ASIA:   Haruhiko Kuroda, the BoJ’s longest-serving governor who will step down in April, last week defied market pressure and kept the key pillars of his monetary easing programme unchanged, stressing that wage growth was not sufficient despite the global inflation shock. Suntory Holdings, the drinks group behind Jim Beam and Yamazaki, aims to raise […]

QUESTION: Dear Martin Could you please describe more in detail what you are expecting when talking about the breakdown of the monetary system? Will there be differences between countries like Germany and Switzerland for example? Especially regarding pension systems. I assume, there might be big differences between countries. Many thanks and best regards, R. ANSWER: […]

ASIA: China’s decision to reopen its economy will increase inflation in Europe as they both compete for more energy, the president of the European Central Bank said Friday. China’s reopening is “something that will be a positive for China mostly, something that will be a positive for the rest of the world, but we will […]

  The entire theory of the Petrodollar dates back to the collapse of Bretton Woods and the subsequent oil embargo protesting US support for Israel and the price shock of raising prices. Those were the days when everyone was obsessed with gold and the whole idea of a floating currency that was popular to say […]

QUESTION: Hello Mr. Armstrong. I am from Poland and I know the history and our differences with Russia, but in this war, I’m against Ukraine. They don’t even want to apologize for atrocities committed on civilians but want us to help them. The west of Ukraine was always Polish but in our mind, it no […]

ASIA:   China kept benchmark lending rates unchanged for a fifth month on Friday, as expected, but analysts say future cuts are possible as the central bank has pledged to support the COVID-ravaged economy. The one-year loan prime rate (LPR) – on which most new and outstanding loans are based – was left at 3.65%. […]

ASIA:   China’s annual consumer inflation rate accelerated in December, driven by rising food prices even as domestic demand wavered amid restrained economic activity. The consumer price index (CPI) in December was 1.8% higher than a year earlier, rising faster than the 1.6% annual gain seen in November, data from the National Bureau of Statistics […]

COMMENT: I know you saved Mercedes making back their $1 billion lost all because they listened to the fake news about how the pound and the dollar would crumble in the face of the euro. I read the 2011 Barron’s article on your forecast. It was OK to publish that when they thought you would […]

ASIA:   China’s economic growth is likely to rebound to 4.9% in 2023, before steadying in 2024, a Reuters poll showed, as policymakers pledge to step up support for the COVID-ravaged economy. Gross domestic product (GDP) likely grew just 2.8% in 2022 as lockdowns weighed on activity and confidence, according to the median forecasts of […]

ASIA:   The Bank of Japan is considering revising its inflation forecasts upward, sources familiar with the central bank’s thinking said Friday, in a move that could fuel market speculation that the BOJ is set to shift away from its aggressive monetary easing. The revisions would include raising its core consumer inflation outlook for fiscal […]