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US Credit Rating & the Sovereign Debt Crisis

QUESTION: What do you make of the US debt downgrade? Do you think this has anything to do with indicting Trump in three courts? I know many people decided to donate to Trump today, even for the first time, as a sign of disapproval of the Biden Administration and the RINOs. HJ ANSWER: It is […]

Market Talk – August 3, 2023

ASIA:   The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 548.41 points or -1.68% to 32,159.28 Shanghai increased 18.77 points or 0.58% to 3,280.46 Hang Seng decreased 96.51 points or -0.49% to 19,420.87 ASX 200 decreased 42.90 points or -0.58% to 7,311.70 Kospi decreased 11.08 points or -0.42% to 2,605.39 […]

Market Talk – August 2, 2023

  ASIA: The Argentine government has reached an agreement with the People’s Bank of China to obtain US$1.7 billion in yuan through currency swaps. This will help them fulfill their payment obligations of US$2.7 billion to the International Monetary Fund. To cover the remaining balance, they will receive a loan of US$1 billion from the […]

Market Talk – August 1, 2023

ASIA: In July, India’s manufacturing activity showed a slight easing for the second consecutive month, as per a private business survey by S&P Global. The Manufacturing Purchasing Managers’ Index (PMI) declined marginally to 57.7 from 57.8 in June but was slightly higher than expected (57.0). Despite the moderation, the pace of expansion remained healthy, with […]

Market Talk – July 31, 2023

ASIA:   The major Asian stock markets had a green day today: NIKKEI 225 increased 412.99 points or 1.26% to 33,172.22 Shanghai increased 15.11 points or 0.46% to 3,291.04 Hang Seng increased 162.38 points or 0.82% to 20,078.94 ASX 200 increased 6.80 points or 0.09% to 7,410.40 Kospi increased 24.26 points or 0.93% to 2,632.58 […]

Illogical Ship of Fools

  COMMENT: Thank you for your private blog on interest rates. We seem to have the dumbest people in government possible. How could they sell debt when China was the largest holder and then threaten them with war over Taiwan? A third-grader would see the illogical assumption in this position. If they cannot sell the […]

The Rising Civil Unrest Thanks to WOKE

Indeed, Go Woke = Go Broke. Bezos is going to lose $100 million with the Washington Post, which has also lost its mind trying to move so left, they are losing readership every day. One has to wonder when those in the media will wake up and realize that such things as family values exist. […]

Market Talk – July 14, 2023

ASIA:   The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 28.07 points or -0.09% to 32,391.26 Shanghai increased 1.22 points or 0.04% to 3,237.70 Hang Seng increased 63.16 points or 0.33% to 19,413.78 ASX 200 increased 56.20 points or 0.78% to 7,303.10 Kospi increased 37.07 points or 1.43% to 2,628.30 […]

Market Talk – July 13, 2023

  ASIA:   China’s exports have experienced a significant decline, marking the fastest drop since the beginning of the COVID-19 pandemic three years ago. The weakened global economy has intensified the pressure on Chinese policymakers to implement new stimulus measures. In June, outbound shipments from China, the world’s second-largest economy, plummeted by a higher-than-anticipated 12.4% […]

Market Talk – July 12, 2023

ASIA:   The International Monetary Fund (IMF) has approved a $3 billion bailout program for Pakistan, which will last for nine months. This decision follows a staff level agreement reached between Pakistan and the IMF in the previous month. The financial support is crucial for Pakistan, which is facing economic challenges. Additionally, the United Arab […]