FINANCE & TECH

Indian Car Sales To Overtake Chip Shortage And Coronavirus Stricken Germany’s; Report

More cars will be sold in India this year and next than in Germany, thanks to European shortages in semiconductors lasting into the first half of 2022 and the latest version of the coronavirus now causing much disruption to sales in Europe, according to a report by the Center for Automotive Research (CAR).
Don’t expect a full-throttle global recovery until 2023.
Over the years, the automotive industry has traditionally battled overcapacity and seen its profitability threatened by manufacturers seeking to offload a surplus of vehicles sometimes at any price. Now, as demand has revived following the long coronavirus shutdown, the reverse is true, as buyers clamour to replace old vehicles and find supply thin and long waiting lists.

Not surprisingly, profits for mass car makers like VW crumbled as sales dived, but paradoxically premium manufacturers like BMW, Mercedes and Tesla

TSLA
were able to concentrate on selling high margin cars and SUVs. High demand meant little pressure to cut margins to encourage sales and overall profits were boosted.

Duisberg, Germany-based CAR said global sales will rise 3% this year to 70.5 million after falling 14% the previous year. Sales in Germany will slide 8% to 2.7 million, while India’s will jump 20% to 2.9 million. Sales in the U.S. will gain 4% to 15 million and China’s will be up 2% to 20.2 million.

The pre-pandemic peak of 79.7 million won’t be achieved by 2023, but this might be approached in 2025.
Things will start to turn around next year as German sales advance to 3 million, U.S. and China rise 5%, while India slows to 5% growth and 3.1 million.

Electric cars will give a big boost to German sales in 2023.
“It’s (the global car market) currently a rare phenomenon. The supply side of the market is paralyzing. Overcapacity has caused problems in the last 30 years. There are currently production downtimes due to the side effects of the coronavirus pandemic, delivery bottlenecks for semiconductors, logistic turbulence, and increases in raw material prices. A full recovery is unlikely to take hold until 2023,” CAR director Professor Ferdinand Dudenhoeffer said.

“Only in the 2nd half of 2023 can one expect strong double-digit growth in the German car market,” Dudenhoeffer said.
“It remains to be seen whether Germany can overtake India again. In 2023 the supply backlog in Germany will be resolved, while with the average age of German cars and SUVs more than 10 years, high new vehicle sales are expected and electric cars will driving the wave of renewal,” he said.
Meanwhile, the total value of German car sales is likely to remain well ahead of India’s for a while yet.
Maruti Suzuki has close to a 50% market share in India, followed by Hyundai Motor India, Mahindra & Mahindra, and Tata Motors. […]

FINANCE & TECH

What’s Next For Bitcoin After It Fell To $42,000 And Recovered?

Bitcoin prices have suffered some intense volatility lately, falling to their lowest since September.
The digital currency reached $42,019.86 yesterday, CoinDesk figures show.

At this point, the cryptocurrency was down close to 40% from the all-time high of nearly $69,000 it reached last month, additional CoinDesk data reveals.
When explaining this sharp decline, several analysts pointed to spot selling. The downward price movement that resulted fueled a long squeeze, creating further losses, CoinDesk reported.
Since that time, the digital asset has bounced back, repeatedly moving toward $50,000 both yesterday and today.
[Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.]

Following these latest price movements, several technical analysts weighed in on the key levels of support and resistance that market observers should watch going forward.
Crucial Resistance Levels

Ben McMillan, CIO at IDX Digital Assets, commented on the matter, stating that “$50k will be a key psychological level that bitcoin bulls will be eyeing to see if bitcoin can bounce back into $50k territory quickly and hold.”

“After that, $53k has been the key level that saw some resistance back in September as well as during the rally in October,” he stated.
Armando Aguilar, vice president of Digital Assets Strategy for Fundstrat Global Advisors, also pointed out the key levels bitcoin could hit if it keeps rising.

