Archive for January, 2018
As 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 2018A month before Malaysia’s 13th general election on 5th May 2013, something quite interesting and amusing occurred behind closed doors. Opposition de-facto leader Anwar Ibrahim and then Prime Minister Najib Razak signed a secret agreement at the presence of former Indonesian vice-president Jusuf Kalla. Why was there such an agreement? The long and short […]
... written on Jan 29 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 2018Time will tell if President Donald Trump’s first declaration of trade war is a smart or dumb move. It could be both, after he signed a pair of trade actions imposing steep tariffs on washing machines and solar panels. The move was, of course, to get his message out, that the taxes on imports “demonstrate […]
... written on Jan 24 2018We know that the rich is getting richer while the poor is getting poorer. We also know the world is unfair as far as wealth distribution is concerned. What we don’t know is how serious the problem has gotten year after year. At the start of 2015, Oxfam had warned that 1% of the world’s […]
... written on Jan 23 2018What would happen if France holds a similar referendum like the Britain two years ago which caused the Brexit? The French, like fellow Britons, would “probably” vote to leave the European Union. That’s the bombshell coming out from the horse’s mouth – French President Emmanuel Macron during an interview. Ever since United Kingdom delivered […]
... written on Jan 22 2018Donald Trump marked the first anniversary of his inauguration with his government in shutdown mode. Essentially at midnight Friday, the U.S. federal government is partially shutdown after the Senate failed to reach a solution – the first government shutdown since 2013. If there’s any consolation prize, Trump’s predecessor Obama also had experienced such humiliation. […]
... written on Jan 21 2018Apple’s CEO Tim Cook doesn’t like Donald Trump. It’s not hard to understand why Mr. Cook (a liberalist) and Mr. Trump (a nationalist) don’t see eye to eye – until now. The Apple chief had previously blamed the U.S. president as a white supremacist and a racist who promotes “hate and bigotry” in the United […]
... written on Jan 19 2018During his 2016 election campaign, Trump routinely threatened to impose a 45% across-the-board tariff on Chinese goods. After a year on the throne, the U.S. president hasn’t slapped any punishment on China, an economic power accused of consistently stealing U.S. IP (intellectual property) and jobs as well as practising “one-sided and unfair” trade deficit. The reason Trump […]
... written on Jan 18 2018