COMMENT: Marty; Two former Merrill Lynch traders were each sentenced to a year and a day in prison Thursday for manipulating the precious metals markets, the US Department of Justice announced. Of course, —- —–, which is forever bullish metals, claims they moved the metals in the “direction they wanted from 2008 to 2014.” It […]

  The Biden Administration is responding to the panic phone calls that their Marxist philosophy will bring down the entire financial system. My ear is red as can be. I have had enough of the phone calls today to last the balance of the month. Trying just to do the right thing! Three banks have […]

ASIA:   Xi Jinping secured a precedent-breaking third term as president of China on Friday during a parliamentary session in which he tightened his control of the world’s second-largest economy as it emerges from a COVID slump and diplomatic challenges mount. Nearly 3,000 members of China’s rubber-stamp parliament, the National People’s Congress (NPC), voted unanimously […]

QUESTION: The sales pitch seems to be that there is this $2 quadrillion in global debt that overhangs everything. Paper assets, therefore, will all implode!  They seem to be saying that everything has risen due to this debt bubble and it was all created with Zero interest rates. Now that they are going up, the debt […]

ASIA:   India’s domestic economy is its primary engine of growth and the slowdown in economic activity late last year will only be temporary, said Moody’s Analytics on Tuesday. Citing that the private consumption lagging overall GDP for the first time since the Delta wave of Covid-19 struck the economy in the second quarter of 2021, […]

QUESTION: Thank you for the interesting update on Crude & Natural Gas previously. Since Feb was a Directional Change and March is a turning point, then the cycle inversion for a March high rather than a low looks still choppy with no breakout. Since electric car demand has peaked, the Fed seems determined to get […]

ASIA:   Retail sales of vehicles in India jumped 16% to around 1.8 million units in February, helped in part by strong demand during the wedding season, an industry body of automobile dealers said on Monday, adding that festivals could push the sales higher in March. Sales have picked up in the last two months […]

ASIA:   U.S. President Joe Biden’s nominee to lead the World Bank, ex-Mastercard Chief Executive Officer Ajay Banga, said he plans to travel to Europe, Asia, Africa and potentially Latin America in coming weeks to hear from donor countries and borrowers on challenges facing the global institution. Biden last week nominated Banga, to head the […]

ASIA:   China is willing to “constructively” participate in solving the debt problems of relevant countries under a multilateral framework, its Premier Li Keqiang said on Wednesday. China, the world’s largest bilateral creditor, has criticized multilateral lenders for not accepting losses, or haircuts, on loans to low-income countries while Beijing is being asked to do […]

ASIA: India’s Gross Domestic Product (GDP) growth slowed to a three-quarter low of 4.4 percent in October-December 2022-23 primarily due to a 1.1 percent contraction in manufacturing, along with weaker private consumption demand and government expenditure, according to data released by the National Statistical Office (NSO) on Tuesday. Slowing from 6.3 percent in July-September and […]