ASIA: The US and China have established two working groups to discuss economic and financial matters, as announced on September 22. This decision was made by US Treasury Secretary Janet Yellen and Chinese Vice-Premier He Lifeng during their meeting in Beijing in July. The economic group will involve collaboration between the US Treasury department […]
ASIA: S&P Global Ratings has kept India’s growth forecast for the current fiscal year at 6%. This decision is based on factors such as the global economic slowdown, increased risk of below-average monsoons, and the delayed impact of interest rate hikes. Although the agency views the recent surge in vegetable prices as temporary, it […]
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 168.62 points or -0.52% to 32,402.41 Shanghai increased 47.73 points or 1.55% to 3,132.43 Hang Seng increased 402.04 points or 2.28% to 18,057.45 ASX 200 increased 3.60 points or 0.05% to 7,068.80 Kospi decreased 6.84 points or -0.27% to 2,508.13 […]
ASIA: The Bank of Japan is expected to maintain extremely low interest rates and reassure markets about continued monetary stimulus, despite global economic concerns linked to China’s situation and U.S. interest rate developments. This policy contrasts with the U.S. and European central banks, which have raised rates to combat inflation. Despite Japan’s inflation exceeding […]
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 218.81 points or -0.66% to 33,023.78 Shanghai decreased 16.39 points or -0.52% to 3,108.57 Hang Seng decreased 111.57 points or -0.62% to 17,885.60 ASX 200 decreased 33.30 points or -0.46% to 7,163.30 Kospi increased 0.53 points or 0.02% to 2,559.74 […]
ASIA: China’s central bank and forex regulator held a meeting with foreign financial institutions and companies, including JPMorgan, HSBC, Deutsche Bank, and Tesla. This meeting reflects China’s efforts to attract overseas investment to support its economic recovery. The People’s Bank of China (PBOC) stated that China aims to enhance its policies and create a more […]
ASIA: In August 2023, China’s monthly inflation rate compared to the same month the previous year was 0.1 percent, showing a recent decrease from a peak of 2.8 percent in September 2022. The annual average inflation rate for 2022 in China was 2.0 percent. There are regional variations in inflation rates, with Hebei […]
QUESTION: If I remember correctly, did you say that the 51.6-year cycle even applied to the wars of Athens in ancient times? GD ANSWER: Yes, you have a good memory. Aegina fell to Athens in 456 BC in war. It won its independence again with the loss of Athens in the Peloponnesian War with Sparta […]
COMMENT: Mr. Armstrong, I just wanted to say thank you so much. I was listening to the perpetual gold analysts for years who never changed their tune. It was always buy, buy, buy, and the dollar would go to zero any day now. They always looked at the Fed and the balance sheet, and when […]
ASIA: Influential ruling party lawmaker Hiroshige Seko expressed strong support for maintaining an ultra-loose monetary policy in Japan. This comes in response to recent comments from Japan’s central bank chief, which led to an increase in the yen’s value and bond yields. Seko emphasized that while inflation is rising due to higher raw material […]