“Tradingview.com indicators show us that [the] resistance area is at $52k – $53k, if resistance breaks those levels we see the next resistance level coming around $57k-$58k.”
Aguilar also spoke to recent improvement in the Relative Strength Index, a momentum indicator that analysts use to get a better sense of whether an asset is either oversold or overbought.

“RSI saw a higher low despite the market downturn,” he stated. “This is important because it provided a good sign for the speed of recovery.”
Important Support Levels
Experts also shed some light on where bitcoin could go if traders push it lower.
“As predicted, after breaking below the daily Ichimoku cloud, Bitcoin’s price touched on two out of three key psychological levels traced by Fibonacci on Saturday before correcting some of the losses,” said Kiana Danial, CEO of Invest Diva.
The indicator she mentioned, the Ichimoku cloud, takes several averages and incorporates them into a single chart, which then displays an asset’s trend, momentum, support and resistance.
“On Sunday, the BTC/USD pair opened below the 50% Fibonacci retracement level of $49,500,” she stated. “This indicates the bearish momentum has not completely stopped yet.”
“The key support levels following the Fibonacci retracement strategy are now at $44,800 and $40,700, with the neckline of the potential long-term double top chart pattern laying on $31K.”
McMillan also commented on important price levels the world’s most prominent digital currency could encounter if it pushed lower.
“On the downside, $47-$48k is the support level that bulls would want to see hold. If bitcoin breaks back below that threshold, then it could re-test $40k-$42k quickly,” he stated.
Aguilar also offered some input on the matter, noting that “Traders should keep a close eye on resistance levels of $52k – $53k as it may lead to market over reaction and retest levels in the mid $40ks.”
Katie Stockton, the founder and managing partner of Fairlead Strategies, LLC, provided additional perspective on bitcoin’s recent price movements and outlook, suggesting that traders use a “wait and see” approach in a tweet she posted yesterday.
“An overnight downdraft has #bitcoin below widely watched $53K support – rarely a good idea to sell into this kind of move, rather wait to see if the breakdown is confirmed (we will know by Monday),” she wrote.
Disclosure: I own some bitcoin, bitcoin cash, litecoin, ether, EOS and sol. […]

LIFESTYLE PRODUCTS

Personalized Mens Wallet Trifold Mens Wallet Leather Wallet | Etsy Canada

This personalized RFID blocking leather trifold wallet makes a great keepsake. Give your loved ones the joy!This is the perfect gift for a son, Father, groomsmen, husband, Father of the bride on Birthday, Anniversary, Wedding, Graduation, Christmas. Or it may simply be a love note!This trifold wallet made of slim and soft genuine top grain cowhide leather with RFID blocking material.RFID lining – every pocket is shielded, protecting your identity even when open.*************************************************************************************Attention! This listing contains two different trifold models: wallet # 1 and wallet # 2. Look carefully, each photo is signed: wallet # 1 or wallet # 2. Also carefully select in the line “Wallet color and #model” the model of wallet you need # 1 or # 2.COLOR: Wallet #1 is presented in the following colors: Black, Brown, Toffee, Black/Toffee, Antique Saddle.Wallet #2 is presented in the following colors: Black, Toffee, Black/Toffee.See the last photo of an item with colors.Note that each monitor distorts color reproduction.*************************************************************************************SIZE: folded 4″ x 3″*************************************************************************************CONTENT inside:#1 Wallet:- 1 slot for driver license/ID- 7 slots for cards- 2 compartments for cash/receipts/bills/checks- 2 internal slots for keys#2 Wallet:- 1 slot for driver license/ID- 16 slots for cards- 2 compartments for cash/receipts/bills/checks- 2 internal slots for keysPlease note that the lining fabric is changing. And it can always be different: different colors, different patterns on the fabric. We mainly use striped patterns in dark colors.*************************************************************************************PERSONALIZATION:We will put text of any length under your responsibility. But remember – the longer the text, the smaller the font and poor readability.The following is just our recommendation:- FRONT: usually front engrave initials/monogram.Initials are composed of two or three letters of the same size. Monogram consists of three letters, the middle letter of which more than extreme letters.If you want the text in front, then write me a message.- INSIDE: secret message can be placed inside on place 1 (max 60 characters), place 2 (max 60 characters), place 3 (max 60 characters), place 4 (max 40 characters), place 5 (max 80 characters). Look at the photos.- BACK: place 6 available space for your text (max 100 characters). See all photos.When counting characters spaces and punctuation marks count too!Your personalization write a note to the order. If you do not want your text was in quotation marks, do not write them, please.The engraving on the leather always turns out differently and the color is impossible to predict. Since leather is a natural material, and the color of the engraving depends on the ph composition of the leather. It happens darker, it happens lighter. The quality is always good, the engraving will never be erased, but over time, the color may also change: it may become darker or lighter.Please note that for better visibility of the engraving, do not look at a right angle at the wallet. You need to hold the wallet in your hands at an angle to the light source, as in all my photos, then the engraving is perfectly visible.*************************************************************************************CONTACT:If you have questions how to order and how to choose the personalization option, then do not hesitate to ask! Write messages that promise to respond within 12 hours.*************************************************************************************We suggest you visit the other stores of our family’s creativity!”LeatheRinGoods” Personalized leather keychains https://www.etsy.com/shop/LeatheRinGoods?ref=hdr_shop_menu”KolesovArt” Paintings on Canvashttps://www.etsy.com/shop/KolesovArt?ref=hdr_shop_menuThank you for your visit! Enjoy the shopping! […]

