Crisis
Turkish 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 2018Microsoft co-founder Bill Gates and former U.S. President Barack Obama read and recommended his books. And now this historian has an important lesson to the entire human race on planet Earth – “One thing that history teaches us is that we should never underestimate human stupidity. It’s one of the most powerful forces in the […]
... written on Jul 16 2018Picking up a stick and uses it as a gun is what young children would usually do. The dramatic play can lead to wonderful learning. It’s an important part of early childhood development, as teachers would tell you. With Made-in-China fake plastic guns getting cheaper, it’s hard to imagine if kids nowadays still use sticks […]
... written on Jul 11 2018He was appointed to overseeing the United Kingdom’s exit from the European Union. Yet, his boss – Prime Minister Theresa May – was such a weak leader that she was willing to sellout the nation in order not to offend the EU. Brexit Secretary David Davis has dropped a bombshell – quitting the May government […]
... written on Jul 09 2018Get ready for a spike in crude oil prices. Shortly after the U.S. State reaffirmed the Trump administration’s goal of reducing Iran’s oil exports to zero by November 4th, Iranian President Hassan Rouhani warned Tehran could retaliate – by disrupting oil shipments to neighbouring countries. Although Iran didn’t elaborate on such plans, it isn’t hard to […]
... written on Jul 06 2018
