Finance and Economy
China is not out of the wood yet although President Trump’s order to impose a 25% tariff on steel imports could hardly hurt the Chinese. Under pressure (including that of Gary Cohn’s resignation) that his tariffs would hurt American friends more than its enemies, the U.S. president made some changes and exempted Canada and Mexico by […]
... written on Mar 15 2018Unless you’ve been living under a rock this year, you should know that Saudi billionaire Alwaleed has been released. Prince Alwaleed bin Talal was released in January, more than 2 months after he was taken into custody in a sweeping crackdown on corruption. A senior Saudi official said Alwaleed was freed after he reached a […]
... written on Mar 13 2018An unexpected but wonderful event is about to happen in May. Nobody had expected “Dotard” Trump would meet “Rocket Man” Kim. After all, it was only months ago when the world was on the verge of its first nuclear war. It was unthinkable that two alpha-male – Donald Trump and Kim Jong-un – would greet […]
... written on Mar 11 2018On paper, Cohn seemed to be the perfect choice for Trump. The U.S. president called Gary Cohn his “top economic adviser”. That song of praise alone would melt even anti-Trump haters. However, in reality, both Cohn and Trump were just too different in terms of ideology and foreign policy. Hence, the news that Cohn has […]
... written on Mar 07 2018Trump has started World Trade War by imposing a 25% tariff on steel imports and 10% tariff on aluminium imports. Since then, he has been waiting for retaliations – from both friends and foes. So far China, supposedly the biggest culprit who has been accused of dumping the metals on American soil, has declared they do […]
... written on Mar 05 2018Donald Trump is reportedly trying to get rid of his favourite daughter Ivanka and his trusted son-in-law Jared Kushner. The U.S. president wants both to leave the White House, and he’s getting the help – privately – from chief of staff John F. Kelly. Playing good-cop-bad-cop roles, obviously Trump wants Kelly to be the bad […]
... written on Mar 03 2018Sometimes, it pays not to be in the top-10. And it certainly pays to stroke the back of the world’s most powerful man, especially if he’s a narcissist. China can now heave a sigh of relief. As expected, U.S. President Donald Trump has declared that the United States will impose a 25% tariff on steel imports […]
... written on Mar 02 2018Janet Yellen, if she’s still around today, would be extremely afraid of crashing the stock markets after the recent 666, 1175 and 1032 points plunge. But there’s a new sheriff in town and the new Federal Reserve Chairman Jerome Powell refuses to let himself be intimidated by those crashes. As far as new sheriff is […]
... written on Feb 28 2018Oracle of Omaha – Warren Buffett – has just released his 2017 annual letter to shareholders. As usual, his flagship Berkshire Hathaway’s stock portfolio was the hot commodity that everyone has been waiting for. According to the letter, the company had stock holdings totalling a staggering US$170.5 billion in market value as of end of […]
... written on Feb 26 2018Malaysia is perhaps the only nation in the world where corrupted leaders, when exposed, can walk with head held high as if it was an honourable thing to do. Regardless of race – Chinese, Malay, and Indian – majority of Malaysians consider corruption as part and parcel of life. In fact, some Malaysians love corruption […]
... written on Feb 24 2018
