China has asked the Fed to please not raise rates. This has confused many to wonder when China would be asking the Fed not to raise rates. The real reason is the crisis we have in emerging markets and the Sovereign Debt Crisis. Emerging Markets are one of the main victims of tightening US monetary […]

ASIA: Goldman Sachs cut its 2022 forecast for China economic growth Tuesday in expectation of increased restrictions on business activity aimed at containing the omicron Covid variant. Consumption will likely be affected the most, while exports less so, the analysts said, as they assume limited disruptions to supply chains. They expect government policy easing to offset […]

The CDC and NIH refuse to recognize the important role that herd immunity could play in combating COVID. Yet, one thing that they failed to consider was herd immunity to fear. A recent poll conducted by Axios and Ipsos shows that 88% of Americans personally know someone who has contracted COVID. The poll conducted at […]

ASIA: China’s real estate sector is having a rocky start in 2022, as some of the country’s most high-profile developers struggle to shake off a crisis that has been growing for months. This week, two major credit rating agencies downgraded Shanghai-based developer Shimao Group further into junk territory. The company has been grappling with mounting […]

ASIA: China’s official economic growth target is expected to be set above 5 percent in 2022, analysts told in an interview. China enters the local “two sessions” season, when local GDP growth targets are usually announced. Beijing and Central China’s Henan Province became the latest to start their annual meetings since Wednesday. Southwest China’s Xizang […]

ASIA: India and China have mostly set aside their bilateral differences in order to champion the cause of developing countries at the World Trade Organisation (WTO). That seems to be changing. During the latest round of China’s trade policy review, India questioned its northern neighbor’s claim that it was a developing country since, going by […]

ASIA:   The major Asian stock markets had a green day today: NIKKEI 225 increased 392.70 points or 1.37% to 29,069.16 Shanghai increased 14.14 points or 0.39% to 3,630.11 Hang Seng increased 56.80 points or 0.24% to 23,280.56 ASX 200 closed Kospi increased 20.69 points or 0.69% to 3,020.24 SENSEX increased 477.24 points or 0.83% […]

ASIA: Japan’s government is set to unveil its largest annual budget on Friday with $943 billion in spending for the fiscal year beginning next April, further straining the industrial world’s heaviest debt, Reuters reported. The first annual budget to be compiled by Prime Minister Fumio Kishida’s government got a boost from Covid-19 countermeasures, social security […]

ASIA: Debt problems at a major Chinese property developer have now spilled over into a vital artery of the nation’s industrial engine – the steel sector – and started to ripple through to other critical parts of the world’s second-largest economy. The spreading balance-sheet crisis at real estate firms is a warning for policymakers as […]

QUESTION: Marty; would you comment on David Stockman’s insistence that the fundamental consequence of 30 years of Fed-fueled financial asset inflation is that the prices of stocks and bonds have way overshot the mark. Thank you HW ANSWER: David Stockman was the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan. […]