ASIA:   The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 218.81 points or -0.66% to 33,023.78 Shanghai decreased 16.39 points or -0.52% to 3,108.57 Hang Seng decreased 111.57 points or -0.62% to 17,885.60 ASX 200 decreased 33.30 points or -0.46% to 7,163.30 Kospi increased 0.53 points or 0.02% to 2,559.74 […]

ASIA:   The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 139.08 points or -0.43% to 32,467.76 Shanghai increased 26.06 points or 0.84% to 3,142.78 Hang Seng decreased 105.62 points or -0.58% to 18,096.45 ASX 200 increased 35.60 points or 0.50% to 7,192.30 Kospi increased 9.20 points or 0.36% to 2,556.88 […]

ASIA:   The major Asian stock markets had a mixed day today: NIKKEI 225 increased 97.58 points or 0.30% to 33,036.76 Shanghai decreased 22.69 points or -0.71% to 3,154.37 Hang Seng decreased 387.25 points or -2.06% to 18,456.91 ASX 200 decreased 4.50 points or -0.06% to 7,314.30 Kospi decreased 2.37 points or -0.09% to 2,582.18 […]

ASIA:   The major Asian stock markets had a mixed day today: NIKKEI 225 increased 285.88 points or 0.88% to 32,619.34 Shanghai decreased 17.26 points or -0.55% to 3,119.88 Hang Seng decreased 100.80 points or -0.55% to 18,382.06 ASX 200 increased 7.60 points or 0.10% to 7,305.30 Kospi decreased 4.95 points or -0.19% to 2,556.27 […]

ASIA:   Japan’s economy grew at a surprisingly fast pace in the second quarter of the year, driven by strong auto exports and an increase in tourist arrivals. This growth of 6.0% on an annualized basis and 1.5% quarterly exceeded expectations, with GDP reaching a new high. This growth rate was the fastest since the […]

While some economists are flipping from pessimistic to increasingly optimistic the US will beat inflation without a near-term recession, some still preach the standard doom & gloom prophecy for the economy. Everything in their field always turns on the Keynesian Model of interest rates, with the standard fallout from higher interest rates always will depress […]

ASIA: In India, retail inflation reached a 15-month peak in July due to higher prices of vegetables and cereals. The inflation rate rose to 7.44% in July from 4.87% in June, the highest since April 2022. Food inflation, accounting for about half of the consumer expenses, surged to 11.51% in July compared to 4.49% in […]

ASIA:   The People’s Bank of China has reduced interest rates for medium-term lending and reverse repos, with a 15 basis point decrease for MLF (now 2.5%) and a 10 basis point decrease for reverse repos (now 1.8%). This move aims to counter the effects of the tax payment peak and maintain reasonable banking system […]

ASIA:   China’s July data fell short of expectations, with retail sales only rising 2.5% from a year ago, industrial production increasing by 3.7%, and fixed asset investment growing by 3.4% for the first seven months of the year. The urban unemployment rate edged up to 5.3%. Notably, the report didn’t include the youth unemployment […]

Credit card balances in the US have surpassed $1 trillion for the first time, with balances up almost 20% from a year ago. The Federal Reserve Bank of New York reported that total credit card debt stood at $986 billion in the first quarter of 2023, unchanged from the record hit at the end of […]