When our model had forecast the fall of Communism in 1989, the general press was attributing it to modern communication since the Berlin Wall fell a few months later. I pointed out that the same time difference took place when in Rome they overthrew their king in 509BC and within a few months in Athens, […]

ASIA:   The major Asian stock markets had a negative day today: NIKKEI 225 decreased 669.61 points or -2.46% to 26,568.03 Shanghai decreased 33.35 points or -1.07% to 3,073.77 Hang Seng decreased 258.01 points or -1.33% to 19,094.80 ASX 200 decreased 109.60 points or -1.54% to 7,024.30 Kospi decreased 18.88 points or -0.80% to 2,333.29 […]

ASIA: Japan’s economy, the world’s third largest, shrank less than initially estimated in the third quarter, bolstering a view that it is slowly recovering from COVID-19 doldrums even as large export markets show further signs of weakening. Separate data showed the economy had recorded its first current account deficit in eight years in October, reflecting […]

ASIA: Uncertainty facing the global economy next year will exacerbate challenges at home for China, economists in Beijing say, while urging swift support to help counter external headwinds. As the risk of global recession looms, China should stay alert to turbulence in international markets and the potential of another financial crisis, said former vice-finance minister […]

ASIA:   Citigroup Inc said it will wind down its consumer banking business in China, a move which is expected to affect about 1,200 employees in the country. The exit will include products such as deposits, insurance, mortgages, investments, loans and cards, the lender said in a statement Thursday. The bank will also explore options […]

  The Central Bank Dilemma has become a major crisis in and of itself. I have been warning these past years that the ONLY tool a central bank has is manipulating the interest rates. Quantitative Easing was primarily to influence long-term rates indirectly since the Fed can only set short-term rates. During the past nine […]

ASIA:   The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 58.68 points or -0.21% to 27,842.33 Shanghai decreased 27.91 points or -0.87% to 3,179.04 Hang Seng decreased 437.24 points or -2.20% to 19,463.63 Kospi decreased 16.02 points or -0.67% to 2,373.02 ASX 200 decreased 32.40 points or -0.45% to 7,180.80 […]

ASIA:   The major Asian stock markets had a mixed day today: NIKKEI 225 increased 326.58 points or 1.18% to 27,901.01 Shanghai increased 9.60 points or 0.30% to 3,206.95 Hang Seng increased 450.64 points or 2.32% to 19,900.87 Kospi increased 17.96 points or 0.76% to 2,389.04 ASX 200 increased 37.70 points or 0.53% to 7,213.20 […]

  ASIA:   The major Asian stock markets had a negative day today: NIKKEI 225 decreased 199.47 points or -0.72% to 27,686.40 Shanghai decreased 12.91 points or -0.40% to 3,199.62 Hang Seng decreased 626.36 points or -3.22% to 18,814.82 Kospi decreased 10.35 points or -0.43% to 2,382.81 ASX 200 decreased 61.90 points or -0.85% to […]

COMMENT FROM HUNGARY: Dear Marty, You were correct again. Price controls do not work in the long run. The Hungarian government introduced a price cap on gasoline and diesel a few months ago, but a few hours ago this evening they had to let it go(they “tried everything in their power to help but the […]