Before the COVID War was launched on the Chinese Lunar New Year in January 2020, the “average person” had little to no awareness of anything about Wuhan, China… let alone the Wuhan Institute of Virology or the term “biosafety level 4” (BSL-4) or its meaning. That’s all changed now. Most are not only aware of...
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EXPECT MARKET & ECONOMIC DISTORTIONS TO WORSEN
By Gregory Mannarino, TradersChoice.net Since I began writing for the Trends Journal in March 2020, there has been a common theme: The Stock Market Will Continue to Go Higher. To say the least, my calls have been correct. Moreover, I have also explained that crude oil, which is the LIFEBLOOD of the military-industrial complex, would...
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U.S. MARKETS OVERVIEW
U.S. equities markets closed last week on the rise after May’s jobs report showed respectable gains in employment but was modest enough to give investors some confidence that the U.S. Federal Reserve will not change its easy-money policies in the near future. Tech stocks lifted the S&P 500 index 0.9 percent on Friday, boosting it...
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GOLDMAN SACHS LAUNCHES CHINESE WEALTH MANAGEMENT SERVICE
China’s banking and insurance regulators have given preliminary approval to Goldman Sachs’ proposal to establish a wealth management service on the mainland in partnership with ICBC, one of the country’s largest banks. Goldman Sachs Asset Management will own 51 percent of the venture; the bank will own 49 percent. China has liberalized regulations governing foreign...
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TURKEY: ANOTHER DAY, ANOTHER CENTRAL BANKSTER FIRED
Turkey’s President Recep Erdogan has fired Oguzhan Ozbas, one of the deputy governors of the Central Bank of the Republic of Turkey, and replaced him with Semih Tumen, an economics professor and key Erdogan advisor. Ozbas is the third senior bank official that Erdogan has fired in the past two months. He fired central bank...
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BANK OF CANADA SETS NO TIMELINE FOR DIGITAL CURRENCY
Although the Bank of Canada has said private cryptocurrencies pose a vulnerability for the country’s financial system, “we don’t currently see a strong case” for issuing a national version of digital money in the near future, deputy bank governor Timothy Lane said in a panel discussion last week hosted by the country’s Chamber of Commerce....
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EUROPE’S HOSPITALITY INDUSTRY STARVED FOR WORKERS
As Europe’s restaurants and hotels reopen, customers are returning. Workers not so much. The lack of workers in the continent’s hospitality sector threatens to hobble the continent’s already weak economic recovery. Some business owners and managers say they may be forced to offer higher pay to staff their businesses. Some theorize that, as in the...
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SWITZERLAND: “FU” EU
In a referendum in 1992, the citizens of Switzerland rejected joining the European Union. However, it has negotiated 120 separate treaties with the EU that give Switzerland almost unfettered access to the EU’s markets. Because the country lacks both membership and a “framework agreement” with the union, every time the EU changes its regulations, any...
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THE NEXT COMMODITIES CRUNCH: MILK
Milk prices could climb to record levels over the next 12 months as China’s demand for dairy surges, New Zealand-based Fonterra, one of the world’s largest milk exporting companies, predicted on 25 May. A kilogram of milk solids – about 2.2 pounds – will leave dairy farms priced at about US$5.79 to US$6.34 over the...