QUESTION: I thought Ukraine claimed it was independent in 1918. Was that not then a country? PH ANSWER:  In the aftermath of World War I which began in 1914, that is when the Russian Revolution took place. That is when Ukraine first tried to assert its independence on January 26th, 1918. The Bolsheviks who seized […]

ASIA:   China kept benchmark lending rates unchanged for a fifth month on Friday, as expected, but analysts say future cuts are possible as the central bank has pledged to support the COVID-ravaged economy. The one-year loan prime rate (LPR) – on which most new and outstanding loans are based – was left at 3.65%. […]

ASIA:   China’s annual consumer inflation rate accelerated in December, driven by rising food prices even as domestic demand wavered amid restrained economic activity. The consumer price index (CPI) in December was 1.8% higher than a year earlier, rising faster than the 1.6% annual gain seen in November, data from the National Bureau of Statistics […]

ASIA:   China’s central bank continued to inject funds into the financial system through open market operations on Wednesday. The People’s Bank of China said on its website that it has conducted 133 billion yuan ($19.67 billion) of seven-day reverse repos at an interest rate of 2 percent, and 447 billion yuan of 14-day reverse […]

For those who just read the news and believe whatever they report, in the industry, everyone talks all the time. If Madoff was losing billions trading, everyone would have known. It is one thing to have a portfolio of assets that itself collapses in value which would NOT involve trading. Such an event presents a […]

ASIA: Rising home prices and rentals in large Indian cities could pose a new challenge to the country’s central bank in its fight against inflation, even though headline consumer price rises have likely peaked, analysts warn. Housing rentals and ancillary costs have a 10.07% weightage in India’s consumer price inflation basket and are near three-year […]

The NYSE will close on Monday in honor of Martin Luther King Day. Market Talk will resume again on Tuesday, January 16. ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 330.30 points or -1.25% to 26,119.52 Shanghai increased 31.85 points or 1.01% to 3,195.31 Hang Seng increased 224.56 points […]

  QUESTION: Marty, I think Schwab’s great reset is all about your 2032. He seems to be a Socrates subscriber and is just trying to manipulate the outcome in his direction. What do you think? Joe ANSWER: I know, Many people have noticed this trend. This is coming up more and more. Back in 1983/1984, […]

COMMENT: The Fed….why would anyone put a greedy fox in charge of the hen house. Mr. Armstrong, you, of all people have more than a passing acquaintance with the corruption of the big banks. And these are the kindly gentlemen that have been appointed to “guide” monetary policy for our greater good. Simply don’t understand […]

ASIA:   China’s economic growth is likely to rebound to 4.9% in 2023, before steadying in 2024, a Reuters poll showed, as policymakers pledge to step up support for the COVID-ravaged economy. Gross domestic product (GDP) likely grew just 2.8% in 2022 as lockdowns weighed on activity and confidence, according to the median forecasts of […]