ASIA: China is slapping massive duties on wine from Australia for the next five years, a move that threatens to deprive the country’s winemakers of their top export market and escalate a trade dispute. The duties, which range from 116% to 218%, were announced Friday and come after an investigation by Chinese authorities found instances […]

I get emails from friends in Britain who envy the US, saying if they had the right to have guns, they would be protecting their liberty. The Biden Administration has moved to force everyone to register guns. The next step is to just bust into your house and confiscate them. They are taking these steps […]

In Canada, the Supreme Court ruled Thursday that Ottawa has the power to impose a carbon price across the country as a “matter of national concern.” This is a major win for Trudeau and he can really make sure that the Canadian economy further declines to enable the Build Back Better agenda. Let me make […]

ASIA: Chinese state TV called Thursday for a boycott of H&M as Beijing lashed out at foreign clothing and footwear brands following Western sanctions on Chinese officials accused of human rights abuses in the Xinjiang region. The ruling Communist Party criticized H&M for saying in March 2020 it would stop buying cotton from the northwestern […]

QUESTION: Dear Mr. Armstrong, I would like to thank you for the private blog post on last Friday ‘The Dow the Week of 15th’. I have a question on the blog. I would be happy if you can respond to this on the private blog or email. In the phrase “you will own nothing”  , […]

QUESTION: First I want to thank you for your guidance. You have helped me understand markets where I can see I was clueless before. You seem to be a contrarian. I take that is why you say the majority must always be wrong. Have you learned this to be the best way to look at […]

ASIA: Chinese internet giant Tencent on Wednesday reported a 28 percent year-on-year growth in revenue for 2020, raking in around 482 billion yuan (about $73.9 billion). The company’s net profit, calculated on a non-IFRS basis in order to reflect its core earnings by excluding certain one-time or non-cash items, rose 30 percent year on year […]

The deep concern for a building revolution lurks behind two major developments concentrated within the military. While more than 1,000 National Guard members will be leaving Washington, D.C. by the end of March, several thousand others will stay on indefinitely, claiming there is an ongoing mission to provide security for the U.S. Capitol. This has […]

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 […]

Similar to attributing climate change entirely to human activity resulting in CO2, the same error is played out in disease. There is no evidence that social distancing or masks do anything. Just look at the Black Plague (1347-1352 AD), which wiped out about 50% of the population. From an economic standpoint, it was the birth […]