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Market Talk – June 17, 2020

ASIA: India has conveyed to China the fact that the deadly clash in eastern Ladakh on Monday night will have “a serious impact” on relations between the two countries. Foreign Minister S. Jaishankar shared this with his counterpart in Beijing in a phone conversation today. Both sides agreed not to take “any action to escalate […]

Market Talk – May 28, 2020

ASIA: China’s Parliament has backed security legislation for Hong Kong, which would make it a crime to undermine Beijing’s authority in the territory. Clashes broke out on Wednesday as Hong Kong’s Parliament debated a different proposed law, which would make it a crime to disrespect the Chinese national anthem. Hundreds of people were arrested in […]

Market Talk – April 29, 2020

ASIA: India’s sovereign rating could come under pressure if its fiscal outlook deteriorates further as the government tries to steer the country through the coronavirus crisis, rating agency Fitch said on Tuesday. Fitch currently rates India at BBB-, with a stable outlook, but any downgrade would consign its sovereign debt to junk bond territory. The […]

Market Talk – April 8, 2020

ASIA: India is planning to extend its nation-wide lockdown after many state governments requested to extend the lockdown retaining all or most of the existing curbs. The likelihood of lifting the lid on mass transit such as trains, metros, and flights and on inter-state movement of people appears slim. India’s state governments are demanding help […]

Market Talk – April 2, 2020

ASIA: India’s policy makers are preparing a plan to carefully analyze a tough trade-off. They are considering a continued lockdown post-April 14, 2020, at the cost of longer-term economic devastation, or a rational “unlocking,” allowing India to return to work. Based on pre-COVID-19 projections of India’s GDP, the average daily GDP value for FY2021 was […]

Market Talk – February 19, 2020

ASIA: US President Donald Trump has said Washington is in no hurry to sign a big trade deal with India and he is saving the big deal for later on. There was an expectation that India and the US would sign a trade deal next week during President Trump’s maiden visit to Asia’s second-largest economy. […]

Will Adam Schiff Lose in 2020? Will He be Compelled to Testify?

There has been an interesting cyclical movement back and forth in The California 28th District from which Adam Schiff resides. While he represents West Hollywood, Burbank, Glendale, Northeastern Los Angeles suburbs, as well as parts of Central Los Angeles, Schiff has held that position since 2013 and the Democrats have held that district since 2003. […]

Has Schiff Abused the Power of Congress?

QUESTION: The Democrats said that Dershowitz’s argument on the constitutional grounds to impeach Trump is “absurdist.” What is your UNBIASED opinion if you can be unbiased? HM ANSWER: Obstruction of Congress is a bogus charge. The purpose of Executive Privilege is to maintain the separation of power. The Democrats had the right to go to the […]

Market Talk – January 15, 2020

ASIA: After more than two years of rising tension, the US and China have signed a deal aimed at calming trade frictions. The agreement has been hard-fought, but it is unclear how much economic relief from their trade war it will offer. Tariffs will largely remain in place. Analysts say it’s unlikely that the deal […]

Market Talk – January 14, 2020

ASIA: President Trump’s trade war with Beijing reduced the US’ trade deficit with China last year, although Chinese manufacturers still export far more to the US than vice versa. China’s widening surplus provided ready ammunition to the Trump administration as it placed round after round of tariffs on the country’s goods to get Beijing to […]