ASIA:   Singapore’s central bank, the Monetary Authority of Singapore (MAS), has provided a somber assessment of the country’s economy. The MAS predicts ongoing challenges, including sluggish growth, inflation, and the possibility of a technical recession. Although the MAS has lowered its inflation forecast for 2023, it acknowledges that the battle against rising consumer […]

ASIA:   Goldman Sachs has stated that Western countries may need over $25 billion in investments to match China’s supply of rare earths. The concern arises from Beijing’s export restrictions on minor metals, leading to fears that rare earths could be the next target. Currently, China accounts for 90% of global refined output of rare […]

  The goldbugs cling to everything they can to promote gold at the destruction of the dollar. They are pushing the idea that China, Russia, and other BRICS countries are developing a dollar alternative. The truth of the matter is that is more fiction. Even India’s foreign minister S. Jaishankar came out and said, “There […]

Every poll imaginable shows Biden and Harris steeply declining in popularity. Biden’s favorability is now lower than the past 13 presidents. I cannot imagine any sane person supporting him after what he has done to the nation in the past three years. No one can honestly say they are better off under Biden. This man […]

ASIA:   A working group of the Reserve Bank of India has stated that the increased use of the Indian rupee in international trade and capital account transactions will lead to the currency gaining international acceptance. The group suggests promoting the rupee for import and export without any limits, allowing non-residents to open rupee accounts […]

ASIA:   A private sector survey in China revealed that factory activity growth slowed in June due to concerns about sluggish market conditions. The Caixin/S&P Global manufacturing purchasing managers’ index (PMI) dropped from 50.9 in May to 50.5 in June, indicating a marginal expansion. The index mark of 50 separates growth from contraction. The survey […]

ASIA:   The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 45.10 points or -0.14% to 33,189.04 Shanghai increased 19.68 points or 0.62% to 3,202.06 Hang Seng decreased 17.93 points or -0.09% to 18,916.43 ASX 200 increased 8.40 points or 0.12% to 7,203.30 Kospi increased 14.26 points or 0.56% to 2,564.28 […]

Over 1,500 “global leaders” from 90 countries met in North China’s Tianjin municipality for the World Economic Forum’s Summer Davos. Chinese Premier Li Qiang opened the conference by discussing China’s economic success amid modernization. China’s growth is expected to accelerate during the second half of the year. The International Monetary Fund (IMF) foresees China alone […]

Kiev’s Great Offensive has been unimpressive, to say the least.  Ukrainian Defense Minister Aleksey Reznikov has claimed that he has yet to deploy the bulk of its Western-trained forces he keeps in reserve for this much-touted counteroffensive against Russian forces. They have only been able to capture a few small villages quite some distance from […]

ASIA:   In the first five months of the year, China’s industrial firms experienced a significant decline in annual profits, with a 18.8% year-on-year slump. This decline follows a contraction of 20.6% in profits from January to April. The weakening demand and squeezed margins indicate that the country’s post-COVID economic recovery is faltering. Various indicators, […]