ASIA: India’s policy makers are preparing a plan to carefully analyze a tough trade-off. They are considering a continued lockdown post-April 14, 2020, at the cost of longer-term economic devastation, or a rational “unlocking,” allowing India to return to work. Based on pre-COVID-19 projections of India’s GDP, the average daily GDP value for FY2021 was […]

ASIA India’s markets witnessed the biggest sell-off by foreign investors in a single month in March. The 21-day nationwide lockdown to curb the spread of the coronavirus raised fears of a devastating impact on an already-slowing economy. Foreign institutional investors sold nearly $16 billion worth of equity and debt as of Monday, according to depository […]

  I have explained that when I was called in back in 1985 as an expert to justify creating the G5 and manipulating the dollar, I wrote to the President to object. I was told to be a “good boy” and just produce studies; the government would tell me the conclusion they wanted.   The […]

ASIA: In India, coronavirus cases continue to rise despite a complete lockdown and crossed 1,100-mark yesterday. India reported the biggest single-day spike in new COVID-19 cases at 200 today. As of Tuesday, the number of infected cases in India has increased to 1,300, with 102 recovered cases. The death toll from coronavirus in India has […]

https://www.youtube.com/watch?v=UxaAgqBtn7A   We are seeing a number of people coming out in Germany. This is an open letter to Merkel about the exaggeration of using this virus to destroy the economy. Dr. Bodo Schiffmann also Talks About Facts! (these are in German, but they are calling into question what is going on with using this virus […]

ASIA: Prime Minister Narendra Modi sought forgiveness from the nation’s poor for his 21-day nationwide lockdown. During his address on national radio on Sunday, PM Modi said there was no other option to control this pandemic. The nation-wide lockdown has resulted in the mass exodus of hundreds of thousands of migrant laborers working in the […]

The people who love to weave conspiracy theories about the Fed are twisting the fact that the Fed’s design from the outset was to be a private organization. The banks were the shareholders BECAUSE it was to be a bailout system for them as J.P. Morgan had acted during the Panic of 1907. The banks […]

COMMENT: Hey, Martin. Thanks for your models and the key insights. My wife, who is an ER nurse, came across this article recently. She read about 90% out loud to me as she believes, based upon her medical knowledge and overall disgust with the hysteria around COVID-19, that this post gives some great perspective on […]

There are reports of riots beginning in China. In Thailand, one of the most peaceful communities, there was an armed robbery of a 7/11. You cannot shut down the world economy like this. People will begin to riot after 10 days and we will see a sharp rise in property crimes. People are being deprived […]

ASIA:  The Reserve Bank of India’s Monetary Policy Committee met today and announced a series of measures to counter the economic slowdown caused by the novel coronavirus pandemic. The repo rate and reverse repo rate have been cut by 74 bps and 90 bps respectively. All commercial banks and lending institutions can allow a three-month […]