Trump has been accused of undermining climate change efforts and withdrawing from the Paris Agreement.
*Conclusion:*
Evaluating Donald Trump's candidacy for the upcoming presidential election is complex. While he has implemented policies that have boosted economic growth and promoted American interests, his presidency has also been marked by controversy and criticism.
*Supporters' Arguments:*
1. *Economic Growth:* Trump's economic policies have led to sustained growth and job creation.
2. *America First:* His approach has prioritized American interests and promoted national sovereignty.
3. *Unconventional Leadership:* Trump's unconventional style has shaken up the political establishment and inspired a devoted base.
*Opponents' Arguments:*
1. *Divisive Leadership:* Trump's rhetoric and policies have divided the country and harmed marginalized communities.
2. *Inadequate Response to COVID-19:* His administration's handling of the pandemic has been criticized for being slow and ineffective.
3. *Undermining Institutions:* Trump has been accused of eroding trust in institutions, including the media, judiciary, and intelligence agencies.
Ultimately, whether Donald Trump is the best candidate for the upcoming presidential election depends on individual perspectives and priorities.
Late Former President Umaru Musa Yar'Adua Of Nigeria: A Legacy Of Integrity And Progress
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Late Former President Umaru Musa Yar'Adua of Nigeria: A Legacy of Integrity and Progress
Late President Umaru Musa Yar'Adua, who served from 2007 until his passing in 2010, is widely regarded as one of the best presidents in Nigeria's history. His tenure was marked by significant achievements and a commitment to good governance, integrity, and the well-being of the Nigerian people.
*Integrity and Transparency*
1. *Anti-Corruption Efforts*: Yar'Adua's administration launched several initiatives to combat corruption, including the establishment of the Independent Corrupt Practices Commission (ICPC).
2. *Financial Transparency*: He introduced measures to increase transparency in government finances, such as the publication of monthly budget execution reports.
*Economic Development*
1. *Infrastructure Development*: Yar'Adua's administration invested heavily in infrastructure projects, including roads, bridges, and energy generation.
2. *Economic Reforms*: He implemented policies to promote economic growth, such as the National Economic Management Team (NEMT) and the Economic Recovery Program (ERP).
*Social Welfare*
1. *Healthcare*: Yar'Adua's administration launched initiatives to improve healthcare services, including the establishment of the National Health Insurance Scheme (NHIS).
2. *Education*: He introduced programs to enhance education, such as the National Teachers' Institute (NTI) and the Nigerian Education System Reform (NESR).
*Good Governance*
1. *Constitutional Reforms*: Yar'Adua's administration initiated constitutional reforms to strengthen democratic institutions and promote good governance.
2. *Security and Stability*: He implemented measures to address security challenges, such as the establishment of the Presidential Committee on the Niger Delta (PCCND).
*Legacy*
Yar'Adua's legacy continues to inspire Nigerians, and his presidency serves as a model for good governance and integrity. His commitment to the well-being of the Nigerian people and his efforts to promote economic development, social welfare, and good governance have left a lasting impact on the country.
*Why He Stands Out*
1. *Integrity*: Yar'Adua's reputation for integrity and honesty set him apart from other leaders.
2. *Humility*: He was known for his humility and willingness to listen to others.
3. *Visionary Leadership*: Yar'Adua had a clear vision for Nigeria's development and worked tirelessly to achieve it.
*Conclusion*
Late President Umaru Musa Yar'Adua's presidency was a testament to the power of integrity, transparency, and visionary leadership. His legacy continues to inspire Nigerians, and his presidency serves as a model for good governance and development. As Nigeria continues to navigate its challenges, Yar'Adua's example remains a guiding light for a brighter future.
*Recommendations*
1. *Emulate Yar'Adua's Integrity*: Leaders should strive to emulate Yar'Adua's commitment to integrity and transparency.
2. *Prioritize Good Governance*: Governments should prioritize good governance, economic development, and social welfare.
3. *Learn from Yar'Adua's Legacy*: Nigerians should learn from Yar'Adua's legacy and work towards creating a better future for the country.
Things Entrepreneur Needed To Excel In His/her Career
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As an entrepreneur, it's essential to adopt certain habits and mindsets to drive success. Here are 5 things to imbibe:
1. *Resilience*: Develop a growth mindset and learn from failures. Embrace challenges as opportunities for growth and improvement.
2. *Adaptability*: Stay agile and open to change. Be willing to pivot your business strategy if something isn't working.
3. *Continuous Learning*: Invest in your personal and professional development. Stay updated on industry trends, best practices, and new technologies.
4. *Strategic Networking*: Build a strong network of mentors, peers, and partners. Nurture relationships that can provide valuable feedback, support, and opportunities.
5. *Innovative Thinking*: Encourage creativity and experimentation within your organization. Stay ahead of the competition by finding innovative solutions to problems and identifying new opportunities.
Additionally, consider the following:
- *Set clear goals and vision*: Define your purpose and objectives, and align your actions with them.
- *Foster a positive company culture*: Create a work environment that inspires motivation, collaboration, and productivity.
- *Emphasize customer satisfaction*: Prioritize customer needs and strive for excellence in service delivery.
- *Stay organized and efficient*: Streamline processes, manage resources effectively, and minimize waste.
- *Lead by example*: Demonstrate integrity, accountability, and leadership qualities that inspire your team to follow.
