ASIA: China’s central bank on Friday said that non-bank payment firms must report plans for overseas initial public offerings and other major events. This is the latest move in a widespread regulatory squeeze on the country’s tech firms. Non-bank payment firms should report both domestic and overseas listing plans, the People’s Bank of China (PBOC) […]

  We are approaching the 50 year anniversary of the TUNNEL to Freedom which was dug by West Berliners to reach the East to rescue families from the horror of Marxism. Today, once again, we have governments restricting travel by claiming it is due to COVID. To protect the people, they must strip their freedom […]

ASIA: China’s central bank cut the amount of cash most banks must hold in reserve. The People’s Bank of China will reduce the reserve requirement ratio by 0.5 of a percentage point for most banks, according to a statement published Friday. That will unleash about 1 trillion yuan ($154 billion) of long-term liquidity into the […]

QUESTION: Why is the Fed doing so much Reverse Repo? Do you think it will hit $2 trillion? JE ANSWER: I understand that people seem to be talking up the reverse repo activity as doom and gloom. The Federal Reserve has been raising interest rates and boosted the return to fight inflation. The reverse repo […]

ASIA: Japanese bank lending rose at its slowest annual pace in more than eight years in June as corporate fund demand to weather coronavirus-linked cash constraints subsided, central bank data showed on Thursday. Total deposits parked at commercial banks continued to rise and hit a fresh record last month, the data showed, as companies and […]

QUESTION: Marty, A while back you made mention that there was fear that the dollar would split. I believe this was in the 1970’s, soon after the anchor to gold was lost. If that is the case then it looks like gold reflected that lack of confidence and I wonder whether it really was oil or […]

ASIA: Russia and China have presented a plan to build the joint International Lunar Research Station (ILRS). The proposed lunar base is intended to be ready for crewed visits by 2036 and is unrelated to the American-led Artemis program, which has pledged to land “the first woman and person of color” on the moon by […]

COMMENT: Martin, My brother is in town today, and instead of discussing religion (always colorful, as he is agnostic and I am evangelical), we were discussing politics. He is fleeing San Francisco because of their covid lockdowns and is appalled that his liberal friends took the whole narrative hook, line, and sinker. He calls himself a […]

ASIA: China’s imports from Saudi Arabia fell 21% in May from a year earlier but retained their top ranking among suppliers for the ninth month in a row, customs data showed on Sunday. Shipments from Saudi Arabia were 7.2 million tonnes last month, or 1.69 million barrels per day (bpd), data from the General Administration […]

  The move to end paper money and move toward a national cryptocurrency took a major step recently when the House Financial Services Committee task force expressed support for experiments to create a digital cryptocurrency version of the U.S. dollar. They argued that the United States had to keep pace with China, and in the […]