ASIA:   The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 97.73 points or -0.35% to 27,930.57 Shanghai decreased 4.55 points or -0.15% to 3,115.43 Hang Seng decreased 210.82 points or -1.15% to 18,045.66 Kospi decreased 34.55 points or -1.39% to 2,442.90 ASX 200 increased 13.50 points or 0.19% to 7,135.70 […]

ASIA:   China’s interbank market self-regulatory body said on Tuesday it would expand bond financing for private firms, including property developers, with the support of the central bank. The National Association of Institutional Financial Market Investors (NAFMII) said on Tuesday that the scheme is expected to support about 250 billion yuan ($34.47 billion) in bond […]

Russia fired a number of missiles at Ukraine taking down power grids and hitting Lviv which is just 50 miles from Poland.  It appears that two of those missiles fell short and landed in Poland. Latvia’s deputy prime minister, Artis Pabriks, said Moscow had fired missiles that landed in Poland and Putin sent Warsaw his […]

ASIA:   The major Asian stock markets had a mixed day today: NIKKEI 225 increased 26.70 points or 0.10% to 27,990.17 Shanghai increased 50.68 points or 1.64% to 3,134.08 Hang Seng increased 723.41 points or 4.11% to 18,343.12 Kospi increased 5.68 points or 0.23% to 2,480.33 ASX 200 decreased 4.70 points or -0.07% to 7,141.60 […]

This FTX scandal is the death nil for cryptos. At first, I assumed that perhaps they lost a ton of money because of the implosion of the bond market. But this was not the case. In fact, this is perhaps the worst I have ever seen and it comes from trading losses from kids that […]

I reported in September that the Heritage Foundation estimated that the average American lost $4,200 since Biden became president. Within only a month, their analysis for October revealed that the average family had lost an average of $7,400. Around $6,100 of the loss came from annual income, while interest rates cost the average American $1,300 […]

  The collapse of the FTX Exchange is pretty straightforward insofar as this is the same lesson that constantly repeats in finance time and time again. Basically, FTX lent US$10bn of client funds to their trading arm Alameda, which used it for leveraged their own crypto speculation because the crypto market has been collapsing. Typically, […]

ASIA:   Chinese President Xi Jinping told US President Joe Biden during their first face-to-face meeting since 2017 that the Taiwan issue is “the very core of China’s core interests” and the “first red line” in bilateral ties that must not be crossed. Beijing considers Taiwan an inalienable part of China. The self-governing island’s democratically […]

ASIA:   The major Asian stock markets had a mixed day today: NIKKEI 225 increased 344.47 points or 1.25% to 27,872.11 Shanghai decreased 13.32 points or -0.43% to 3,064.49 Hang Seng decreased 38.60 points or -0.23% to 16,557.31 Kospi increased 27.25 points or 1.15% to 2,399.04 ASX 200 increased 25.20 points or 0.36% to 6,958.90 […]

At the World Economic Conference in 2021, the Armstrong Socrates model predicted that 2022 was going to be volatile and chaotic featuring a strong US dollar, a huge move in interest rates, a major bond market decline, fertilizer and food shortages, as well as escalating geopolitical tensions in Ukraine. What now? Socrates forecast that 2023 […]