Do the Reserves of a Nation Matter Anymore?

The goldbugs spun the tail that China was going to save them by making gold $50,000-$100,000 an ounce because money, in their minds, has to be tangible. However, China’s $3 trillion-plus in foreign currency reserves was the biggest stockpile in … Continue reading →

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Market Talk – July 26, 2024

July 26, 2024
ASIA:   The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 202.10 points or -0.53% to 37,667.41 Shanghai increased 4.16 points or 0.14% to 2,890.90 Hang [...]
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It’s a Recession Not a Depression

July 26, 2024
The government insists that the economy is fine, thriving perhaps, and has asked the public to pay no mind to their current financial situation. No one, aside from those living [...]
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China turns Neutral?

July 26, 2024
Ukraine Foreign Minister Dmytro Kuleba and Chinese counterpart Wang Yi in Guangzhou met to discuss China’s position on the Russia-Ukraine war. China stated it is “willing to play a constructive [...]
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