ASIA: Retail sales growth in China bounced back in October, while industrial production also beat expectations. Retail sales, a key measurement of consumer spending in the world’s most populous nation, grew by 4.9 percent in October compared with a year earlier, up from the 4.4 percent increase in September, and above the estimate for a […]

Biden acknowledged that he does not understand economics or what is driving inflation. “Today, I am here to talk about one of the most prescient economic concerns of the American people … and that is getting prices down, number one,” Biden stated. “Number two, making sure our stores are fully stocked. And number three, getting […]

The October 20, 2021, release of the Federal Reserve’s Beige Book revealed that the central bank is worried about American’s mental health, and with good reason. “Worries about employee mental health, burnout, safety, and vaccine mandates impacting company culture were mentioned,” the report noted. “Mental health disorders account for several of the top causes of […]

Federal Reserve Chairman Jerome Powell was caught in a lie that may cost him re-election in 2022. The Federal Reserve Chairman, the man with the most insight into future US market policy, sold between $1 million and $5 million from his personal account on October 1, 2020. Not so coincidentally, the Dow decreased by around […]

ASIA:   The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 7.77 or -0.03% to 29,098.24 Shanghai decreased 35.33 or -0.98% to 3,562.31 Hang Seng decreased 409.53 points or -1.57% to 25,628.74 ASX 200 increased 5.30 points or 0.07 to 7,448.70 Kospi decreased 23.59 points or -0.77% to 3,025.49 SENSEX decreased […]

At last, Federal Reserve Chairman Jerome Powell has begun speaking independently as he departs from the Biden agenda. Former President Trump and Powell notoriously clashed over interest rates, and we heard time and time again that the central bank was independent of government rule. Once Biden entered the White House, Powell seemed to be more […]

ASIA: China Evergrande Group appeared to have averted default with a last-minute bond coupon payment, a source said on Friday, buying it another week to wrestle with a debt crisis looming over the world’s second-biggest economy. Facing a deadline on Saturday to pay interest on a US dollar bond, Evergande sent $83.5 million to a […]

ASIA: Singapore’s central bank unexpectedly tightened its monetary policy on Thursday, delivering its first such move in three years amid mounting cost pressures caused by supply constraints and a recovery in the global economy. The central bank, which manages its policy through exchange rate settings, said it would raise the slope of its currency policy […]

ASIA: India’s economy, which contracted by 7.3 percent due to the Covid-19 pandemic, is expected to grow by 9.5 percent in 2021 and 8.5 percent in 2022, according to latest projections released by the International Monetary Fund on Tuesday. India’s growth projection released by the latest World Economic Outlook remains unchanged from its previous WEO (World […]

ASIA: The Indian economy is poised to achieve 10.25 per cent GDP growth in FY 2021-22 on the back of effective government policies, Reserve Bank’s accommodative policy stance and improved business sentiments, industry body PHDCCI said on Monday. Last week, the Reserve Bank retained the GDP (gross domestic product) forecast for the current financial year at 9.5 […]