ASIA: US President Trump has warned China that they will face a tough trade war. “It’ll be the toughest deal anybody’s ever had to make from the standpoint of China,” Trump said. His warning comes around if China waits to make a deal until after the US general election in November 2020. Today is the […]

COMMENT: This morning blog question. I concur with ROM. Here’s a perfect example. BP has just sold all its oil and gas assets in Alaska to cut its carbon footprint in order to be consistent with the Paris Accord. This is a needless sale of assets caused by an ‘Act of Extortion-The Paris Accord’ against […]

ASIA: The US and China will resume talks tomorrow in Washington, and China’s Vice Minister of Finance Liao Min will lead the “vice – ministerial” delegation to discuss trade and economic issues. The aim is to remove the upcoming tariffs which are expected to come into play on October 15th on over 250 billion USD […]

ASIA: There are ongoing concerns regarding how the Chinese slowdown and rising oil prices will impact global economy. There was no real news emanating regarding progress with the US-China trade deal. However, due to the shortages of US pork, China announced they will release 10,000 MT of pork from its central reserves this week in […]

ASIA: Chinese foreign ministry spokesperson Hua Chunying was quick to dispel rumors that Iran was responsible for the drone attacks on the weekend. “In the absence of conclusive investigation and results, we don’t think it is responsible to blame anyone,” a spokesperson said. “Our position is that we are against any action that aggravates or […]

QUESTION: What did you think of the Democratic debate. It looks like they are just preoccupied with hating Trump they have lost touch with reality. You previously said that the Democrats could collapse as a party after 2020. Does that seem likely? PH ANSWER: I know the press is spinning this that Trump will surely […]

ASIA: Hong Kong’s $37 billion bid to takeover the London Stock Exchange (LSE) was rejected this Friday. The LSE board unanimously rejected the bid due to “fundamental flaws.” Hong Kong Exchanges and Clearing (HKEX) had hoped the deal would “create a truly global market infrastructure group connecting the East and West.” Recent reports suggest that […]

QUESTION: Marty, Sometime you compare today’s financial markets and economy to what was going on in the mid to late 1920s . Woodrow Wilson is even referenced concerning the flight of capital and of course that flight came to the United States. You also say that the global markets and economy are unlike anything in […]

ASIA: US President Trump announced today that they will delay any tariffs on around 250 billion USD worth of Chinese goods as a “gesture of goodwill” ahead of the talks next month. China yesterday announced they will remove tariffs on 17 US products ranging from medicine to produce. According to a White House official, they […]

ASIA: Finally, some positive news from the US and China trade war as China announced they will exempt 16 categories of products from US tariffs today ahead of the meeting early next month. The two main categories of products were seafood and medicines related to cancer, perhaps looking at these products as more of a […]