ASIA: China’s economy steadied for a second month, a sign that the post-pandemic recovery is in a more stable phase and that growth is slowly rebalancing toward the consumer. Industrial production rose 6.6% in May on a two-year average basis — which strips out the impact of last year’s pandemic — while retail sales grew […]

ASIA: NATO leaders warned on Monday that China presents “systemic challenges,” taking a forceful stance towards Beijing in a communique at Joe Biden’s first summit with an alliance that Donald Trump openly disparaged. The new U.S. president has urged his fellow NATO leaders to stand up to China’s authoritarianism and growing military might, a change […]

ASIA: China on Tuesday warned the United States against pursuing a trade deal with Taiwan after the US said it would start negotiations with the self-ruled island. Beijing sees democratic Taiwan as part of its territory. On Tuesday, China’s foreign ministry spokesman Zhao Lijian urged Washington to “stop any form of official exchanges with Taiwan, […]

There is a rising minority that is starting to blame France’s prolonged economic decline on joining the euro. They are demanding that Macron take back control of their country. Creating the euro never produced the single interest rate as promised, nor did it transform Europe into the image of the United States. Their misunderstanding of […]

ASIA: Trade between China and the US continued an upward trend in the past four months, official data showed, highlighting inseparable economic relations between the two countries. In the first four months of the year, China’s trade with the US rose 50.3 percent year-on-year to 1.44 trillion yuan ($222.8 billion), making the US its third […]

ASIA: China’s factories slowed their output growth in April and retail sales significantly missed expectations as officials warned of new problems affecting the recovery in the world’s second-largest economy. Factory output grew 9.8% in April from a year ago, in line with forecasts but slower than the 14.1% surge in March, National Bureau of Statistics […]

ASIA: China’s economy likely grew at record pace of 19% in the first quarter, rebounding from a pandemic slump early last year as demand recovered at home and abroad and as policy support for ailing smaller firms continued, a Reuters poll showed. Reuters poll suggests that the world’s second-largest economy has continued to gain momentum, […]

ASIA: The United States strongly condemns moves by China to further reduce political participation and representation in Hong Kong and is deeply concerned by a second delay in the territory’s Legislative Council elections, the U.S. State Department said on Tuesday. The measures are part of Beijing’s efforts to consolidate its increasingly authoritarian grip on Hong […]

COMMENT: Marty, at first I was not sure why you were focusing on the climate change issue. I now understand that climate is the main driving force behind this Great Reset which is out to undermine capitalism. Looking at the dollar through a global view I can see that cash is not trash. Thank you […]

I find it very interesting that because Justice Thomas, Alito, and Gorsuch all dissented in denying review of the Pennsylvania election lawsuits which were clearly unconstitutional, suddenly Thomas is no longer black but called the “most conservative” member of the Supreme Court. I have stated before that the Judiciary Act of 1925 is in itself […]