Commodities
Energy crisis created by the Russia-Ukraine conflict isn’t over, even though the crude oil prices have dropped to below US$100 a barrel. The wishful thinking that sanctions imposed on Russia could cripple and defeat the Kremlin has boomeranged on the Western nations instead. The impact, either direct or indirect, is so bad that the West […]
... written on Sep 01 2022Since Vladimir Putin launched his “special military operation”, which the U.S. and its allies called an “unprovoked invasion”, in Ukraine, the Western nations have done nothing but add fuel to the fire. By supplying weapons to Ukraine, instead of taking steps to end the conflict, neither Ukraine nor Russia could end the war. Neither the […]
... written on Aug 29 2022You are hearing more and more people talking about gold IRAs and the investments they are making with the aim of improving the quality of their retirement years, at least financially. Since you keep hearing about this, it is only natural for you to start wondering about it even more and to start thinking about […]
... written on Aug 23 2022All 11 sectors in the S&P 500 were in the red on Monday (Aug 22) with a whopping 480 stocks in red and just 23 in green. The Standard and Poor’s 500 lost 2.14% – biggest drop since June 28. The Dow Jones Industrial Average plunged 643.13 points, while the Nasdaq Composite tumbled 2.55% – […]
... written on Aug 23 2022When Joe Biden stepped on the Saudi soil last month (July 2022), the U.S. president knew he would receive a low-key reception. He had no choice but to visit the oil-rich kingdom. He can’t blame anyone except himself for a declaration of war against Saudi when he was a presidential candidate. Biden declared he was […]
... written on Aug 15 2022Joe Biden’s fist bump with Saudi Crown Prince Mohammed bin Salman, popularly known as MBS, was such a disaster that the U.S. president probably wished he hadn’t made the trip to the Middle East. It was a trap from the beginning to not only humiliates the most powerful man on planet Earth, but also to […]
... written on Jul 23 2022Paying attention to the news these days is a chore all on its own. The number of doomsayers and prophets predicting the doom of the world and a huge economic crash upcoming is concerning, to say the least. Sadly, there seems to be some credibility to these worries. Why do I say that? Well, […]
... written on Jul 22 2022Russia-Ukraine conflict has indeed wrecked havoc around the world. After Australian Prime Minister Scott Morrison and British Prime Minister Boris Johnson lost their jobs, partly due to the Ukraine war, Italian Prime Minister Mario Draghi became the third casualty who resigned on Thursday (July 14) due to a disagreement over how to respond to the […]
... written on Jul 16 2022Ringgit does not seem to be in a good position. The Malaysia currency is trading at more than 4.43 to a dollar – the lowest for the year, having plunged from 4.16 in January 1. Technically, its resistance is 4.50 – less than RM0.07 away. The last time the currency was trading at this low […]
... written on Jul 13 2022Zelensky has just sacked Ukraine’s ambassador to Germany, India, Norway, Hungary and Czech Republic. The stunning mass firing has raised eyebrows because one of the envoys – Andriy Melnyk – had served in Germany for 7 years. No explanation was offered for the dismissal, but Zelensky has urged his diplomats to drum up international support […]
... written on Jul 11 2022
