ASIA: The 10th Arab-China Business Conference commenced with the signing of 30 investment agreements totaling $10 billion in various sectors. These agreements cover areas such as technology, renewables, agriculture, real estate, minerals, supply chains, tourism, and healthcare. The Saudi government signed deals with multiple Chinese entities, encompassing projects like automotive research and development, tourism […]
QUESTION: Dear Mr. Armstrong, could you please explain what happens in technical terms from a capital flow perspective, when confidence is lost and hyperinflation starts to begin? For example Turkey. When Erdogan was elected i think you wrote that ever since the lira started dropping. So confidence in politics is key. Do you think one […]
PRIVATE BLOG – Gold June Low – Beware of July Private blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com. https://ask-socrates.com/ The post PRIVATE BLOG – Gold June Low – Beware of July first appeared on Armstrong Economics.
ASIA: Inflation in China stayed at low levels in May, as the economy struggles to recover even after its strict Covid lockdown measures lifted late last year. Producer price index in May fell 4.6%, marking the steepest year-on-year drop in seven years, when producer prices saw a year-on-year drop of 7.2% in May 2016. […]
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 272.47 points or -0.85% to 31,641.27 Shanghai increased 15.83 points or 0.49% to 3,213.59 Hang Seng increased 47.18 points or 0.25% to 19,299.18 ASX 200 decreased 18.30 points or -0.26% to 7,099.70 Kospi decreased 4.75 points or -0.18% to 2,610.85 […]
ASIA: Singapore’s retail sales exceeded expectations, increasing by 3.6% year-on-year (YoY) and surpassing the projected contraction of 1.9% YoY. On a monthly basis, retail sales rose by 4.2%, with a similar increase seen when excluding motor vehicle sales. Despite elevated inflation, retail sales have remained strong, potentially due to the return of visitors to Singapore. […]
QUESTION: Mr. Armstrong, first I want to thank you for your independent analysis. In gold, all they ever say is buy – buy – buy. It seems if you ever say anything else, they ridicule you. Gold to them is a religion, not an investment. My question is that you have always said that the […]
ASIA: According to the World Bank, India’s economic growth is expected to slow down further to 6.3% in the financial year FY 2023/24. This is a downward revision of 0.3 percentage points from the previous estimate of 6.6%. The main reason for the slowdown is attributed to constrained private consumption caused by high inflation. […]
ASIA: According to Macquarie’s Chief China Economist Larry Hu, China’s economic recovery from the pandemic is expected to expand, indicating that the country is not currently facing the same stagnation issues as Japan. However, recent economic data has disappointed investors who were hoping for a strong rebound in the world’s second-largest economy after the lifting […]
ASIA: The major Asian stock markets had a green day today: NIKKEI 225 increased 376.21 points or 1.21% to 31,524.22 Shanghai increased 25.43 points or 0.79% to 3,230.07 Hang Seng increased 733.03 points or 4.02% to 18,949.94 ASX 200 increased 34.30 points or 0.48% to 7,145.10 Kospi increased 32.19 points or 1.25% to 2,601.36 […]