By embracing these habits and mindsets, you'll be better equipped to navigate the challenges of entrepreneurship and drive success for your business.
Why Some Economists Are Ignoring Recession Signals
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To some top economists, previously reliable recession indicators are beginning to look like smoke detectors with dead batteries—blaring incessantly but not necessarily signaling any real danger.
The recession outlook has been on a roller coaster ride this month, with fears spiking early in the month and then receding as various reports on the health of the U.S. economy sent conflicting signals. Amid the whiplash, some economists are comfortable ignoring their traditional tools for predicting recessions, including the inverted yield curve and the Sahm Rule.
Forecasters have been questioning whether the U.S. economy will enter a recession since the recovery from the COVID-19 pandemic began. Those arguments got louder in 2021 when the economy accelerated and prices rose rapidly. Spiking inflation is usually followed, sooner or later, by a major economic slowdown.
Since then, inflation has slowed to near pre-pandemic levels, but the possibility of a recession remains. Because the current economic situation is so different from past recessions, economists find some of their old tools less useful as they enter uncharted territory.
The most persistent recession alarm comes from the bond market.
Ever since July 2022, the yield on 2-year treasury bonds has been higher than the yield on 10-year treasury bonds. In a healthy economy, it’s the other way around, with longer-term securities having higher yields than short-term ones. When investors believe a recession is ahead, that relationship is reversed, a condition called the inverted yield curve.Bond traders accept lower yields on longer-term debt when they think a recession is ahead for several reasons. One is that they believe the Federal Reserve will cut its benchmark interest rate in the future—and the Fed often cuts interest rates when the economy is in a recession.Indeed, Fed rate cuts are on the horizon. Fed Chair Jerome Powell said in a speech Friday that "the time has come for policy to adjust," as inflation continues to moderate and the labor market cools.
In March 2022, the Fed steadily hiked its influential fed funds rate from near zero. That has pushed up borrowing costs on mortgages, car loans, credit cards, and other debt in an effort to discourage borrowing and spending, slow the economy, and quash runaway inflation. In July 2023, the Fed raised the rate to its highest since 2001 and has held it there ever since.Since then, inflation has cooled nearly to pre-pandemic levels. If inflation slows down to the Fed’s goal of a 2% annual rate without an economic crash, that would be a historical rarity. Usually, when the Fed hikes interest rates to control inflation, a recession has followed. Still, it’s possible that bond investors are anticipating this “soft landing” rather than a recession.“Investors, as a group, aren’t buying into the U.S. recession story at this point,” Avery Shenfeld, an economist at CIBC, wrote in a commentary. “Instead, the market’s behavior is consistent with our view that rates are coming down because inflation has been vanquished and that an easing in policy would help avoid a true economic downturn.”
The CME Group’s FedWatch tool, which forecasts fed rate movements based on fed funds futures trading data, pegs the fed funds rate in the 3%-3.5% range by September 2025. In past recessions, the Fed has slashed the fed funds rate to near zero to spur the economy back to life with easy money.
Another formerly reliable indicator is the Sahm Rule, named after its creator, economist Claudia Sahm.
The rule is based on the observation that past recessions have been foreshadowed by a certain uptick in the unemployment rate that quickly snowballs into widespread job losses. An early-August report from the Department of Labor showed the unemployment rate rising just enough to trigger the Sahm Rule.
That’s bad news for the economy since the Sahm Rule has been accurate when applied to recessions over the last 50 years. But many economists, including Sahm herself, are skeptical that the economy has actually gone into a downturn.“We are not in a recession now—contrary the historical signal from the Sahm Rule—but the momentum is in that direction,” Sahm told CNBC earlier this month. “A recession is not inevitable, and there is substantial scope to reduce interest rates.”In past downturns, the unemployment rate has risen because businesses were laying people off. This time, the unemployment rate, which just measures how many job-seekers are out of work, has risen in part because more people are for jobs. It may also have been driven up temporarily by storms in July.Earlier this week, Jan Hatzius, chief economist at Goldman Sachs, dismissed the Sahm Rule’s relevance to the current situation when he cut his recession forecast to 20% at some point in the next year, down from 25%. He noted that several foreign countries, including Canada, have recently experienced significant upticks in their unemployment rates without their economies completely going down the tubes.
Not every expert agrees with these dismissive assessments.
Richard M. Salsman, an economist at the American Institute for Economic Research, a libertarian think tank, said that the persistent signal from the yield curve and the more recent warning from the Sahm Rule should be taken seriously.
“The two measures together are significant and telling,” Salsman wrote in a commentary this week. “First, we get the signal that another recession will arrive within 12-18 months, then we get the signal that says recession is imminent. The door knocks are getting harder and louder. Something’s out there.”
Financial markets are closely watching each new report for signs that one side or the other is correct. The S&P 500 stock index fell sharply in early August after a streak of indicators pointed to the economy slowing down. The market rallied over the next few weeks as reports on retail sales and inflation made a recession seem less likely.That whiplash could continue as long as the recession outlook stays murky. The Fed’s high interest rates have already had far-reaching impacts, including contributing to a surprising spate of bank failures last year, and still more shoes could drop before interest rates settle at a new normal.“The risk of recession will remain elevated until past rate hikes finally work their way through the economy,” Robert Fry, an independent forecaster, said in a commentary. “As long as that is true, markets will remain tense and will overreact to data that deviate from expectations.”
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