ASIA: China kept its benchmark lending rates unchanged in line with market expectations during the monthly fixing. The one-year loan prime rate (LPR) remained at 3.45%, and the five-year LPR was steady at 4.20%. This decision was influenced by economic data indicating a stabilizing economy and a weaker yuan, limiting the need for further […]
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Mercantilism is the economic theory that trade generates wealth and is stimulated by the accumulation of profitable balances, which a government should encourage by means of protectionism, according to the Oxford Dictionary. We see nations like Germany rely on this model as they produce various products to export through trade. German manufacturing has provided the […]
@nayibbukele By design… ♬ original sound – Nayib Bukele El Salvador was the murder capital of the world not long ago. The country has gone over 300 days without a homicide after El Salvador’s President Nayib Bukele implemented a zero-tolerance policy for gang violence. The nation rounded up over 50,000 suspected gang members, also referred […]
QUESTION: Socrates appears to have picked the Hamas Attack. There was a double Directional change on the currency for the week of October 2nd and then two more directional changes for the following two weeks. There are rumors that people knew it was coming and were buying Northrop Gruman shares the week before. Am […]
ASIA: China plans to implement a new round of fiscal stimulus to support its economic recovery, utilizing a well-established strategy that relies heavily on debt and state spending. This approach lacks the more profound reforms suggested by a growing number of analysts. Some government advisers propose raising the 2024 budget deficit target beyond the […]
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Danish Prime Minister Mette Frederiksen met with Japanese Prime Minister Fumio Kishida to discuss offshore wind turbines. Denmark is a leader in wind turbine technology, while Japan has an advantage in shipbuilding technology. Japan has stated that it plans to increase its offshore wind power by 60% by 2030. Biden stated he wants to power […]
QUESTION: Mrt. Armstrong, Socrates has been a real lifesaver. It is refreshing not to have someone spinning their political views into everything. Socrates called for the high in GDP here in 2023 and that the high took place in May. Here, we have Biden creating money without regard for fiscal responsibility. Socrates has shown the […]
Netanyahu is another corrupt politician leading the world into ruin. He has faced charges of fraud, bribery, breach of trust, and conspiracy throughout his presidency, but that is peanuts compared to what is currently happening. It is hard to believe that Israeli intelligence was unaware that 1,000 Hamas fighters were amassed at the border. Netanyahu […]
