ASIA: China’s benchmark lending rates have remained unchanged for the ninth consecutive month in May, aligning with market expectations. The decision was influenced by factors such as a weakening yuan and widening yield differentials with the United States, which limited the potential for significant monetary easing. Although recent data indicated a slowdown in the […]
QUESTION: Hi Marty, May I ask your indulgence? Am trying to come to terms with my own ignorance of real history and figured that if someone as smart as you made the same error as I, wouldn’t feel as bad (good company and all that). The German Blitz, the bombing of London, is a classic […]
QUESTION: Can you add Romania and Moldavia currencies to Socrates? I greatly appreciate your response to Gold. HR ANSWER: Yes, we will add them. I hope I translated your question correctly. If there are other currencies people want to add, drop a request. The post Romania & Moldavia first appeared on Armstrong Economics.
COMMENT: Marty; Socrates is absolutely amazing. At the start of the year, you showed April as a key turning point in gold followed by May June. The weekly array projected this was the week for the Directional Change. There is nobody with a system like this, which brings to mind its forecasts for war. Ukrainians […]
ASIA: India’s foreign exchange reserves experienced a continuous increase for the third week in a row, reaching $599.53 billion as of May 12. This level represents the highest amount since early June, according to the Reserve Bank of India’s statistical supplement released on Friday. The reserves saw a rise of $3.55 b billion compared […]
ASIA: Japan’s economy experienced a faster-than-expected recovery in the first quarter, coming out of a recession caused by the COVID-19 pandemic. The growth was primarily driven by increased consumption following the pandemic, which helped counter the challenges posed by global economic conditions. However, concerns have arisen due to signs of a slowdown in economic […]
The Balkck Sea Trade – Tauric Chersonesus, Panticapaeum. This is probably the finest known Gold Stater (circa 350-300AD) of Panticapaeum, which was the most powerful city in the Tauric Chersonesus with deep involvement in the lucrative Black Sea grain trade for even back then, Ukraine was a major bread-basket in the ancient world as well. […]
ASIA: India’s economy is expected to grow by 5.8% in 2023, driven by strong domestic demand, although high funding costs and weak external demand pose challenges. The United Nations report also predicts a growth rate of 6.7% for India in 2024. Inflation is forecasted to decrease to 5.5% in 2023, aided by stable global […]
ASIA: China’s industrial output and retail sales growth in April fell short of expectations, indicating a loss of momentum in the economy at the beginning of the second quarter. This has increased pressure on policymakers to support the post-COVID recovery. The data also revealed a further decline in property investment, raising concerns about the outlook […]
ASIA: India’s annual wholesale price index (WPI) fell for the first time in nearly three years in April, as prices softened across the board. WPI fell by 0.92% from the same month a year earlier, having risen 1.34% in March. The data compared with a Reuters poll that predicted a fall of 0.20%. In April, […]
