ASIA: A Reuters poll of 19 economists showed that Japan’s core consumer inflation likely increased in April due to retail price hikes offsetting the effect of the government’s energy subsidies. The core CPI, which excludes fresh food but includes energy items, likely grew by 3.4% in April from a year earlier, marking the fastest […]
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 increased 4.54 points or 0.02% to 29,126.72 Shanghai decreased 9.60 points or -0.29% to 3,309.55 Hang Seng decreased 18.41 points or -0.09% to 19,743.79 ASX 200 decreased 3.80 points or -0.05% to 7,251.90 Kospi decreased 5.51 points or -0.22% to 2,491.00 […]
Interpretation of the Constitution is often caught up in controversy. What is beautiful to one person is average or ugly to another. The best construction regarding law was the cornerstone of Justice Scalia who I regard as probably one of the most brilliant minds that ever sat on the bench. Of course, the left […]
ASIA: The Agricultural Bank of China, one of the country’s largest commercial lenders, has scaled up support for the manufacturing sector. As of the end of March, the bank’s outstanding loans to the manufacturing sector exceeded 2.69 trillion yuan ($388.42 billion), according to the bank. Newly-added loans to the manufacturing industry stood at over 390 […]
ASIA: The UAE and India are expected to surpass their non-oil trade target of $50 billion this year, on their way to reaching the $100 billion goal by 2030. Bilateral non-oil trade reached $45.5 billion between May 2022 and March 2023, with a 7% increase from the previous year. In the first quarter of […]
QUESTION: Just about every Bitcoin advocate says you are wrong and Bitcoin cannot be stopped. Yet, it seems they are dreaming. Here in Europe, we are already restrained by the maximum cash transaction is €1000. Do you maintain that cryptocurrency will be outlawed or seized? HT https://www.armstrongeconomics.com/wp-content/uploads/2023/05/LaGarde-Digital-Currency.mp4 ANSWER: Yes. Here is Lagarde on digital currency. […]
PRIVATE BLOG – Gold & The Panic Cycle 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 & The Panic Cycle first appeared on Armstrong Economics.
ASIA: High prices are starting to put pressure on small and midsize businesses in Japan, forcing a record number of them into bankruptcy as the country lags behind the West in passing along the increased costs to customers. Fiscal 2022 saw 463 companies file for bankruptcy over rising prices or an inability to pass […]
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 closed Shanghai increased 27.18 points or 0.82% to 3,350.46 Hang Seng increased 249.57 points or 1.27% to 19,948.73 ASX 200 decreased 4.30 points or -0.06% to 7,193.10 Kospi decreased 0.46 points or -0.02% to 2,500.94 SENSEX increased 555.95 points or 0.91% […]
ASIA: Core consumer inflation in the Japanese capital beat expectations in April and an index cutting fuel costs rose at its fastest pace in four decades, underscoring the challenge the central bank’s new chief faces in keeping interest rates ultra-low. The core consumer price index (CPI), which excludes volatile fresh food but includes fuel […]