LIFESTYLE PRODUCTS

Anniversary Gift for Himpersonalized Walletmens | Etsy Canada

Anniversary Gift for Him,Personalized Wallet,Mens Wallet,Engraved Wallet,Leather Wallet,Custom Wallet,Boyfriend Gift for Men,Gift for DadSTYLISH, SPACIOUS, SAFE and SENTIMENTAL. With handcrafted exquisite top-grain leather from Argentina, RFID blocking technology, and the option for custom engraving, this bifold wallet makes the perfect custom-made gift for him.Add initials, favorite catchphrase, quote or inside Joke to make it extra unique and special! Every single one of our beautiful wallet is handcrafted to perfection and subject to rigorous quality control standards. It comes in a quality, function and style that are unavailable from competing product:- It’s made with top grain ARGENTINIAN LEATHER that has a pleasant smell. It softens naturally with use and ages beautifully with time. The inside pocket material is nylon fabric.-Each of the 12 card slot is equipped with RFID BLOCKING lining, keeping your personal and financial info safe. -Measuring only 4.3″ x 3.5″ when closed, our wallet has a huge capacity of 10 card slots in total-8 visible card slots, 2 hidden slots underneath each side, and 1 NON-REMOVABLE Flip up ID Windows, which you can put ID or photos on both sides. It even has a split billfold to keep your money and receipts organized.*** Please choose your font otherwise I will write with TIMES NEW ROMAN font.*** Your message can contain a maximum of 5 lines of text and maximum 5 words per line.(Maximum 25 words)*** I can only write what you wrote, therefore I am not responsible for any typo.*** If you want to engrave your initials/names with capital letters please type it CAPITAL. Otherwise, I will copy/paste and engrave your text or initials as you uploaded them in the personalization section.Our wallet makes a perfect gift for him on his Birthday, Anniversary, Graduation, Wedding, Thanksgiving, Christmas, or Father’s Day, or even just a treat for yourself! Click “Add to Cart” right now and order yours today! […]

