While the general overview of this market by most technicians has been bearish simply based upon how high the market has risen, we are also in an interesting position where the fiction of vaccines is providing some underlying support. Based upon RELIABLE sources, this entire Build Back Better motto and a scheme were developed BEFORE […]

ASIA: China is slapping massive duties on wine from Australia for the next five years, a move that threatens to deprive the country’s winemakers of their top export market and escalate a trade dispute. The duties, which range from 116% to 218%, were announced Friday and come after an investigation by Chinese authorities found instances […]

COMMENT: Mr. Armstrong, Yes, it is absurd to think that they can train humans to bark, sit and roll over. But given how things have been evolving since last year, I see plenty of people becoming a two legged dog! I feel you just have to live in a place where, slowly but surely, people […]

ASIA: Chinese state TV called Thursday for a boycott of H&M as Beijing lashed out at foreign clothing and footwear brands following Western sanctions on Chinese officials accused of human rights abuses in the Xinjiang region. The ruling Communist Party criticized H&M for saying in March 2020 it would stop buying cotton from the northwestern […]

QUESTION: First I want to thank you for your guidance. You have helped me understand markets where I can see I was clueless before. You seem to be a contrarian. I take that is why you say the majority must always be wrong. Have you learned this to be the best way to look at […]

ASIA: Chinese internet giant Tencent on Wednesday reported a 28 percent year-on-year growth in revenue for 2020, raking in around 482 billion yuan (about $73.9 billion). The company’s net profit, calculated on a non-IFRS basis in order to reflect its core earnings by excluding certain one-time or non-cash items, rose 30 percent year on year […]

COMMENT: Marty: I was re-reading Herodotus and saw early in his book a reference to the rise and fall of civilizations pertinent to the concept of capital flows: Herodotus, Histories 1:5 “For many states that were once great have now become small; and those that were great in my time were small before. Knowing therefore […]

ASIA: India plans to offer fresh incentives to companies making electric vehicles (EVs) as part of a broad auto sector scheme it expects to attract $14 billion of investment over five years, Reuters reported. The plans envisage $8 billion of incentives for carmakers and suppliers over a five-year period to drive large investment in the […]

Similar to attributing climate change entirely to human activity resulting in CO2, the same error is played out in disease. There is no evidence that social distancing or masks do anything. Just look at the Black Plague (1347-1352 AD), which wiped out about 50% of the population. From an economic standpoint, it was the birth […]

ASIA: China will step up imports of high-quality foreign goods and services as the economy makes a steady recovery, vice premier Han Zheng said on Sunday. China will strengthen macro policy coordination with other countries, Han told the China Development Forum, a high-level business gathering hosted by the Development Research Centre of the State Council. […]