ASIA:   Holiday spending during China’s Golden Week fell to a seven-year low as broad Covid restrictions discouraged people from traveling or spending, while a darker economic outlook continued to dent consumer confidence. Spending by tourists for the week-long holiday that began Oct. 1 fell 26% year-on-year to 287.2 billion yuan ($40.4 billion), according to […]

The Dallas Federal Reserve found that the decline in real wages is at a severity not seen in 25 years. Simply put, when adjusted for inflation, American’s paychecks are down despite wages going up. The median decline in real wages surpassed 8.5% this September. "How severe are the losses for workers experiencing negative real wage […]

QUESTION: “This New World Order will fail. ” assume status quo fails before NWO fails… what will the new status quo look like? RP ANSWER: We all have opinions. In times like these, the personal opinion does not help very much for as Julius Caesar said, people believe what they want to believe. Those who […]

ASIA:   China’s GDP forecast is to be anywhere between 2.2 percent and 4.1 percent based on a survey conducted by Nikkei last month. Economists and other observers, globally, have also revised the GDP outlook for 2022 to 3.2 percent against Beijing’s official target of 5.5 percent. Compared to the second quarter when the economy […]

ASIA: Growth in India’s services industry eased to a six-month low in September, led by a cooling in demand amid high inflation, a private survey showed. The S&P Global India services Purchasing Managers’ Index fell to 54.3 in September from August’s 57.2, lower than the Reuters poll expectation of 57.0. However, the September reading stayed […]

Those of us in the Tampa Bay area were lucky. Floridians in the eye of the storm experienced devastating floods and winds. At least 109 people are dead, and 55 of those deaths are in Lee County, Florida, alone. A friend of mine has family in Punta Gorda in Charlotte County. They were unable to […]

ASIA:   Business sentiment among Japanese manufacturers worsened for a third straight quarter from July to September, according to a survey by the central bank, as the world’s third-largest economy struggled with rising costs, a slumping yen and pandemic restrictions. The business outlook for major manufacturers fell to plus-8 in September from plus-9 in June, […]

Everyone knows by now that Russia is a top exporter of energy. In 2021, 43% of total exports were mineral fuels, and Europe was the primary buyer. Let us take a look at Russia’s other tools of trade: Mineral fuels including oil: US $211.5 billion (43% of total exports) Gems, precious metals: $31.6 billion (6.4%) […]

ASIA:   The Agricultural Bank of China will provide more than 300 billion yuan ($43.3 billion) in loans to support the country’s autumn harvest and planting, China Central Television (CCTV) reported on Monday. According to a CCTV report, the loan will focus on areas including grain production, storage of agricultural products, cold chain logistics and […]

The Trudeau Administration wants to eliminate all freedoms. Provinces are fighting back at Trudeau’s gun confiscation, deemed a “mandatory gun buyback” for assault rifles. As usual, the government put this plan in place without a plan for enforcement. Two years ago, Alberta Premier Jason Kenney, in the video above, explained that firearm ownership is already […]