Asia: China has added a new fiscal stimulus package in order to prevent a sharp slowdown. Local governments will be allowed to issue up to 320 billion USD in special purpose bonds to fund infrastructure projects, which is an increase of over 59% from last year. Sony released “S.Ride,” an app which could become Uber’s […]
ASIA: Jack ma, head of the Chinese giant Alibaba, was criticized today after stating that the 9am to 9pm working day was “blessed” claiming it was the driving force of China today. In the Venezuela crises, China has been criticized for backing and bank rolling current unapproved President Maduro by US secretary of state Pompeo. […]
Asia: Recent figures show that Chinese trade with the U.S. has slumped. The figures suggest that the trade between the two countries is down 11% since the beginning of the year. China’s own internal figures are good with the country exporting 14% more in March and imports falling 7%, further increasing their trade balance. The […]
Asia: The World Bank president stated today that there is too much debt in the world, and finger pointing has turned toward China for lending trillions of dollars to other countries. This of course does not factor in that much of its holding debt is issued from mature countries, such as the U.S. In the […]
Asia: The EU has pledged to improve trade relationships with China, as well as improving the climate for foreign investors in the mainland. The signed declaration allowed for broader and non-discriminatory market access to the Chinese economy. Also mentioned was IP rights, which was an issue with the U.S.-China trade deal. Lastly, efforts were made […]
Asia: China wishes to ban bitcoin mining in an attempt to make the world a safer place – at least that is the positioning according to the Chinese National Development and Reform Commission. While hard to take serious at times, the group releases a report every year announcing what industries it wishes to restrict or […]
QUESTION: Mr. Armstrong; you were friends with Milton Friedman. Do you agree with his view that the Great Depression was caused in part by the Fed refusing to expand the money supply? Isn’t Quantitative Easing expanding the money supply yet it too has failed to create inflation. Would you comment on this paradox? Thank you […]
Asia: Despite the global sanctions imposed on North Korea, China continues to work towards its own benefit. It was revealed that China has opened yet another border crossing for North Korea via a bridge over the Yalu River. Both countries are in negotiations with the United States in the meantime. China and Russia have been […]
Asia: Chinese Vice President Liu backed by his delegation stated that a new consensus has been reached after yesterday’s meeting with President Trump. The two countries are still working toward a deal, but it appears as if progress has been made. Japanese bank Nomura stated that they will reduce the point of sales by at […]
QUESTION: Hi Martin– Thank you for your daily blog. I read it first thing each morning. Regarding the bank liquidity problems with the Eurozone banks: would it make sense to put assets in precious metals as a hedge against problems in the banking sector (i.e., getting capital out of the banks and into a safe […]
