ASIA: China stated they will take required countermeasures if the US raises tariffs to 25% on 200 billion’s worth of Chinese goods. “The Chinese side deeply regrets that if the US tariff measures are implemented, China will have to take necessary countermeasures,” the ministry said. The Bank of Japan march minutes indicated that the board […]
ASIA: US trade representative Robert Lighthizer has accused China of backtracking on agreement within trade talks but has insisted a deal with China is still possible. Vice Premier Liu will be visiting Washington this week. More in US section below. In other news, China will not take part in three-way nuclear talks with the US […]
QUESTION: I have been following your blog for a number of years, public and private. I read the blog concerning “European Politics.” In it you state the capital flight will be a contagion. I understand what the influx of European capital will have on the DOW and S&P, but much less certain of the duration of […]
ASIA: China today sentences a second Canadian to death for drug smuggling, earlier in the year the two countries had a tense relationship due to the handover of Huawei’s CEO daughter to the US. Washington commented on the Chinese Belt and Road initiative as a huge strategic mistake by allowing China to be at the […]
ASIA: A large rally (people, not stocks) took place in Hong Kong today appealing against the countries extradition law. The proposed law will allow suspect to be sent to mainland China for trail. It is believed over 100 thousand people took part in the protests. Regarding US and China relations the US Treasury Secretary Mnuchin […]
https://www.armstrongeconomics.com/wp-content/uploads/2019/04/Trailer-Bond-Contagion.mp4 We are facing a very interesting financial crisis that has never before been witnessed because this is how the Socialist Utopian Society will crash and burn. We are beyond all economic theories for nobody from Keynes back to Adam Smith ever contemplated what would happen with the deadly theory of Quantitative Easing constructed upon […]
QUESTION: You have written about the collapse of the Byzantine monetary system. I also believe it fell to the Europeans in 1204 and the story was that the Germans were being aggressive back then demanding tribute. Was this also another monetary crisis at that time? Thank you JY Alexius III AV Hyperpyron ANSWER: Yes, there was […]
ASIA: Japanese PM Abe has been in advanced talks since the beginning of the week with European Leaders, discussions about protectionism and free trade agreements were at the forefront of the conversation. Due to current trade agreements savings in excess of 1.1billion Euros for European businesses exporting to Japan. The backdrop of the conversation was […]
ASIA: The bank of Japan announced they plan on keeping interest rates low until the spring of 2020, as weaker global demand and Chinese-US relations were taking a toll on the export reliant economy. China today announced that a French warship had entered the Taiwanese strait earlier this month. In a surprising move by the […]
ASIA: The North Korean leader Kim Jong-un visits Russia for the first time near the city of Vladivostok. Talks are due to commence tomorrow between the two nations as Russia wishes to discuss North Korea’s nuclear problem. This, along with continued efforts to engage with China, is a continued effort for North Korea to hedge […]
