Currencies
Earlier this month, the United States imposed tariffs on US$34 billion worth of Chinese imports. President Trump it was a punishment for Chinese theft of IP (intellectual property) and other unfair trade practices. Amusingly, Trump warned China not to retaliate. Immediately on the same day, China did exactly that – slapping taxes on the same […]
... written on Jul 21 2018Billionaire Soros’ Latest Warning – New Financial Crisis About To Hit EU, Thanks To These 3 Problems
A major financial crisis is about to hit European Union, says billionaire investor George Soros. Speaking at the European Council on Foreign Relations annual council, Soros said Europe was in “an existential crisis.” Soros, the founder of the pro-European Open Society Foundation, claimed there are basically three problems which had “hindered Europe’s economic development”. […]
... written on May 30 2018If there’s a competition for cashless society, Sweden will most likely win the Olympic gold medal hands down, follows by Norway and Denmark. The Scandinavia is the most cashless place on planet Earth. Obviously, they don’t believe cash is king. Instead, they believe cash is horrible and should be banned. Yes, they were so proud […]
... written on Apr 04 2018Zuckerberg has finally apologised after the Cambridge Analytica scandal erased tens of billions of dollars from his company’s market capitalization. But the defiant billionaire did so only after he was criticised for his failure to apologize in his initial admission in a Facebook post that he “made mistakes” and would “do” more to protect users’ […]
... written on Mar 24 2018From June 2018 Google will ban all online adverts that promote cryptocurrencies and any related content. In the recent announcement, which follows similar action that Facebook took earlier in the year, Google’s other platforms such as YouTube and third-party websites will all be covered by the ban. For cryptocurrency businesses and investors, this is a […]
... written on Mar 22 2018As the U.S. Treasury Department announced on Monday that it expects to borrow US$441 billion in the current January-March quarter, the largest amount in 8 years, more bad news comes in. The DJIA (Dow Jones Industrial Average) plunged 177.23 points, its biggest drop of 2018 after the 10-year treasury yield shot higher above 2.7% to reach its […]
... written on Jan 30 2018He was the famous billionaire currency trader who broke the Bank of England and made US$1 billion in 1992. But he was also a strong supporter of Hillary Clinton who eventually lost US$1 billion when the stock market skyrocketed after Donald Trump’s stunning victory. He is, of course, the legendary currency speculator, investor, philanthropist, political […]
... written on Jan 26 2018If you’re not an American, chances are you would notice your local currency suddenly skyrockets. Keep calm and stop celebrating because it has nothing to do with a sudden boost in your country’s economy. Instead, the US dollar has suddenly plunged to a 3-year low and its biggest 1-day drop in 10 months simply because […]
... written on Jan 25 2018You may not like his big mouth. You may not like his provocative tweets. You may not like his funny hairstyle. Heck, you may not even like that he has a gorgeous wife. But by now, it’s hard to deny that Donald Trump is good for business. For close to a year, the U.S. president […]
... written on Dec 27 2017China is today the world’s biggest economy. But the Middle Kingdom didn’t transform itself into a wealthy nation overnight without lifting a finger. It had been invaded and colonised by various empires – from Mongolia to Manchuria, Russia, United States, Britain, France, Italy, Germany and Japan. Amazingly, the Chinese didn’t perish but emerge stronger over […]
... written on Nov 27 2017