LIFESTYLE PRODUCTS

Travel Wallet for Men the Adventurous Passport Fields Note | Etsy

Are you looking for a field notes cover that can hold your pen, credit cards, ID, or cash while on the move ?This Sleek Rustic Leather Travel wallet is designed to keep your id credit card cash, passport, Fields note and silver pen safely with snap closure so that you may enjoy your travel knowing all your belongings are safe with you. With Free personalization, This travel wallet will be only thing that you would like to carry while traveling. It would be perfect Christmas, anniversary or birthday gift for your loved ones, you have found the one. * Special Launch Deal 50 off + Free personalization + Free domestic shipping + 1 day processing time.Your wallet will be shipped next day from our workshop located near Houston Downtown, TX.This slim wallet will perfectly fit in your travel bags, backpacks or purses.Our wallet Hand sewn (traditional two-needle double hand stitching technique) by our legendary leather craftsmen. It is Made with world’s famous full grain veg tanned distressed leather, combined with strongest hand-stitching and you have a wallet made to stay with you for a lifetime! The leather is specially treated to look get a vintage look as it ages.ITEM DETAILS: > Made out of top-notch full grain leather > Size 4.25″x 5.85″ when folded > Can hold up 4+ Card, Cash Money + Pen + Field Notes or Your Passport* Fullgrain Leather- It is the top layer of the cowhide, which is the most expensive and durable part. It’s higher quality, tougher, thicker than cheap, standard genuine leather.It becomes soft and supple as it ages. When you want the highest quality leather that will last forever, always go full-grain.PERSONALIZATION:- We can personalize this master piece wallet up to 4 letters with traditional heated embossing technique w/ brass letters. -Note: Only capital letters available for embossing – Please provide us your initials in the “Add an optional note to seller or at personalization” box during checkout. […]

LIFESTYLE PRODUCTS

TRIFOLD Men’s Wallet the Vincent Leather Wallet for Him | Etsy

TRIFOLD Men’s Wallet, Leather wallet for Him, Minimalist Wallet, Personalized Wallet Gift, Handmade Gift for HimThis is the Vincent Trifold wallet our Special addition sleek and slim leather wallet.It is Hand sewn (traditional two-needle double hand stitching technique) by our legendary leather craftsmen for you. This super slim wallet is extremely convenient to carry in front or back pocket. It specifically designed for people like you who does not want to have bulky wallet. If you are looking for a perfect Christmas, anniversary or birthday gift for your loved one, you have found the one that will be admired.It is Made with Antique full grain veg tanned distressed leather, combined with strongest hand-stitching and you have a wallet made to stay with you for a lifetime! The leather is specially treated to look get a vintage look as it ages.ITEM DETAILS:* Slim design so that you can carry event at your front wallet comfortably* Size : 3.0” x 4.5” (when folded)* Made with world’s famous distressed leather,* Can hold up 6+ cards and lots of cash comfortably,* Fullgrain Leather- It is the top layer of the cowhide, which is the most expensive and durable part. It’s higher quality, tougher, thicker than cheap, standard genuine leather.* It becomes soft and supple as it ages. When you want the highest quality leather that will last forever, always go full-grain.PERSONALIZATION:- We can personalize this master piece wallet up to 6 letters with traditional heated embossing technique w/ brass letters. — Please provide us your initials in the “Add an optional note to seller or at personalization” box during checkout.- The default & ideal location is the right corner on the front of the wallet. […]

LIFESTYLE PRODUCTS

Leather Duffle Bag Large Travel Bag Mens Leather Weekend | Etsy

Handmade Item%100 Genuine Leather – Best Quality Oil-Tanned Full Grain CowhideDuffle Bag, Travel Bag, Personalized Groomsmen Gift, Custom Leather Holdall Bag, Leather Personalized Gift, Mens Duffle Bag, Father’s Day Gift, Birthday Gift, Gift for HimSize XL Duffle Bag: has separate shoe compartmentsApprox. 21” x 11” x 11” inches Size Small : don’t have shoe compartmentsApprox. 16″ x 9″ x 9″ inchesColor Options: Light Brown, Dark Brown, Black and BrownPERSONALIZATION INSTRUCTIONSPlease tell us your personalization request in the “Add an optional note to seller” box during checkout. Add Initials: Max of 5 CharactersWe will emboss your initials or names to the luggage tag […]

