ASIA: India has pitched for enhancing the emergency assistance of the National Development Bank to $10 billion from $1 billion. The issue was flagged by union finance minister Nirmala Sitharaman at the annual meeting of the board of governors of the National Development Bank (NDB) via video conference on Monday. NDB has so far approved […]

QUESTION #1: Dear Mr. Armstrong, I’ve been following your blog for quite a while, and have a Basic subscription to Socrates. Wish I could have been able to attend a WEC, but so far that’s not been possible. Also wish I understood everything in Socrates so much better, but my old brain isn’t what it used […]

ASIA: The total number of coronavirus cases in India has gone up to 13,387, while the death toll has risen to 437, according to the latest figures from the Health Ministry. In the past 24 hours, 1,007 fresh COVID-19 infections and 23 deaths were reported. India’s gold consumption in 2020 could fall as much as […]

ASIA: India identified 170 districts as hotspots including major metros – Delhi, Mumbai, Chennai, Bengaluru, and Kolkata. The Ministry of Home Affairs has issued a set of guidelines that informs which services and practices are permitted in these areas during the next phase of lockdown which will continue till May 3, 2020. India has agreed […]

ASIA: India laid out plans for the gradual reopening of its economy that will permit some manufacturing, agricultural work, and other activities to resume on a limited basis after April 20, provided they are not in designated coronavirus hotspots. India’s top-down approach to implementing the initial countrywide lockdown was critical in slowing the rapid spread […]

ASIA: India has extended its national lockdown until May 3, 2020. Prime Minister Modi announced this decision today in a televised address to the nation. After April 20, some states that have avoided outbreaks may be allowed to resume. The country has at least 10,363 reported cases, including 339 deaths, according to the Ministry of […]

ASIA: India’s central Bank said in its Monetary Policy Report that the outlook for India’s economic recovery has been sharply altered by the coronavirus outbreak. India’s economy expanded at its slowest pace in more than six years in the last three months of 2019 and was projected to clock in full-year growth of 5% which […]

QUESTION:  Hi AE….I have a thought/question/idea that is an observation, not a criticism, & begs a response. Have long noted AE’s reliance on technical analysis, for your forecasts, to the almost total exclusion of broader fundamentals, like out-of-control corruption. From day one, this has been a revelation to me, but must concede that your success […]

COMMENT #1: Here in Finland the biggest bank Osuuspankki has begun to deny access to deposit boxes. — The customer must have a “valid reason” to visit the box. KV COMMENT #2: There is panic buying of food in China. This is after the virus. (see: Panic-Buying Erupts Across China, Prompting Food Shortage Concerns) HA QUESTION […]

There are two schools of thought running around. One blames China for experimenting with Bat Viruses and insist that this was not intentional, but a leak from the Wuhan Lab because of a lack of security. There are some who want to file lawsuits against China in the USA, Britain, and India for damages. Xi […]