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Market Talk – May 2, 2022

ASIA:China supports crisis-hit Sri Lanka’s decision to work with the International Monetary Fund (IMF) to restructure its debt, Beijing’s ambassador Qi Zhenhong told Sri Lankan Finance Minister Ali Sabry at a meeting on Monday. Sri Lanka last month unilaterally suspended external debt repayments before approaching the IMF for help. China is one of Sri Lanka’s […]

Market Talk – April 29, 2022

ASIA: A Hong Kong court on Friday increased a jail sentence to five years, in line with a China-imposed national security law, for a student who called for independence from China in posts on the Telegram messaging service. He has been in detention since September 2020, after police raided his flat and found a pepper […]

Market Talk – April 28, 2022

ASIA: India will provide a subsidy of 609.4 billion rupees ($7.96 billion) for phosphatic and potash-based fertilizers over the coming months to insulate farmers from higher global prices, the government official informed. The subsidy will cover the period to September 2022. India provided a subsidy of 571.5 billion rupees for the previous 12-month period ending […]

Market Talk – April 27, 2022

ASIA:   The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 313.48 points or -1.17% to 26,386.63 Shanghai increased 71.86 points or 2.49% to 2,958.28 Hang Seng increased 11.65 points or 0.06% to 19,946.36 ASX 200 decreased 56.80 points or -0.78% to 7,261.20 Kospi decreased 29.25 points or -1.10% to 2,639.06 […]

The Refusal to Understand Economics

Once upon a time, I use to respect The Economist. I even took the back cover in July 1985 to announce that the Economic Confidence Model was beginning a new 51.6-year Cycle that was a Private Wave that would ultimately peak in 2032. I boldly announced the bottom in gold and the peak in the […]

Market Talk – April 26, 2022

ASIA: Finance sector professionals in Shanghai are preparing to move back to Hong Kong and other offshore centers after spending only a few years in the Chinese city as a harsh COVID-19 lockdown has hurt their business prospects and upended daily lives. Thousands of bankers, traders and investors in the financial hub of the world’s […]

Market Talk – April 25, 2022

ASIA: Stocks in Hong Kong slumped and those in mainland China tumbled by the most in more than two years as Covid-19 outbreak spread to Beijing with some areas in the capital coming under lockdown, heightening economic losses. The Hang Seng Index sank 3.7 percent to 19,869.34 at the close, its lowest level since March […]

Macron Won – One Giant Step toward World War III

Of course, Macron won amid allegations of vote tampering. If a ballot was torn in any way, which seems to have been those of Le Pen, they were just discarded. There was NO POSSIBLE WAY that the EU would have allowed Le Pen to win for she would have upset the EU and gone against […]

Market Talk – April 22, 2022

ASIA: Singapore’s economy grew 3.4 percent year-on-year in the first quarter of 2022, according to advance estimates released by the Ministry of Trade and Industry (MTI). This marked a slower pace than the previous quarter when the economy expanded 6.1 per cent. Economists polled by Reuters had expected growth of 3.8 percent. The slowdown in the first quarter was largely […]

Market Talk – April 21, 2022

ASIA: Tata Steel will stop doing business with Russia, India’s largest steelmaker by revenue said on Wednesday, making it the latest global company to cut ties with the country for invading Ukraine. Tata Steel is among only a handful of Indian companies that have halted business with Russia, with the move coming even as India […]