Finance and Economy
The last time the DJIA (Dow Jones Industrial Average) posted a drop of more than 600 points was June 24, 2016, the day after the Brexit vote. So when the U.S. stocks dropped 665.75 points on Friday, there were tons of panicked faces. But generally people were quite calm as if the devilish 666-point plunge […]
... written on Feb 04 2018If you want to do business in China, learn to not only respect the Chinese culture but also recognize the Middle Kingdom’s sovereignty. Foreign companies are learning the hard way that making money in China comes with a price-tag. From user data to military installation, Beijing will get what it wants or else doing business […]
... written on Feb 02 2018For the first time since 1970 – almost 50 years – the United States can loudly tell Saudi Arabia that Americans will never be taken hostage by the Arabs – again. In November 2017, the U.S. oil production rose to 10.038 million barrels a day, 4% more than the previous month. That milestone is slightly […]
... written on Feb 01 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 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 2018
