Crisis
Investors are looking for an endgame to the trade war between the world’s two biggest economies – China and United States. But there has been no endgame since the dispute started since March 2018. Instead, it appears the endgame has just begun. And a global recession – even depression – looks inevitable. On Friday, Dow […]
... written on Aug 25 2019China has made good on its promise to retaliate against President Donald Trump’s latest 10% tariff on US$300 billion worth of Chinese goods. On Friday (August 23), the Chinese State Council announced it decided to slap tariffs ranging from 5% to 10% on US$75 billion U.S. goods in two batches – effective on Sept. 1 […]
... written on Aug 24 2019To Be Booted!! – Zakir Should Preach & Unite The Arab Muslims To Prove He’s Not A Snake Oil Salesman
As expected, Zakir Naik, the controversial Indian Islamic preacher accused of spreading hate speech, laundering money, and funding terrorism by the Indian government was quick to use “misquoted” and “out of context” excuses to defend himself when his pants caught fire. Amusingly, the previous corrupt Barisan Nasional government often used them too whenever they screw […]
... written on Aug 16 2019Stocks 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 2019Mahathir said – “I still remembered the time when we were about to achieve independence. The non-Malays at the time found it difficult to learn Jawi so we made the decision to use the Roman script to make it easier for non-Malays. Malays still need to learn Jawi because they need to read the Quran. Why […]
... written on Aug 14 2019Singapore 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 2019Every 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 2019In 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 2019In 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 2019A day after the Wall Street crashed 333 points as a result of less than impressive interest rate cut by the Federal Reserve, the stocks made an incredible rally – skyrocketed to as much as 311 points – until Trump spoils the party. The president dropped a bombshell when he declared an additional 10% tariff […]
... written on Aug 02 2019
