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 […]
QUESTION: Mr. Armstrong; With Mexico pushing to nationalize mines claiming it is targeting lithium, many see this law as opening the door to seizing all mines. You have always warned that as we move closer and closer to 2032, governments will become more authoritarian because they feel that they are losing power. Do you see […]
ASIA: China Gold Association said that China’s gold production recovered to pre-pandemic level as demand for gold and jewelry jumped during the first quarter of this year. As COVID-19 impacts waned, the gold output of domestic mines operated by big gold enterprises reached around 32.72 tonnes in Q1, accounting for nearly half of the country’s […]
Sudan is the new site for the ongoing proxy war between Russia and the West, reminiscent of the Syrian conflict. The media had turned a blind eye to the internal conflict in Sudan under the idea that it did not involve us, unlike other global wars that can be used for profit and power. Then […]
ASIA: Investors are bracing for a regime change in global markets as the Bank of Japan moves closer to abandoning policies that have depressed the yen for decades, luring Japanese money back home. The yen has gained more than 11% from 30-year lows against the dollar last October and about 9% from eight-year lows […]
ASIA: India’s economy remained strong in March despite a decline in exports and a rise in unemployment, which could affect the country’s outlook. The Reserve Bank of India has paused rates for the first time since May to assess the impact of previous rate increases and support growth. Manufacturing activity improved as raw material […]
ASIA: China’s economy grew by 4.5% YoY in the first quarter, supported by strong consumer spending and a large trade surplus. This may lead to an upgrade in growth forecast for 2023 from the current 5.7%. Consumption was the main contributor to the GDP growth, with retail sales growing at the fastest rate […]
QUESTION: Mr. Armstrong, Your knowledge and database on financial crises is really unprecedented. I googled the first banking crisis and it brought up only the Crisis of 1763, which started in Amsterdam. Yet that list published in the WSJ which showed 1683 as the first panic and the siege of Vienna was most interesting. I […]
