Comment from Ireland: It seems your 2018 article was correct & more or less on time. “From a cyclical perspective, if we begin on August 15th, 1969, then we are concluding a 51.6-year wave on 2021.2219178, which will be March 22nd. It is lining up with the Economic Confidence Model and the Monetary Crisis Cycle. Therefore, […]

ASIA: The International Monetary Fund (IMF) raised its FY22 growth forecast for India to 12.5% from 11.5% estimated earlier in January, even as a resurgent Covid spread threatens to undermine the country’s economic recovery. The Washington-based global financial institution, in its annual World Economic Outlook ahead of the annual Spring meeting with the World Bank, […]

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 […]

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. […]

ASIA: India’s central bank may have to delay the start of monetary policy normalization by three months amid rising COVID-19 cases, but barring the return of stringent lockdowns, there is no significant threat to the economy’s recovery, analysts say. Though analysts are unlikely to rush to review their long-term growth forecasts, several believe policy normalization […]

ASIA: The US Commerce Department said on Wednesday that it has served subpoenas on multiple Chinese companies that provide information and communications technology services in the United States to see if they pose a national security risk. The subpoenas will gather information to “allow us to make a determination for possible action that best protects […]

The entire world of economics has been abandoned without actually admitting it has failed. Even the International Monetary Fund (IMF) is throwing in the towel without actually admitting its policies have totally failed. The IMF was the bastion of Keynesianism, supporting economic Neoliberalism. Of course, the head of the IMF is on the board of […]

There seems to be a HUGE gap in what people think about cryptocurrency. The European Central Bank (ECB) is working on a scheme to launch “digital euro central bank money” as soon as possible. Many economists praise the project as an “innovation,” as an important and indispensable step in an increasingly digitized world. But economists […]

ASIA: China’s parliament on Thursday overwhelmingly endorsed a proposal on “improving the electoral system” of Hong Kong, further restricting the ability of people in the city to elect their leaders freely. Members of the National People’s Congress in Beijing voted 2,895 in favor of the proposal, with no votes against and one abstention. The decision […]

COMMENT: Mr. Armstrong, I thought you were wrong on Bitcoin and that it was a store of value. I can see now that it is only a trading vehicle as you have said. But what made me write to you is I just read that Dorsey is opening up an online bank. You got that […]