ASIA: China’s central bank and forex regulator held a meeting with foreign financial institutions and companies, including JPMorgan, HSBC, Deutsche Bank, and Tesla. This meeting reflects China’s efforts to attract overseas investment to support its economic recovery. The People’s Bank of China (PBOC) stated that China aims to enhance its policies and create a more […]

Italian PM Giorgia Meloni announced that Italy will begin cracking down on illegal immigration in the wake of the Lampedusa invasion. The small fishing island of Lampedusa in Sicily has seen its population double this month after countless African migrants arrived on shore. Meloni promised a tough stance on migration during her campaign yet illegal […]

  ASIA:   In August 2023, China’s monthly inflation rate compared to the same month the previous year was 0.1 percent, showing a recent decrease from a peak of 2.8 percent in September 2022. The annual average inflation rate for 2022 in China was 2.0 percent. There are regional variations in inflation rates, with Hebei […]

COMMENT: Mr. Armstrong, I just wanted to say thank you so much. I was listening to the perpetual gold analysts for years who never changed their tune. It was always buy, buy, buy, and the dollar would go to zero any day now. They always looked at the Fed and the balance sheet, and when […]

ASIA:   Influential ruling party lawmaker Hiroshige Seko expressed strong support for maintaining an ultra-loose monetary policy in Japan. This comes in response to recent comments from Japan’s central bank chief, which led to an increase in the yen’s value and bond yields. Seko emphasized that while inflation is rising due to higher raw material […]

Sicilians have been pressuring the Italian government for years to send assistance to deal with the migrant crisis. People hoped that PM Giorgia Meloni would be tough on migrants, but there has been a sharp uptick in unaccompanied adult male migrants from Africa arriving in Sicily via boat. As of this week, the small town […]

ASIA:   China’s central bank, the People’s Bank of China (PBOC), has announced a second reduction in the reserve requirement ratio (RRR) for banks this year. This move, effective from September 15, involves a 25 basis point cut for all banks, excluding those with a 5% reserve ratio already in place. The reduction is aimed […]

ASIA:   The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 69.85 points or -0.21% to 32,706.52 Shanghai decreased 13.99 points or -0.45% to 3,123.07 Hang Seng decreased 16.67 points or -0.09% to 18,009.22 ASX 200 decreased 53.00 points or -0.74% to 7,153.90 Kospi decreased 1.88 points or -0.07% to 2,534.70 […]

China is considering a new control tactic by dictating what people can wear. We see this in numerous Islamic nations where women are forbidden from being in the public eye uncovered. However, China’s upcoming dress code is not due to religion. China is seeking to eliminate any attire that could be seen as anti-government or […]

QUESTION: Do you think it is impossible for anyone to forecast a market from a personal opinion perspective? I have followed your long-term forecasts and they have been amazing. But that is Socrates not you individually. Correct? FD ANSWER: Of course! Nobody, alive or dead, can forecast the future of any market or economy from […]