Asia: Despite the global sanctions imposed on North Korea, China continues to work towards its own benefit. It was revealed that China has opened yet another border crossing for North Korea via a bridge over the Yalu River. Both countries are in negotiations with the United States in the meantime. China and Russia have been […]
Asia: Chinese Vice President Liu backed by his delegation stated that a new consensus has been reached after yesterday’s meeting with President Trump. The two countries are still working toward a deal, but it appears as if progress has been made. Japanese bank Nomura stated that they will reduce the point of sales by at […]
QUESTION: Hi Martin– Thank you for your daily blog. I read it first thing each morning. Regarding the bank liquidity problems with the Eurozone banks: would it make sense to put assets in precious metals as a hedge against problems in the banking sector (i.e., getting capital out of the banks and into a safe […]
Asia: MIT university announced today that they have terminated funding and research links with China’s Huawei and ZTE. The decisions comes amid ongoing tensions between the telecommunications company as well as China and the U.S. as a whole. On a more optimistic note, numerous news sources have claimed that America’s trade war with China is […]
Asia: The U.S. and China are reportedly growing closer to a final trade agreement. The news caused the Shanghai composite to move up 1.24%. A White House economic advisor stated that the negotiators are “making good headway,” however, this deal was due to have been wrapped up by now. There is uncertainty whether a deal can […]
QUESTION: I am a mega dollar bull – I totally get how it is the only game in town. I’ve lived it too, having seen how the big banks work their balance sheets from the inside. However… occasionally people send me charts like the one below and get all excited. They say we are de dollarizing […]
Asia: China’s central bank asked police to investigate a fake rate-cut report. The report emerged on social media, causing pressure on tech firms within China. In other news, China furthered relationship with Russia after purchasing 24 fighter jets Su-57. The Su-57 jet is touted as the world’s best military jet, which is quite controversial as […]
Asia: Japan’s emperor is going to step down at the end of the month, ushering in a new imperial era called “Reiwa,” which will focus on fortunate harmony and people coming together. China is set to curb all types of fentanyl production following a plea from the U.S. The Chinese-based drug has had a huge […]
Asia: Today marked the second and final day in this round of U.S. – China trade negotiations in Beijing. According to RT News, “The US just ‘invaded’ an island in the East China Sea & no one noticed.” This island belongs to the Japanese, Okinawa archipelago, and was taken over and used as a military […]
Asia: U.S. Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer began a new round of discussions in Beijing today, and reports are that the two sides have made early progress in the current round of negotiations – including perhaps forced technology transfers. The recent issue regarding the Chinese company Huawei seems to be […]
