ASIA:   The major Asian stock markets had a mixed day today: NIKKEI 225 increased 285.88 points or 0.88% to 32,619.34 Shanghai decreased 17.26 points or -0.55% to 3,119.88 Hang Seng decreased 100.80 points or -0.55% to 18,382.06 ASX 200 increased 7.60 points or 0.10% to 7,305.30 Kospi decreased 4.95 points or -0.19% to 2,556.27 […]

COMMENT: Marty, I just wanted to thank you for opening my eyes. The logic that the market commentators make is nonsense. Bloomberg wrote, “Bets on a rate hike in 2023 fell after worse-than-expected economic numbers bolstered hopes the Fed can pause in September.” So you are right. They are cheering worse economic numbers because interest […]

ASIA:   Chinese state-owned banks are planning to lower interest rates on existing mortgages, marking the first such move since the global financial crisis. The goal is to support the struggling property sector and boost the economy, which has been facing challenges due to the debt crisis in the property market. The rate reduction will […]

ASIA:   Japan’s economy grew at a surprisingly fast pace in the second quarter of the year, driven by strong auto exports and an increase in tourist arrivals. This growth of 6.0% on an annualized basis and 1.5% quarterly exceeded expectations, with GDP reaching a new high. This growth rate was the fastest since the […]

QUESTION: Marty, How the hell are you? It’s been too long. This case of charging manipulation of precious metals being “spoofing” is the end of the free markets. This eliminates the locals, and trading will never be the same. I remember when the lawyers over the insider trading cases with Michael Milken came to you, […]

ASIA:   Reserve Bank of India (RBI) Governor Shaktikanta Das mentioned that vegetable prices in India are starting to decrease and are expected to continue declining from September onward. High vegetable and cereal prices led to a retail inflation surge of 7.44% in July, the highest in 15 months. Despite potential geopolitical tensions affecting food […]

While some economists are flipping from pessimistic to increasingly optimistic the US will beat inflation without a near-term recession, some still preach the standard doom & gloom prophecy for the economy. Everything in their field always turns on the Keynesian Model of interest rates, with the standard fallout from higher interest rates always will depress […]

ASIA: Beijing’s efforts to attract the Middle East’s capital are proving successful, with a Dubai-based chamber of commerce expressing eagerness for business collaboration and positioning itself as a key partner in China’s Belt and Road Initiative. China has become a significant global trade partner for the UAE, with over $72 billion worth of non-oil trade […]

ASIA: In India, retail inflation reached a 15-month peak in July due to higher prices of vegetables and cereals. The inflation rate rose to 7.44% in July from 4.87% in June, the highest since April 2022. Food inflation, accounting for about half of the consumer expenses, surged to 11.51% in July compared to 4.49% in […]

  ASIA:   Meeting China’s annual economic targets is not optional, Premier Li Qiang said, with a strong message calling for increased resources and policy coordination. During a State Council meeting on Wednesday, Li stressed the need to expand domestic demand, boost private enterprise, attract foreign investment and build a modernized industrial system as China […]