ASIA: International Monetary Fund (IMF) chief economist Gita Gopinath has said its 2021 GDP numbers for India were locked on March 5, around the same time the country started seeing an upsurge in Covid-19 cases and that there could be a downward risk if the country goes for a nationwide lockdown. The IMF this week […]

ASIA: According to a study, some 75% of the world’s bitcoin mining is done in China. The reason given for this in the report is cheap electricity and relatively easy access to manufacturers who make specialized hardware. As a result, the nation’s bitcoin carbon footprint is as big as one of its ten largest cities, […]

ASIA: The International Monetary Fund (IMF) raised its FY22 growth forecast for India to 12.5% from 11.5% estimated earlier in January, even as a resurgent Covid spread threatens to undermine the country’s economic recovery. The Washington-based global financial institution, in its annual World Economic Outlook ahead of the annual Spring meeting with the World Bank, […]

QUESTION: Hello Martin, can you explain to me how a currency would sustain value for international trade if a country, like Canada (where I live), did what you suggested and stopped issuing debt and just printed money to level that was 5% – 10% of national GDP? would it depend on the attractiveness of what […]

ASIA: China’s factory activity in March expanded at the slowest pace in almost a year on softer overall domestic demand, but underlying economic conditions remained positive even as input and output inflationary pressures intensified for manufacturers. The Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI) dropped to 50.6 last month — the lowest level since April 2020 […]

There is an enigmatic power which is the true Mysterious Force of Synchronization which exists in everything within the universe from electronics,  biology, all the way to planetary movement. This mysterious force is known to engineers and even the military. In 1831, there was a rather interesting collapse of the Broughton Suspension Bridge in Manchester, […]

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 […]

ASIA: Chinese government bonds will be added to the FTSE World Government Bond Index (WGBI) over three years from the end of October, FTSE Russell said in a statement. Chinese government bonds were previously included in index suites from JPMorgan and Bloomberg Barclays, but FTSE WGBI inclusion is expected to have a larger effect due […]

ASIA: Chinese officials on Monday said Sweden’s H&M and other foreign brands should not make rash moves or step into politics after the companies raised concerns about forced labor in Xinjiang, sparking a furious online backlash and boycotts. H&M, Burberry, Nike, Adidas, and other Western brands have been hit by consumer boycotts in China since […]

Well you can cross the Big Apple off the Tourist list. New York City will be the first to impost Vaccine Passports to enter places. There goes Broadway. If that does not end NYC, I suppose nothing else will. You would think that if this was closer to the Spanish flu with a 3% kill […]