ASIA: Asia was an outlier for Zara owner Inditex last year, the only region where profits fell as China faced COVID-19 lockdowns, while profit ballooned in the Americas, the fashion retailer’s annual report showed on Thursday. Inditex, the world’s biggest fashion retailer, reported record annual sales on Wednesday. It has been expanding in the […]
ASIA: China’s embattled property sector made new progress in its climb out of a months-long slump as official data for January-February on Wednesday showed much narrower declines in home sales, developer investment and construction starts. Home sales by floor area in the first two months of 2023 fell 3.6% from a year earlier, according […]
ASIA: The major Asian stock markets had a negative day today: NIKKEI 225 decreased 610.92 points or -2.19% to 27,222.04 Shanghai decreased 23.38 points or -0.72% to 3,245.31 Hang Seng decreased 448.01 points or -2.27% to 19,247.96 ASX 200 decreased 99.90 points or -1.41% to 7,008.90 Kospi decreased 61.63 points or -2.56% to 2,348.97 SENSEX […]
A lot of people have been asking where to go, what bank is safe, and what’s next? This is by no means over. The fiscal mismanagement is off the charts and we have a major clash with the Marxist views of the Democrats who always want to punish the rich and then ask them for […]
ASIA: China’s efforts to ramp up lithium extraction could see it accounting for nearly a third of the world’s supply by the middle of the decade, according to UBS AG. The bank expects Chinese-controlled mines, including projects in Africa, to raise output to 705,000 tons by 2025 from 194,000 tons in 2022. That would lift […]
COMMENT: Marty; Two former Merrill Lynch traders were each sentenced to a year and a day in prison Thursday for manipulating the precious metals markets, the US Department of Justice announced. Of course, —- —–, which is forever bullish metals, claims they moved the metals in the “direction they wanted from 2008 to 2014.” It […]
The Biden Administration is responding to the panic phone calls that their Marxist philosophy will bring down the entire financial system. My ear is red as can be. I have had enough of the phone calls today to last the balance of the month. Trying just to do the right thing! Three banks have […]
ASIA: Xi Jinping secured a precedent-breaking third term as president of China on Friday during a parliamentary session in which he tightened his control of the world’s second-largest economy as it emerges from a COVID slump and diplomatic challenges mount. Nearly 3,000 members of China’s rubber-stamp parliament, the National People’s Congress (NPC), voted unanimously […]
In times of economic distress, people will hoard their wealth. This is as true in ancient times as it is in modern times. I was called in about a hoard of gold – one thousand $20 St Gaudians gold coins all dated 1924 – uncirculated. As you see, I have a reputation for buying […]
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 increased 178.96 points or 0.63% to 28,623.15 Shanghai decreased 7.15 points or -0.22% to 3,276.09 Hang Seng decreased 125.51 points or -0.63% to 19,925.74 ASX 200 increased 3.30 points or 0.05% to 7,311.10 Kospi decreased 12.82 points or -0.53% to 2,419.09 […]
