ASIA: China’s gasoline demand could hit a peak around 2027, according to a new report from Goldman Sachs. Demand could fall by around 6 percent from that peak by 2030. However, Goldman Sachs does not see crude oil demand hitting a peak this decade, “due to sustained non-OECD economic growth.” In the next five years, […]

QUESTION: You have been silent on the Hunter Biden story. Would you care to comment sometime? DN ANSWER: I try to be cautious because this is the most corrupt election in history. I was skeptical because about two months before there was sent to me a 64-page document that was claiming a connection of Joe […]

COMMENT: Marty, It’s now so obvious…but no one has more to gain with the lockdown(and more to lose with its lifting) than Big Tech. The lockdown destroyed small and medium sized business, especially those that are in private hands. These were the real target of the lockdown…private property….collapse these businesses and you go at the […]

  ASIA: Chinese leaders met Monday to formulate an economic blueprint for the next five years that is expected to emphasize the development of semiconductors and other technology at a time when US is cutting off access to US technology. President Xi Jinping’s government is working to promote self-sustaining growth supported by domestic consumer spending […]

ASIA: Some Chinese banks have phased out the use of the “counter-cyclical” factor in the pricing mechanism of the yuan’s central parity rate against the greenback, according to the China Foreign Exchange Trade System (CFETS). Market-making banks have made the move on their own initiative based on their judgment of economic fundamentals and market situations, […]

ASIA: China appears to have comprehensively lost the international battle for hearts and minds over its handling of coronavirus with most people believing it was responsible for the start of the outbreak and was not transparent about the problem at the outset. The findings come from the YouGov-Cambridge Globalism Project, a survey of 26,000 people […]

ASIA: China said Monday that it would impose sanctions on American companies — including Lockheed Martin, Boeing, and Raytheon — that have been involved in selling weapons to Taiwan. Speaking at a press conference Monday, the Chinese Ministry of Foreign Affairs spokesperson Zhao Lijian called on the United States to stop selling arms to the […]

ASIA: China has vowed to retaliate if the US proceeds with the sale of advanced weaponry to Taiwan worth more than a billion dollars, Fox news reported. The statement from China’s defense ministry gave no specifics, but the development marks a further deterioration in ties between Beijing and Washington that have hit their lowest ebb […]

You will never see a banker EVER go to jail or be charged individually because there is no money in that. They will always charge just the bank so they get these big fines, but nobody ever takes responsibility for their actions. It is always a one-sided justice system that is so corrupt, it is […]

ASIA: The United States government has labeled six more Chinese media companies operating in the US as foreign missions in the latest round of tit-for-tat between Beijing and Washington over restrictions on journalists. US Secretary of State Mike Pompeo announced the decision at a press briefing on Wednesday, saying that the six media companies were […]