ASIA:   China’s debt has grown dramatically over the past decade and is one of the biggest economic challenges confronting the ruling Chinese Communist Party, a major online news agency reported. The pandemic last year hit China’s economic growth and prompted authorities to make it easier for companies to get loans. As a result, China’s […]

COMMENT: Dear Sir, thanks for the messages at your blog. Today I heard from my daughter that during the European soccer championship a Danish player got a heart attack. That was broadcasted but not that two days before he got a corona vaccin. My grandson of 9 yrs wants to have a vaccination. Why? He […]

ASIA: Washington’s effort to bring manufacturing from China to the US – so-called reshoring – is nothing but “empty talk” and the US will become increasingly dependent on the world’s second-largest economy for the foreseeable future, according to a top former Chinese economic official. Wei Jianguo, a former vice commerce minister said “The US will […]

ASIA: Russia and China have presented a plan to build the joint International Lunar Research Station (ILRS). The proposed lunar base is intended to be ready for crewed visits by 2036 and is unrelated to the American-led Artemis program, which has pledged to land “the first woman and person of color” on the moon by […]

ASIA: A report published by United Nations Development Programme highlights that trade shocks fueled by unilateral tariffs between the U.S. and China have undone three to five years’ worth of growth among global value chains in affected countries. The report found looking at the post-pandemic future of global value chains found that trade within those […]

COMMENT: Marty, You have written much about the period 1927-1929 dominated by the relationship between Monatgue Norman and Benjamin Strong; how pressure from Britain to keep rates in the US lower was intended to relieve pressure from Europeans fleeing for the US, attracted by our faster growth. It seems eerily similar today, the conditions now with the US, first […]

  The founder of Guardian Angels who stood against crime in NYC, Curtis Sliwa, took 69% of the Republican votes which looks like the populism of 2016 all over again. Sliwa scored a big victory as the Republican nominee for mayor. What this is showing is that crime is out of control in NYC. Police […]

ASIA: China’s imports from Saudi Arabia fell 21% in May from a year earlier but retained their top ranking among suppliers for the ninth month in a row, customs data showed on Sunday. Shipments from Saudi Arabia were 7.2 million tonnes last month, or 1.69 million barrels per day (bpd), data from the General Administration […]

ASIA: Australia’s complaint to the World Trade Organization over China’s anti-dumping duties on wine exports should enable bilateral negotiations, Foreign Minister Marise Payne said on Sunday. The government filed a complaint on Saturday over duties that were applied last year and nearly wiped out exports of Australian wine to the Chinese market. The Australian government […]

  The move to end paper money and move toward a national cryptocurrency took a major step recently when the House Financial Services Committee task force expressed support for experiments to create a digital cryptocurrency version of the U.S. dollar. They argued that the United States had to keep pace with China, and in the […]