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Market Talk – September 21, 2023

ASIA:   The Bank of Japan is expected to maintain extremely low interest rates and reassure markets about continued monetary stimulus, despite global economic concerns linked to China’s situation and U.S. interest rate developments. This policy contrasts with the U.S. and European central banks, which have raised rates to combat inflation. Despite Japan’s inflation exceeding […]

Market Talk – September 20, 2023

ASIA:   The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 218.81 points or -0.66% to 33,023.78 Shanghai decreased 16.39 points or -0.52% to 3,108.57 Hang Seng decreased 111.57 points or -0.62% to 17,885.60 ASX 200 decreased 33.30 points or -0.46% to 7,163.30 Kospi increased 0.53 points or 0.02% to 2,559.74 […]

Market Talk – September 19, 2023

ASIA: China’s central bank and forex regulator held a meeting with foreign financial institutions and companies, including JPMorgan, HSBC, Deutsche Bank, and Tesla. This meeting reflects China’s efforts to attract overseas investment to support its economic recovery. The People’s Bank of China (PBOC) stated that China aims to enhance its policies and create a more […]

Market Talk – September 18, 2023

  ASIA:   In August 2023, China’s monthly inflation rate compared to the same month the previous year was 0.1 percent, showing a recent decrease from a peak of 2.8 percent in September 2022. The annual average inflation rate for 2022 in China was 2.0 percent. There are regional variations in inflation rates, with Hebei […]

Beijing Sanctions US Arms Manufacturers

The US and China are at odds again. China is now sanctioning Lockheed Martin and Northrop Grumman for providing Taiwan with weapons. Last month was the first time that the US government approved direct military assistance to Taiwan. Previously, the US fulfilled its obligation under the Taiwan Relations Act without providing direct aid. This is […]

The Problem with Goldbugs

COMMENT: Mr. Armstrong, I just wanted to say thank you so much. I was listening to the perpetual gold analysts for years who never changed their tune. It was always buy, buy, buy, and the dollar would go to zero any day now. They always looked at the Fed and the balance sheet, and when […]

Market Talk – September 15, 2023

ASIA:   Influential ruling party lawmaker Hiroshige Seko expressed strong support for maintaining an ultra-loose monetary policy in Japan. This comes in response to recent comments from Japan’s central bank chief, which led to an increase in the yen’s value and bond yields. Seko emphasized that while inflation is rising due to higher raw material […]

Market Talk – September 14, 2023

ASIA:   China’s central bank, the People’s Bank of China (PBOC), has announced a second reduction in the reserve requirement ratio (RRR) for banks this year. This move, effective from September 15, involves a 25 basis point cut for all banks, excluding those with a 5% reserve ratio already in place. The reduction is aimed […]

Putin: Trump Indictments are Very Good for Russia

When asked about the impeachment of Donald Trump, Vladimir Putin said that it is “very good” for Russia insofar as it shows America is deteriorating from within. Putin and Trump once had a mutual respect for one another, acknowledging that each leader consistently put their nation first. Everyone besides the far-left can see that Trump’s […]

North Korea backs Russia

@skynews #VladimirPutin and #KimJongUn appear before cameras, with support for Russia’s #military aggression declared in public by NorthKorea. Watch more @Sky News ♬ original sound – Sky News Kim Jong Un traveled to Moscow to show Russian President Vladimir Putin his support. North Korea is completely dependent on China after the hermit kingdom was shunned […]