ASIA: President Donald Trump said today that the Chinese delegation would be visiting the US next week for more trade talks. He also expressed that they are doing well. “I have a lot of options on China. But if they don’t do what we want, we have tremendous power,” he told media. Hong Kong’s authority […]

ASIA: Fresh protests have broken out in Hong Kong as anger mounts over police shooting a teenage protester and later defending it as “lawful and reasonable.” Meanwhile, China has criticized the US, UK, and the EU for siding with the “mob” and underplaying the violence of the protestors against the police. The Philippine foreign secretary […]

  A lot of people have been writing in about the liquidity crisis and the banks with exposure to Deutsche Bank. This is clearly the European Banking Crisis we have been warning about. Most European (and Swiss) banks are having to overpay 30-40bps over libor. Even A+ rated banks are having to pay this premium.   […]

ASIA: China today held a military event showing off their military might. This event marked the 70th year anniversary of Communist rule in China. They showed off their new intercontinental ballistic missile, which has a reach of 12 to 15 km. The worrying thing for most of the world is the speed at which it could […]

  ASIA: Chinese economic data from last Friday showed that industrial company profits dropped 2% in August from a year ago. It reversed a 2.6% gain in the previous month, indicating growing pressure on the corporate sector as the economy slows further. President Xi of China paid his respects to the founder of the Communist […]

Cathay Pacific Airways Ltd. suffered a 12% drop in passengers due to the Hong Kong protests. Airfare prices are dropping in an attempt to win back visitors. Consequently, Cathay Pacific Airways is looking to sell a U.S. dollar bonds as there are rising fears that the Hong Kong peg may break with the protests. The […]

ASIA: The People’s Bank of China auctioned 10 billion yuan dated six months out in order to secure the yuan exchange rate in Hong Kong today. Also today, the Chinese Ministry of Finance reopened a 4.5 billion yuan sovereign bond issue in Hong Kong. Meanwhile, the Chinese commerce said today that they have started discussing […]

The war on eradicating the rich is fully on. Bernie Sanders realizes that Elizabeth Warren is rising in the polls among liberal Democrats, and Bernie knows how politics works. “Vote for me and I will rob other people for you.” They are competing now on how high they could raise taxes for the rich. Warren’s […]

ASIA: Regarding the US-China trade deal, Foreign Minister Wang Yi met with US Secretary of State Mike Pompeo today. Mr. Wang Yi expressed that China had no intentions of removing the US from the world leader status. However, he stressed that the US must “remove all unreasonable restrictions” with regards to the trade deal. He […]

ASIA: The Chinese government has waived some companies and the state to buy US soybeans tariff-free. According to Bloomberg, as much as 3 million tons were allowed to be purchased without the tariffs. Meanwhile, US Treasury Secretary Steven Mnuchin said that the trade talks will proceed after the Chinese delegation cancelation of a US farm […]