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Market Talk – August 17, 2023

  ASIA:   Meeting China’s annual economic targets is not optional, Premier Li Qiang said, with a strong message calling for increased resources and policy coordination. During a State Council meeting on Wednesday, Li stressed the need to expand domestic demand, boost private enterprise, attract foreign investment and build a modernized industrial system as China […]

FDA Admits it Had No Authority to Ban Ivermectin

They laughed in the faces of those who wanted to take Ivermectin to treat COVID-19. They deemed it as simply a medication for horses with no real value. The Food and Drug Administration (FDA) immediately jumped into action to prevent pharmacies from selling the drug. They threatened doctors not to prescribe the medicine and ran […]

Yellen: Most Americans Feel Good About Their Own Economic Situation

How does Janet Yellen still have a job? She is completely out of touch and merely a mouthpiece for the political elite. Treasury Secretary Janet Yellen had the audacity to claim that most Americans are happy with their financial situation despite every bit of data indicating otherwise. “So, they seem to perceive the economy as […]

Oliver Anthony Worldwide

COMMENT: Not only has Oliver Anthony’s songs gone viral here (NA) but also in China. Messages indicate that any kind of attempt to reference/share to his songs is now banned across WeChat. Apparently, there is a cleverly-worded Mandarin “rap version” circulating. So the emotions appear to be universal and now…possibly something like “star spangled banner” […]

Market Talk – August 16, 2023

ASIA:   The People’s Bank of China has reduced interest rates for medium-term lending and reverse repos, with a 15 basis point decrease for MLF (now 2.5%) and a 10 basis point decrease for reverse repos (now 1.8%). This move aims to counter the effects of the tax payment peak and maintain reasonable banking system […]

Maui Suffers from America-Last Policies

The fires in Maui claimed the lives of at least 99 people. Over a thousand people are still missing as crews rush to identify remains. This was the deadliest wildfire on US soil in over 100 years. There is a lot of speculation and conspiracy theories surrounding the fires, but one proven conspiracy is that the […]

The Collapse of the Rule of Law

COMMENT: Marty, I hear Trump is to be arraigned, this time the first with a mugshot that will certainly go viral worldwide, on Aug. 25th. This is immediately after the BRICS summit on Aug, 22-24 with discussions of a new non-dollar trading currency. I can’t believe these lunatics are going to prove to the world […]

Market Talk – August 15, 2023

ASIA:   China’s July data fell short of expectations, with retail sales only rising 2.5% from a year ago, industrial production increasing by 3.7%, and fixed asset investment growing by 3.4% for the first seven months of the year. The urban unemployment rate edged up to 5.3%. Notably, the report didn’t include the youth unemployment […]

The Trump Florida Indictment Violates the Constitution

QUESTION: What is your legal opinion of former AG Barr and this judge in Florida? Barr seems to trash Trump with every breath he takes, and the media seems to emphasize that Trump appointed this judge, so she is biased over the whole grand jury issue. It would be great to hear your perspective. Thanks […]

Market Talk – August 14, 2023

ASIA:   The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 413.74 points or -1.27% to 32,059.91 Shanghai decreased 10.82 points or -0.34% to 3,178.43 Hang Seng decreased 301.64 points or -1.58% to 18,773.55 ASX 200 decreased 63.10 points or -0.86% to 7,277.00 Kospi decreased 20.39 points or -0.79% to 2,570.87 […]