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Market Talk – June 25, 2020

  ASIA: Economists don’t see the US and China reaching phase two of the trade deal anytime soon, and have warned that continued tensions and tariff threats could stunt the much-needed economic recovery from the coronavirus shutdowns. Phase one of the deal was signed in January, pausing the trade war that had been raging for […]

Market Talk – June 24, 2020

ASIA: Indian and Chinese military commanders have agreed to disengage troops from a heavily disputed stretch of their border where a clash last week left 20 Indian soldiers dead, an Indian government source said on Tuesday. Senior military officials from both sides met for several hours on Monday in an attempt to reduce tensions in […]

Market Talk – June 23, 2020

ASIA: China National Biotec Group (CNBG) has won approval to run a large-scale “Phase 3” clinical trial of its novel coronavirus vaccine candidate in the United Arab Emirates (UAE), the company said on Tuesday. China is seeking to trial potential vaccines overseas because of a lack of new patients at home. China on Tuesday successfully […]

Will the Dollar Crash?

QUESTION: Good morning from Greece Martin!! It will be very interesting to have your comment on Steven’s Roach interview at CNBC about an upcoming dollar collapse due to the ballooning US deficit. My respect for your job, JA ANSWER: This is the typical myopic nonsense. All they ever do is look at the quantity of money […]

Market Talk – June 22, 2020

ASIA: China has suspended US poultry imports from a plant owned by a US-based meat processor, Tyson Inc, that has been hit by the coronavirus, as authorities struggle to bring an outbreak in Beijing under control. China’s general administration of customs said on its website it had decided on the suspension after the company confirmed […]

Central Bank Crisis Expanding

QUESTION: Hi Marty. You mentioned in the blog that all European sovereign debt may end up being converted into perpetual bonds. Will it be through debt mutualization or will each country have each own Consol? Could you please elaborate on how this conversion would affect pension funds, banks, social security and individual investors? Knowing that the […]

Market Talk – June 19, 2020

ASIA: Donald Trump has renewed his threat to cut ties with China, a day after his diplomats held high-level talks with Beijing and his top US trade negotiator said severing the trade relationship was not a viable option. The US response came as Washington questioned China’s credibility on accurately reporting the new Covid-19 cluster in […]

Market Talk – June 18, 2020

ASIA: China’s Oppo canceled the live online launch of its flagship smartphone in India on Wednesday after a border clash between the two countries that has renewed calls from local Indian trader groups to boycott Chinese goods. The clashes risk souring sentiment for big Chinese investors who were eyeing the Indian market and already faced […]

Will the Fed Cap Rates?

QUESTION: Do you think the Fed will venture into capping the long-term rates as they did during World War II? JH ANSWER:  There is much talk that the Fed will go into yield-curve control in the near future. Some expect that if the Fed does employ yield-curve controls, they expect that yields would be capped […]

Market Talk – June 17, 2020

ASIA: India has conveyed to China the fact that the deadly clash in eastern Ladakh on Monday night will have “a serious impact” on relations between the two countries. Foreign Minister S. Jaishankar shared this with his counterpart in Beijing in a phone conversation today. Both sides agreed not to take “any action to escalate […]