LIFESTYLE PRODUCTS

Green Leather Wallet Women Leather Women's Wallet Card | Etsy Canada

Green leather wallet women, Leather women’s wallet, Card wallet, Custom bifold wallet, wallet phone case, 3rd anniversary gift, Mom gift~~~~~~~~~~~~~~~~~~~~~~~~~~~~~[PRODUCT DIMENSIONS]~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~When it is closed its dimensions~~~ 7.87 by 4.33 in~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~[PRODUCT FEATURES]~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 5 Card pocket, allowing you to carry 2+ cards.~~~ 1 Coin Pocket~~~ 1 Cash pocket ~~~ 1 Checkbook Pocket~~~ 1 Phone Case Holder Pocket~~~~~~~~~~~~~~~[ PERSONALIZATION INSTRUCTIONS ] (optional)~~~~~~~~~~~~~~~^^^ Tell us your initials in the “Add an optional note to seller” box during checkout. ^^^You can specify the location of your initials. If you don’t tell specifically where would you like to have the initials, the default location is the bottom right corner on the front of the wallet. ~~~~~~~~~~~~~~~~~~~~[MORE DETAILS ABOUT OUR PRODUCTS]~~~~~~~~~~~~~~~~~~~~~~~100% FULL GRAIN LEATHER: It is the number one quality in the leather market for the leather lover for personalized items.HIGH QUALITY – LONG LASTING LEATHER – The best Full Grain, Leather that is guaranteed to last. Combined with high quality stitching and you have a wallet made to stay with you for a long time! Crafted from strong, 100% Full-Grain Leather, which takes hits well and looks even better with age. FULL-GRAIN – It is the top layer of the cowhide, which is the most expensive and durable part. It’s higher quality, tougher, thicker than cheap, genuine leather and longer lasting than stingray. It becomes soft and supple as it ages. When you want the highest quality leather that will last forever, always go full-grain. […]

LIFESTYLE PRODUCTS

Anniversary Gift for Women Christmas Gifts for | Etsy

Anniversary Gift for Women,Christmas Gifts for Mom,Her,She,Wife, Personalized Women’s Zipper Wallet,Mothers Day Gifts,Flower Long WALLET👉LEATHER Wallet has a soft velvety texture it is strong despite its soft texture. I use distressed top grain cowhide leather.👉 FUNCTION * A zipper pocket for notes or coins.* 8 pockets for business cards.* Two compartments for notes* Pocket for the phone.* RFID blocking lining.👉 DIMENSIONS* 7.68″ by 3.75″ (19.5 cm by 9.5 cm)This is the reason why it is more expensive, also hard for manufacturers to purchase and craft.Each of the 8 card slot is equipped with RFID blocking lining.👮‍♂️👮‍♂️ […]

LIFESTYLE PRODUCTS

Personalized Christmas Gifts for Momhershewife Women | Etsy Canada

Personalized Christmas Gifts for Mom,Her,She,Wife, Women WALLET, Mothers Day Gifts,Anniversary Gifts,Women’s Zipper Leather Wallet, Keychain.👉LEATHER Wallet has a soft velvety texture it is strong despite its soft texture. I use distressed top grain cowhide leather.👉 FUNCTION * A zipper pocket for notes or coins.* 8 pockets for business cards.* Two compartments for notes* Pocket for the phone.* RFID blocking lining.* Handle👉 DIMENSIONS* 7.68″ by 3.75″ (19.5 cm by 9.5 cm)This is the reason why it is more expensive, also hard for manufacturers to purchase and craft.Each of the 8 card slot is equipped with RFID blocking lining.👮‍♂️👮‍♂️👉 ENGRAVE OPTIONS* Name or initials.*** I can only write what you wrote, therefore I am not responsible for any typo.*** If you want to engrave your initials/names with capital letters please type it CAPITAL. Otherwise, I will copy/paste and engrave your text or initials as you uploaded them in the personalization section. […]