ASIA: Japan’s government is set to unveil its largest annual budget on Friday with $943 billion in spending for the fiscal year beginning next April, further straining the industrial world’s heaviest debt, Reuters reported. The first annual budget to be compiled by Prime Minister Fumio Kishida’s government got a boost from Covid-19 countermeasures, social security […]

ASIA: Japan’s parliament on Monday approved a record extra budget of nearly 36 trillion yen ($317 billion) for the fiscal year through March to help pandemic-hit households and businesses. The budget largely is to fund COVID-19 measures, including booster shot vaccines and oral medicines. It also includes cash payouts for families with children and a […]

ASIA: Chinese economic growth rate is expected to slump below 5 percent following the property crisis, industrial slump, weak consumption, and the fallout from COVID-19-led lockdowns. Think-tank China Finance 40 Forum, which has the deputy governor of the People’s Bank of China (PBOC) as a member, has expressed concerns over growth rate remaining below 5 […]

  We must understand that the idea that ONLY a war will achieve this goal of a one-world government goes hand-in-hand with this theory that Marxism would have worked if it spread to Europe and the United States – not just Russia and China. That historical view of looking at the past through rose-colored glasses […]

ASIA: Debt problems at a major Chinese property developer have now spilled over into a vital artery of the nation’s industrial engine – the steel sector – and started to ripple through to other critical parts of the world’s second-largest economy. The spreading balance-sheet crisis at real estate firms is a warning for policymakers as […]

QUESTION: Marty; would you comment on David Stockman’s insistence that the fundamental consequence of 30 years of Fed-fueled financial asset inflation is that the prices of stocks and bonds have way overshot the mark. Thank you HW ANSWER: David Stockman was the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan. […]

ASIA:   The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 520.64 points or -1.79% to 28,545.68 Shanghai decreased 42.65 or -1.16% to 3,632.36 Hang Seng decreased 282.87 points or -1.20% to 23,192.63 ASX 200 increased 8.30 points or 0.11 to 7,304.00 Kospi increased 11.32 points or 0.38% to 3,017.73 SENSEX […]

ASIA:   The major Asian stock markets had a mixed day today: NIKKEI 225 increased 606.60 points or 2.13% to 29,066.32 Shanghai increased 27.39 or 0.75% to 3,675.02 Hang Seng increased 54.74 points or 0.23% to 23,475.50 ASX 200 decreased 31.40 points or -0.43 to 7,295.70 Kospi increased 17.02 points or 0.57% to 3,006.41 SENSEX […]

ASIA:   The major Asian stock markets had a mixed day today: NIKKEI 225 increased 27.08 points or 0.10% to 28,459.72 Shanghai decreased 13.89 or -0.38% to 3,647.63 Hang Seng decreased 215.19 points or -0.91% to 23,420.76 ASX 200 decreased 51.30 points or -0.70 to 7,327.10 Kospi increased 1.44 points or 0.05% to 2,989.39 SENSEX […]

ASIA: US Secretary of State Antony Blinken visited Indonesia on Tuesday to discuss the Indo-Pacific trade pact. Blinken accused China of “aggressive actions” in the South China Sea that could threaten over $3 trillion in annual commerce. “I am here, we are here, because what happens in the Indo-Pacific will, more than any other region, […]