Crisis
Emboldened by America’s economic strength and China’s economic slowdown, President Donald Trump has thrown his challenge again by declaring that his administration will impose 10% tariffs on US$200 billion worth of Chinese imports, scheduled to go into effect on September 24th (next Monday). The tax will then skyrocket to 25% beginning January 1st, 2019. […]
... written on Sep 18 2018People were more anxious and excited about the news that a crooked lawyer, Shafee Abdullah, the same counsel defending world’s biggest crook, Najib Razak, had been arrested and charged than the news Anwar Ibrahim is making a grand return to Parliament. Like The Lord of the Rings – The Return of the King – Mr. […]
... written on Sep 14 2018President Trump, after being provoked and threatened, had sent aircraft carriers to North Korea and started trade war with China. Did PLO (Palestinian Liberation Organization) really think they were so special and powerful that Trump’s no-nonsense approach to politics and commerce would surrender to their empty threats? Last month, the Palestinian lost US$230 million in […]
... written on Sep 11 2018PAS (Malaysian Islamic Party) said they had done exceptionally well. MCA (Malaysian Chinese Association) too said they had done incredibly well. But UMNO (United Malays National Organization) admitted that the results of the three recent by-elections in Selangor have proven that the pact between UMNO and PAS isn’t working. Obviously one or two of […]
... written on Sep 11 2018Turkish currency is trading just below 7 Lira to the U.S. dollar. If that level is breached, all hell will break loose. On Friday, the currency plunged as much as 20%. It’s still too early to tell if Lira has stabilised for good. As the Turkish havoc ripples through global financial markets, this could be […]
... written on Aug 14 2018Turkish President Recep Tayyip Erdogan has picked the wrong guy for a fight. While Saudi Arabia could bully Canada over a petty issue concerning human rights, Turkey has miscalculated when it thought Trump would not care about American Pastor Andrew Brunson who has been detained since 2016 in Turkey. Brunson, who is from North […]
... written on Aug 11 2018China has threatened to slap 25% tariffs on US$16 billion worth of U.S. goods. It is the latest retaliation against the U.S. finalized list of US$16 billion worth in Chinese goods that will be hit with 25% tariffs – supposedly to take effect on Aug 23. China will pretty much match what Trump administration does […]
... written on Aug 09 2018After the world was entertained with antics displayed by Trump-Kim and Trump-Rouhani, the war of words has shifted to new players. This time, two powerful nations – Turkey and Israel – have started the lethal war in the Middle East. Zionist, Hitler, racist, fascist and dictator were some of the words used between leaders from […]
... written on Jul 25 2018Beijing’s unusual silence over Donald Trump’s latest US$505 billion trade war threat has been mind-boggling. Has President Trump pressed the right button and was right when he declared that trade wars were good and easy to win? It appears so, judging by the lack of retaliation from the Chinese after Trump’s massive US$505 billion tariffs […]
... written on Jul 23 2018There were two big declines in crude prices – last week and on Monday – despite analysts forecast of a decline of 3.622 million barrels in U.S. inventories for the week through July 13. Turns out, a surprise crude oil oversupply of 629,000 barrels in U.S. crude stockpiles occurred, as reported by the American Petroleum […]
... written on Jul 18 2018
