ASIA: China’s central bank cut its benchmark lending rates again on Thursday amid concerns about an economic slowdown in the world’s second-largest economy. The People’s Bank of China reduced the one-year loan prime rate by 10 basis points from 3.8% to 3.7%. In December, the PBOC cut the one-year loan prime rate for the first […]

ASIA: The International Monetary Fund on Tuesday cut its FY22 gross domestic growth product (GDP) forecast for India to 9 percent from 9.5 percent predicted in October, citing disruptions due to the Omicron wave of the Covid-19 pandemic. However, the multilateral agency raised the country’s GDP projection for FY23 to 9 percent from 8.5 percent […]

COMMENT FROM A REAL ESTATE BROKER IN NYC ON RENTAL MARKET: Equity Residential is demanding 40 to 45% increases on lease renewals. On one floor in particular, units have had to tolerate unending noise, smoke, etc from a neighbor. There is a security guard on that floor. In the 70’s and 80’s key money was […]

QUESTION: Marty; Do you think Newt Gingrich is correct about Liz Cheney that she could face jail time? GG ANSWER: Absolutely! I believe she is a vile individual and her father is responsible for the Iraq War. His former company Haliburton, to which he gave all the spoils, when it was going to be investigated, […]

ASIA:   The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 250.67 points or -0.90% to 27,522.26 Shanghai decreased 32.49 points or -0.91% to 3,522.57 Hang Seng increased 13.20 points or 0.05% to 24,965.55 ASX 200 decreased 166.60 points or -2.27% to 7,175.80 Kospi decreased 28.39 points or -0.99% to 2,834.29 […]

ASIA:   The major Asian stock markets had a mixed day today: NIKKEI 225 increased 305.70 points or 1.11% to 27,772.93 Shanghai decreased 3.12 points or -0.09% to 3,555.06 Hang Seng increased 824.50 points or 3.42% to 24,952.35 ASX 200 increased 9.90 points or 0.14% to 7,342.40 Kospi increased 20.40 points or 0.72% to 2,862.68 […]

ASIA: The Bank of Japan has shifted its view on inflation risk for the first time since 2014, driving the yen lower as a nation that has battled deflation for decades faces the mounting pressure of price rises in food and energy. Despite the historic change of view, the BoJ made no change to its […]

ASIA: India’s annual wholesale price-based inflation eased marginally in December to 13.56% but remained in double digits for a ninth successive month, reflecting rising input costs for firms, many of which are steadily passing on costs to consumers. December’s figure was marginally lower from the previous month’s 14.23%, which was the highest in more than […]

COMMENT: Martin; “Divide and Conquer” I did not fully comprehend because thirst for power is not in my wheelhouse. So once the government has promised salvation to the desensitized & numb, the divide creates an army who will do anything against the dissenters, by edict, for the sake of a dreamy future. Just like much […]

ASIA:   The major Asian stock markets had a negative day today: NIKKEI 225 decreased 364.85 points or -1.28% to 28,124.28 Shanghai decreased 34.00 points or -0.96% to 3,521.26 Hang Seng decreased 46.45 points or -0.19% to 24,383.32 ASX 200 decreased 80.50 points or -1.08% to 7,393.90 Kospi decreased 40.17 points or -1.36% to 2,921.92 […]