ASIA:   The major Asian stock markets had a negative day today: NIKKEI 225 closed Shanghai decreased 65.31 points or -2.01% to 3,189.25 Hang Seng decreased 173.07 points or -0.90% to 19,075.19 ASX 200 decreased 17.30 points or -0.24% to 7,340.10 Kospi decreased 10.30 points or -0.40% to 2,591.26 SENSEX decreased 363.53 points or […]

ASIA:   President Joe Biden has signed an executive order to limit new U.S. investments in China’s sensitive technology areas such as computer chips. The order also mandates government notification for investments in other tech sectors. It permits the U.S. Treasury secretary to control American investments in Chinese entities related to semiconductors, quantum tech, and […]

Moody’s has cut the credit ratings of ten small and mid-sized banks. The agency cited higher funding costs, rising interest rates, and increased risked due to the failing commercial real estate sector. M&T Bank, BOK Financial, Webster Financial, Pinnacle Financial, Old National Bancorp, and Fulton Financial were among the banks that received downgraded ratings. But […]

ASIA:   The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 172.96 points or -0.53% to 32,204.33 Shanghai decreased 16.13 points or -0.49% to 3,244.49 Hang Seng increased 61.86 points or 0.32% to 19,246.03 ASX 200 increased 26.90 points or 0.37% to 7,338.00 Kospi increased 31.14 points or 1.21% to 2,605.12 […]

QUESTION: Mr. Armstrong, We met when you came to lecture here in Poland. Everything you warned about has unfolded right down to a dollar high in 2022, followed by a low in 2023. The majority now are against the government. We, too, fear that the election may be rigged later this year. Putting all these […]

ASIA:   Stripe, a US-based payments processor, has released a report discussing how digital trade is reshaping the global economy and how businesses are responding. The report is based on transaction data from Stripe’s platform and surveys of business leaders and consumers across nine countries. It highlights how technology is diversifying international trade routes and […]

ASIA: China raised its gold reserves for a ninth straight month in July as central bank purchases continue to underpin prices of the precious metal. Bullion held by the People’s Bank of China rose by 740,000 troy ounces, the central bank said on Monday. That’s equivalent to about 23 tons. Total stockpiles now sit at […]

The Democrats sent a letter demanding Alito recuse himself on any such question regarding the power of the Supreme Court. Once again, just as FDR tried to stack the court to turn the United States into his vision of a Marxist Utopia following Stalin after he recognized the Communists as a legitimate government, they are […]

ASIA:   Singapore’s economy grew by 0.7% year-on-year and 0.3% quarter-on-quarter in the second quarter, avoiding a technical recession. This growth exceeded the expectations of economists, who had predicted a 0.6% year-on-year and 0.3% quarter-on-quarter growth. In the previous quarter, the economy had contracted by 0.4% quarter-on-quarter but saw marginal growth of 0.4% year-on-year. Despite […]

QUESTION: Marty, Your experience in law is well known. What is your opinion of Trump’s new indictment? Paul ANSWER: Never in the entire history of the United States have we EVER witnessed such political corruption using the Department of Justice. They had tapes of Richard Nixon that would have convicted him but they did not […]