ASIA: Chinese authorities on Sunday violently dispersed a peaceful protest by hundreds of depositors, who sought in vain to demand their life savings back from banks that have run into a deepening cash crisis. Since April, four rural banks in China’s central Henan province have frozen millions of dollars’ worth of deposits, threatening the livelihoods […]

The supply chain crisis is an ongoing disaster that has greatly contributed to inflation. Treasury Secretary Janet Yellen has been touting the idea of “friend-shoring” for over a year. Not to be confused with onshoring or nearshoring, friend-shoring will somewhat limit the supply chain to allied nations. Why on Earth would we want to limit […]

ASIA: China’s banks have detailed 2.11 billion yuan ($312 million) of loans at risk to the increasing number of homebuyers refusing to pay mortgages on unfinished homes, as fears grow over a potential spillover into the wider financial sector. State-owned Agricultural Bank of China Ltd. said Thursday it held 660 million yuan of overdue loans […]

It is very interesting how Volodymyr Zelensky is doing whatever he can, not merely to destroy all of Europe, but to push the world into World War III because of his and Ukraine’s inherent hatred of Russians. He has told Justin Trudeau that Ukrainians would never accept Canada’s decision to return a gas turbine intended […]

ASIA: Overseas investors disposed of a combined net total of $5.08 billion in Indonesian, Thai, Malaysian, South Korean, and Indian bonds last month, marking the biggest monthly outflow since March, regulatory data and bond market associations showed. The emerging Asia bonds were hit by a surge in U.S. yields and a jump in the U.S. […]

Yet another shake-up among Schwab’s leaders. Estonia’s Prime Minister Kaja Kallas stepped down from her role on a technicality before being reappointed a day later. Kallas’ Reform Party reached an agreement with the Social Democrats and Isamaa Party to form a new three-party coalition. Estonia shares a 180-mile border with Russia and has strongly supported […]

COMMENT: I thought you were just a Trumper warning what would happen if Biden won. I have come back to your site because I can see inflation approaching 10% as you said and the dollar is rising which made no sense as gold stalled. I think you also said that real estate will decline perhaps […]

The West is determined to invade Russia and they believe that they can destroy it despite the fact that they are no longer a communist nation or a threat. That does not seem to matter because they want war because Russia and China will not surrender their sovereignty to the United Nations under this Great […]

  ASIA: China will fare the worst if spiking inflation, slowing growth, and rising interest rates lead to stagflation, according to the results of a stress test of 20,000 companies conducted by credit rating agency, S&P Global Ratings. The company said over 90% of its sample was made up of unrated companies with debt totaling […]

Unemployment among the youth (16-24) in China has reached a record high of 18.4%. Unemployment is drastically more prevalent in this demographic compared to the nation as a whole where unemployment sits at 5.9%. Youth unemployment tends to be higher in most nations, with the US posting a 7.8% unemployment rate for the youth and […]