War
The economy has many moving parts and recession is just one of them. For decades, analysts have been searching for signs that might predict a downturn, just like how punters or gamblers are obsessed with hundreds of technical charts and formulas to guide them to buy or sell stocks ahead of the crowds. It’s just […]
... written on Apr 09 2022Ruble was trading at 81.16 per U.S. dollar on Feb 23, the day before Russian President Vladimir Putin launched a special military operation, sending troops into Ukraine. After the U.S. and Europe imposed sanctions on Russia, it triggered a massive devaluation of the country’s currency. It was so bad that Russians lined up at ATMs […]
... written on Apr 07 2022President Joe Biden has ordered a major release of oil from the nation’s Strategic Petroleum Reserve for the next six months. In an effort to bring down high fuel costs, the U.S. will free up to 180 million barrels, translating to 1 million barrels of oil per day. The fact that this is the largest release […]
... written on Apr 03 2022Is Ukraine, armed with billions of dollars worth of American weapons, really winning the war against Russia? It depends. If you restrict yourself to reading Western news media, then Ukraine is indeed winning. How can Ukrainians not win when the media keep reporting that thousands of Russian helicopters, aircrafts, drones and whatnot are dropping from […]
... written on Mar 31 2022Russia has a brilliant plan to boost its currency, which experienced a sudden collapse after the U.S. and Europe imposed economic and financial sanctions on Moscow due to Ukraine invasion. The “Ruble” plunged to its record low of 151 to a US dollar on March 7. But even before the latest plan is executed, the […]
... written on Mar 29 2022When a draft security agreement between China and Solomon Islands was leaked, it instantly sparked concerns among U.S., Australia and New Zealand about Chinese influence in the region where they have been dominating for decades. The deal would allow the deployment of Chinese “police, armed police, military personnel and other law enforcement and armed forces”. […]
... written on Mar 27 2022Donald Trump had been calling the Covid-19 as “China Virus” or “Chinese Plague” for months during his presidency. In his political rhetoric, he claimed that the virus was “sent by China”. Blaming the Chinese was a simple, yet effective tactic to divert gullible Americans attention from his mishandling of the pandemic. Unfortunately, he still lost […]
... written on Mar 24 2022Zelensky had to invoke Pearl Harbor, 9/11 and even Martin Luther King Jr as he begs for help from American lawmakers in his speech via Zoom to the U.S. Congress. Dressed in a khaki-coloured military T-shirt, he tried to rally for support – “I have a dream. These words are known to each of you […]
... written on Mar 19 2022Can the Russian invasion of Ukraine be avoided in the first place? Definitely, but the conflict was never about Ukraine to begin with. Russia was engaged in a bold brinkmanship game with the United States and NATO over their respective sphere of influence. And Ukrainian President Zelensky was foolish enough to believe that Russian Vladimir […]
... written on Mar 17 2022After the U.S. and Europe imposed sanctions on Russia, it triggered a massive devaluation of the country’s currency – ruble. Russians lined up at ATMs to withdraw their money. The Bank of Russia immediately hiked the interest rates to 20% to slow the withdrawal, as the ruble plunged 30% against the US dollar after the […]
... written on Mar 12 2022
