ASIA:   Local governments in China are facing a debt crisis, with direct debt exceeding 120% of revenue, which is more than what Beijing has unofficially said is an acceptable debt level. The country’s explicit local government debt nearly doubled over five years to the equivalent of $5.14 trillion last year, and there are rapidly […]

QUESTION: Mr. Armstrong; Who is being irrational? The markets or the analysts? KE ANSWER: That’s simple. It is the analysts. The markets are ALWAYS correct. When you have bank failures unfolding, people will withdraw money out of caution. It is the very same reason there are ancient hoards of coins. You find coins in times […]

  ASIA:   Japan’s economy narrowly averted a recession in the final months of 2022, barely growing on frail consumption after shrinking in the third quarter, revised data showed, underscoring the challenge for policymakers trying to shore up a wobbly recovery. Record high inflation and slowing global growth amid sweeping monetary tightening across many countries […]

ASIA:   China’s central bank kept interest rates unchanged while increasing liquidity injections for a fourth consecutive month, with the aim of supplying the market with enough long-term funds. The move also indicates policymakers’ comfort with the country’s modest economic growth target for this year, set at around 5%, which is at the lower end […]

QUESTION: Marty there are a lot of people who seem to be trying to create a panic. Some are claiming the stock market will plunge by 50%. Others are saying nothing will survive other than gold. It seems like none of these people have any sense of what is really unfolding. They were saying the […]

ASIA:   The major Asian stock markets had a green day today: NIKKEI 225 increased 520.94 points or 1.93% to 27,466.61 Shanghai increased 10.10 points or 0.31% to 3,265.75 Hang Seng increased 332.67 points or 1.73% to 19,591.43 ASX 200 increased 60.20 points or 0.87% to 7,015.60 Kospi increased 28.61 points or 1.20% to 2,416.96 […]

The banking crisis continues and it is impacting funds that have been buying bonds. Allianz, a subsidiary of Pimco, is writing off countless millions with Credit Suisse bonds. The banking crisis has been the result of artificially low-interest rates for far too long and banks were used to free money and bought long-term bonds all […]

ASIA:   The major Asian stock markets had a green day today: NIKKEI 225 closed Shanghai increased 20.74 points or 0.64% to 3,255.65 Hang Seng increased 258.05 points or 1.36% to 19,258.76 ASX 200 increased 56.90 points or 0.82% to 6,955.40 Kospi increased 9.15 points or 0.38% to 2,388.35 SENSEX increased 445.73 points or 0.77% […]

  ASIA:   A new report suggests that China is reducing its imports from the United States, with a decline in US exports to China in 2022, despite suggestions of record trade. The worsening of relations between the US and China since the Trump administration began imposing import tariffs on Chinese goods in 2018 has […]

Economics is the ONLY field where cycles are denied. Moreover, people do not even comprehend how COMPLEXITY emerges. Alan Turing was a brilliant mathematician who is probably the father of computers for he built the really first computer to break the German Enigma Machine. He invented the computer and broke the German Enigma Code. You […]