On August 1, the European Commission will begin to reduce its demand for gas with no alternative in place. Unsurprisingly, our computer states that a Panic Cycle will begin in August or September and go into Q1 of 2023. Europe must reduce its gas consumption by 15% (45 billion cubic meters). In comparison, Russia delivered […]

There is a common misconception that the United States has the highest rate of inflation in the world. I see it questioned in numerous emails The United States does have a major problem when it comes to inflation, but its currency has not depreciated to the point where it is weak. Let us compare data […]

ASIA: Asian Development Bank (ADD) in its “E-Mobility Options for ADB Developing Member Countries,” which both forecast and recommended the quick shift to electric vehicles in the region to stem both climate change issues and the rising cost of fuel. The report noted how in the People’s Republic of China (PRC) focused on EV production […]

It is very interesting how Volodymyr Zelensky is doing whatever he can, not merely to destroy all of Europe, but to push the world into World War III because of his and Ukraine’s inherent hatred of Russians. He has told Justin Trudeau that Ukrainians would never accept Canada’s decision to return a gas turbine intended […]

The West is determined to invade Russia and they believe that they can destroy it despite the fact that they are no longer a communist nation or a threat. That does not seem to matter because they want war because Russia and China will not surrender their sovereignty to the United Nations under this Great […]

  ASIA: China will fare the worst if spiking inflation, slowing growth, and rising interest rates lead to stagflation, according to the results of a stress test of 20,000 companies conducted by credit rating agency, S&P Global Ratings. The company said over 90% of its sample was made up of unrated companies with debt totaling […]

Unemployment among the youth (16-24) in China has reached a record high of 18.4%. Unemployment is drastically more prevalent in this demographic compared to the nation as a whole where unemployment sits at 5.9%. Youth unemployment tends to be higher in most nations, with the US posting a 7.8% unemployment rate for the youth and […]

Italian Prime Minister Mario Draghi announced his resignation on Thursday after he fell out of favor with the Five Star Movement. Similar to Boris Johnson, once your own people turn their backs on you, it is time to bow out. “I want to announce that this evening I will present my resignation to the President […]

ASIA: Singapore’s economy grew 4.8 percent year-on-year in the second quarter of 2022, according to advance estimates released by the Ministry of Trade and Industry (MTI) on Thursday (Jul 14). On a quarter-on-quarter seasonally adjusted basis, Singapore’s gross domestic product (GDP) was unchanged in the second quarter after posting an expansion of 0.9 percent in […]

ASIA: China’s economic growth likely slowed sharply in the second quarter as COVID-19 lockdowns hit factories and consumer spending, a Reuters poll showed, suggesting policymakers may have to do more to spur a faster recovery. On a quarterly basis, GDP is forecast to drop 1.5% in the second quarter, versus growth of 1.3% in January-March, […]