ASIA: Russia and China had their first joint operation yesterday. The Chinese defense ministry says four bombers, supported by fighter jets, patrolled a pre-planned route over the Sea of Japan and the East China Sea. However, China’s neighbors were not happy with the operation. South Korea said its jets fired flares and machine gun warning […]
COMMENT: Well, Ray Dalio was short the market, missed the rally, and lost almost 5% for the first half of the year. Obviously, they don’t use Socrates – lol. LB REPLY: I do not advise Bridgewater and I have no idea if they even subscribe to Socrates. But what you have to realize is that […]
ASIA: Mass protests occurred over the weekend in Hong Kong. The public was forewarned of the protests through social media as locals were advised to stay clear of protestors. Overall, China was pleased with the handling of the protestors by local authorities. The Foreign Ministry said local authorities should use all necessary measures to “safeguard […]
ASIA: The latest news regarding the U.S.–China trade deal is that progress has stalled. China demands that the U.S. changes their stance and ease restrictions on Huawei. The U.S. and Chinese senior officials spoke by phone this week, this represents only the second call since the G20 meeting in June where the two countries agreed […]
ASIA: Chinese officials who are in charge of Hong Kong affairs have drafted a plan to resolve the Hong Kong political chaos – but the report reiterated that they will not be using military action. CNBC has reported that more than 50 multinational companies have pulled out of China since the trade war broke out […]
ASIA: China told the Trump administration today to “make up its mind” regarding the trade deal, according to the South China Morning Post. China also warned that additional tariffs will derail the current negotiations. U.S. Treasury Secretary Steven Mnuchin this week stated that he and his entourage could be traveling to China this week if […]
ASIA: President Trump said today that there is a long way to go to reach the conclusion to this US-China trade deal. Additionally, there is a possibility of adding tariffs on another 325 billion USD worth of goods. China, meanwhile, has added another member to the negotiating team – the current minister Zhong Shan who […]
QUESTION: Hi Marty, are the current political events in Hong Kong linked to the turning point for Hong Kong especially with regards to the currency peg? Thanks for all your work NC ANSWER: This turning point in the ECM on January 2020 appears to be the turn in public confidence on a global scale. Much […]
QUESTION: Marty, You are wrong. The US Treasury can create the money as the Constitution says it can. Article I, Section 8, Clause 5. The Congress shall have the Power to coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures. To coin is used as a […]
ASIA: China’s released new data today that showed the economy grew at the slowest pace in 27 years, with the trade war with the United States being the prime suspect. China grew 6.2% in the second quarter of 2019, a drop from 6.4% in the first quarter, according to data released by the Chinese government. […]
