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Currencies

It’s Not Over Yet – Promised To Take The Necessary Countermeasure, China Could Target The U.S. Oil

Stocks dropped like a rock on Wednesday (August 14) when the DJIA (Dow Jones Industrial Average) plunged 800.49 points – worst percentage drop of the year. What happened? Apparently the bond market flashed warning of recession. The yield of 10-year Treasury note broke below the 2-year rate – a rare but reliable indicator of economic […]

... written on Aug 16 2019

Trump Blinked Again – Postponed Tariffs On $300 Billion Chinese Goods Under The Pretext Of Saving Christmas

Earlier this month, when President Donald Trump announced a new round of 10% tariffs on US$300 billion worth of Chinese imports, the remaining goods yet to be taxed, Beijing was not convinced that the U.S. would escape from the escalated trade war unscathed. Trump also overplayed his hand in the poker game when he threatened […]

... written on Aug 14 2019

Singapore Cuts Economic Growth To Almost 0% – Here’s Why Everyone Should Be Worried

Singapore has a piece of very bad news for not only its own people, but also the region, if not the world. The small island’s economy almost came to a standstill in the second quarter, thanks largely to the US-China trade war, which has gotten worse after China retaliated against Trump’s 10% new tariff on […]

... written on Aug 13 2019

China Gets Aggressive!! – Sets Yuan On Fire Of 7.0039 And Is Prepared For An Economic Slowdown To Beat Trump

Every night at 9 p.m. ET, the People’s Bank of China (PBOC) fixes a level at which the Yuan (Renminbi) will trade against the U.S. dollar within China. On Wednesday, the central bank sets the Yuan midpoint at 6.9996 per dollar. But by Thursday, it crossed the red line and breached the 7 level – […]

... written on Aug 08 2019

China Strikes Back!! – Trade War Becomes Currency War After Suspends U.S. Agricultural Goods & Devalues Currency

In retaliation for Donald Trump’s announcement last week of new 10% tariff against an additional US$300 billion of Chinese goods, effective September 1, Beijing has finally fired its biggest shot since the trade war started in March 2018. It devalues its currency Yuan (Renminbi) and officially suspends purchases of American agricultural products.   As a […]

... written on Aug 06 2019

Trade War Is Tough To Win – How A Desperate Trump Vetoed Advisers’ Objections Of New Tariffs On China

In March 2018, about 17 months ago, President Donald Trump confidently – even arrogantly – said that trade wars are good, and easy to win. His first shot at Mexico, imposing a 25% tariff on steel and a 10% tariff on aluminium, helped spark a 420-point drop in the Dow Jones Industrial Average (DJIA) and […]

... written on Aug 05 2019

Stocks Crashed 333 Points! – Powell Cuts Interest Rate But Not Enough To Satisfy Trump & Market

Federal Reserve Chairman Jerome Powell was caught between a rock and a hard place. If he refuses to obey Donald Trump, he would be condemned. If he obeys his boss, he would be a puppet of the U.S. president. So when he took the middle way, cutting the key interest rate as desired by Trump, […]

... written on Aug 01 2019

The Trump Effect! – Home Sales Plunge 36% As Chinese Buyers Flee, Continue Dumping US Treasury

For the 12-month period from April 2018 to March 2019, U.S. home purchases by foreign buyers dropped 36%. According to the National Association of Realtors (NAR), foreigners bought only 183,100 properties worth about US$77.9 billion, down from 266,800 valued at US$121 billion in the previous period. That’s a loss of US$43 billion worth of home […]

... written on Jul 18 2019

The U.S. Is Already In Recession – And There’s Something Wrong With The Stock Market Rally

If the United States’ economy is in bad shape due to its trade war with China, how come its stock market has been so bullish lately? The S&P 500 is about to pull off its best first half of a year in at least 10 years and the Dow Jones Industrial Average (DJIA) is enjoying its best June […]

... written on Jun 27 2019

Meet Libra – Here’s How Facebook’s New Cryptocurrency Works and Looks Like

Facebook, despite earning US$55.8 billion in 2018, isn’t happy with its profit. Facebook wants to become the Federal Reserve of social media – ability to print money and control the money supply and movement ultimately. Meet Libra, the new digital currency just unveiled by Facebook, scheduled to be launched in the first half of next […]

... written on Jun 18 2019









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