ASIA: India’s unemployment rate fell to 7.14% in January, the lowest in four months, from 8.30% in the previous month, data from the Centre for Monitoring Indian Economy (CMIE) showed. The urban unemployment rate declined to 8.55% in January from 10.09% in the previous month, while the rural unemployment rate slipped to 6.48% from […]
Of course, the Goldbugs always misinterpret a rally in gold. The buying coming from China is in preparation for war – not bullish gold for the sake of gold. I have warned that if war was coming, then you will see China start to sell off US Treasuries. You certainly do not fund your adversary’s […]
ASIA: China continues to flex its muscles in the gold market after data from the People’s Bank of China shows that it bought more gold in January, the third straight month. China’s central bank bought 15 tonnes of gold last month; this follows 32 tonnes of gold bought in December and 30 tonnes bought […]
ASIA: Taiwan will speed up the development of drones for military use, considering the lessons of the war in Ukraine and the threat posed by China, the island’s defense ministry said on Tuesday. Unmanned aircraft have played a crucial role on both sides since Russia launched a full-scale invasion of Ukraine in February last year. […]
QUESTION: I found it fascinating that you were able to calculate the funding of the war that Cleopatra provided Mark Antony. Have you done similar work to look at the funding of Julius Caesar to cross the Rubicon? WT ANSWER: Yes. The Battle of Actium was a proxy war instigated by Cleopatra to try to […]
https://www.armstrongeconomics.com/wp-content/uploads/2016/02/Summers-Economy-Not-Predictable.mp4 QUESTION: Good afternoon – Will try to make this one quick. Know you are busy. Have you ever asked Socrates how to “defeat” its predictions? Or to reduce volatility/amplitude of projected events? (Really, you should be recognized alongside Adam Smith, Ricardo, et al. for your discoveries and contributions.) JN ANSWER: Because the entire […]
ASIA: The idea of lifting the cryptocurrency ban has started floating in China as a former central bank official has called the country to review its stringent crypto restrictions. Huang Yiping, a former member of the Monetary Policy Committee at the People’s Bank of China (PBoC), believes that the Chinese government should think again […]
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 11.81 points or -0.04% to 28,930.33 Shanghai decreased 19.47 points or -0.59% to 3,258.08 Hang Seng increased 9.12 points or 0.05% to 19,773.03 ASX 200 increased 1.70 points or 0.02% to 7,114.50 Kospi decreased 15.36 points or -0.61% to 2,492.69 […]
ASIA: India’s oil imports from Russia fell in July for the first time since March, along with its overall purchases, while supplies from Saudi Arabia rebounded for the first time in five months, data from trade and industry sources showed. Indian refiners lifted more futures from Saudi Arabia as prices were attractive, while prices for […]
ASIA: China’s banks have detailed 2.11 billion yuan ($312 million) of loans at risk to the increasing number of homebuyers refusing to pay mortgages on unfinished homes, as fears grow over a potential spillover into the wider financial sector. State-owned Agricultural Bank of China Ltd. said Thursday it held 660 million yuan of overdue loans […]
