Market Talk – May 30, 2023
ASIA: Consumer prices in China increased at their slowest pace in two years, indicating deflationary pressure and weakness in domestic demand. The consumer price index rose by only 0.1% in [...]
European State of the Union Through the Eyes of a 23-Year-Old
I happened to have a conversation with someone from Portugal who was neither a trader nor an investor, just an observant 23-year-old. When I asked for her take on the state of affairs in Europe, she candidly replied:
“Yes, there are groups of people who expect civil war. Actually, the situation in Europe at this moment is a big mess. Those in the Baltic countries are afraid of Russians, others are in a big panic because of ISIS, and the other third are upset about EU not to mention a mess with refuges and etc… In general, war industry brings amazing profit. So it is a question of time when history will repeat once again, as you say.”
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QUESTION: Mr. Armstrong; I’m not sure if you remember me. I was with the Islamic bank that our board ordered we were to open a branch in Turkey and we [...]
