Crisis
Robert Lloyd Schellenberg, a Canadian citizen, could stay alive if not for the China-Canada diplomatic hostilities. The 36-year-old former oil worker was detained in Liaoning province in 2014 for trying to smuggle more than 200kg of methamphetamine in China. That’s a huge amount of drugs. Still, he was sentenced to only 15 years in prison and […]
... written on Jan 15 2019One of the important goals President Donald Trump decided to launch a trade war with China last year was to narrow the trade deficit gap. He promised during his presidential campaign and after he entered the White House that he would seek to reduce massive U.S. trade deficits with China. However, based on the latest […]
... written on Jan 15 2019Where is the Yang di-Pertuan Agong, or the King of Malaysia? Nobody seems to know the whereabout of the monarch, not even the prime minister himself. Officially, the Agong had taken a two-month break from November 1, 2018 to December 31, 2018 – apparently due to health reason. Hence, Sultan Nazrin of Perak took over […]
... written on Jan 04 2019Dell CEO Michael Dell warned in July last year that the U.S. and China face a “mutual assured destruction” if trade relations collapse, adding that “no one will win” a trade war. But judging by Donald Trump and Xi Jinping’s latest antics, losing face is not an option. In denial, the U.S. president even said […]
... written on Jan 03 2019Kim Jong-un told South Korea’s Moon Jae-in in a New Year’s letter that he wants to meet with Moon “frequently” next year and vowed to work on “denuclearization” of the Korean Peninsula together. Similarly, the North Korea dictator also reportedly has sent a “conciliatory message” to Donald Trump, believed to be sweet talks on denuclearization. […]
... written on Dec 31 2018In what appears to be the next level of retaliation against the Government of Canada over the arrest of Huawei’s CFO (chief financial officer), Sabrina Meng Wanzhou, the Chinese may have already decided what to do with Robert Lloyd Schellenberg, a Canadian citizen on charges of drug smuggling. Although information is sketchy, it’s highly possible […]
... written on Dec 27 2018Crude oil has a new buddy – the S&P 500. Less than 2 months after the oil entered the bear market territory on Nov 8, the S&P 500 – the American stock market index based on the market capitalizations of 500 large companies – joins the club on Christmas Eve. On Monday, just before the […]
... written on Dec 26 2018President Donald Trump couldn’t hide his frustration anymore. The stock market sell-off will wipe out his only achievement as his government is officially shut down over funding. The U.S. shutdown could stretch into January, 2019. But the president’s biggest worry is the stock market meltdown, which could spell an economy slowdown and subsequently a recession. […]
... written on Dec 24 2018Fireman Muhammad Adib Mohd Kassim has died from injuries sustained during the riot at the Sri Maha Mariamman temple in Subang Jaya last month. Since then, the ethnic Malays have been demanding that P. Waytha Moorthy, National Unity and Social Well-being Minister, be fired. The Indian community, on the other hand, is defending the minister. […]
... written on Dec 24 2018How will the economy be in 2019? Most analysts, economists, bankers and even speculators have the following forecasts – slowdown, bearish, uncertainty and even recession. Even if the world could avoid a recession next year, it will eventually come the subsequent year in 2020. Those who believe in the 10-year cycle, however, think the 2019 […]
... written on Dec 18 2018
