ASIA: China’s economy grew 4.8 percent in the first quarter, the National Bureau of Statistics said Monday, warning of “significant challenges” ahead as a resurgence of the coronavirus threatens Beijing’s ambitious annual target. China’s gross domestic product growth was better than expected at 4.8 percent on-year in the first quarter, said the NBS on Monday, […]

The REASON Biden needs war is very simple. The world monetary system is collapsing. The negative interest rates in Europe since 2014 have wiped out all the pension funds that needed 8% to break even. This is what is being the Guaranteed Basic Income because the politicians have destroyed the future of pensions. Even in […]

ASIA: Asian spot liquefied natural gas (LNG) prices declined this week, tracking European gas prices which fell due to stable Russian gas flows and LNG supply. The average LNG price for April delivery into north-east Asia was estimated at $38.00 per metric million British thermal units (mmBtu), down $2.50, or 6.2% from the previous week, […]

WASHINGTON –  U.S. Secretary of the Treasury Janet L. Yellen released the following statement on President Biden’s executive order on digital assets. “President Biden’s historic executive order calls for a coordinated and comprehensive approach to digital asset policy.  This approach will support responsible innovation that could result in substantial benefits for the nation, consumers, and […]

China has asked the Fed to please not raise rates. This has confused many to wonder when China would be asking the Fed not to raise rates. The real reason is the crisis we have in emerging markets and the Sovereign Debt Crisis. Emerging Markets are one of the main victims of tightening US monetary […]

While just about every historical piece on the Black Plague you will read tells the story from the plague perspective. However, I look at history differently. I always correlate everything from all sides and what all the reports on the Black Plague overlook are the economics of the crisis. While there are no GDP records, […]

ASIA: Retail sales growth in China bounced back in October, while industrial production also beat expectations. Retail sales, a key measurement of consumer spending in the world’s most populous nation, grew by 4.9 percent in October compared with a year earlier, up from the 4.4 percent increase in September, and above the estimate for a […]

We will take a short recess from Market Talk to focus on this year’s annual World Economic Conference. The conference will take place in Orlando, FL, but virtual tickets are still available. Click here to learn more. ASIA: China’s official manufacturing Purchasing Managers’ Index for October came in at 49.2 over the weekend, below the […]

ASIA: Japan’s economy likely shrank over the summer as a Covid surge and supply bottlenecks slammed an already feeble recovery, according to estimates by several economists just two days before the nation goes to the polls. The economy likely contracted by 1.1% on an annualized basis in the three months to September, Yoshiki Shinke, chief economist […]

ASIA: Shares in China Evergrande Group’s electric vehicles (EV) unit rose on Monday as the embattled property developer moved to prioritize the growth of its nascent EV business over its troubled core real estate operations. Evergrande rose as much as 6% during the session before closing down 0.7%. China Evergrande New Energy Vehicle Group Ltd […]